Simplicity Solutions LLC Grows Stake in Cheniere Energy, Inc. (NYSE:LNG)

Simplicity Solutions LLC increased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 7.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,632 shares of the energy company’s stock after purchasing an additional 318 shares during the quarter. Simplicity Solutions LLC’s holdings in Cheniere Energy were worth $791,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bornite Capital Management LP purchased a new position in Cheniere Energy during the 1st quarter valued at approximately $13,865,000. MetLife Investment Management LLC bought a new stake in Cheniere Energy during the 1st quarter valued at $2,102,000. Yousif Capital Management LLC raised its position in shares of Cheniere Energy by 7.3% in the 1st quarter. Yousif Capital Management LLC now owns 5,069 shares of the energy company’s stock worth $703,000 after acquiring an additional 345 shares in the last quarter. Raymond James Trust N.A. raised its position in shares of Cheniere Energy by 95.0% in the 1st quarter. Raymond James Trust N.A. now owns 4,244 shares of the energy company’s stock worth $589,000 after acquiring an additional 2,068 shares in the last quarter. Finally, Cibc World Market Inc. grew its stake in Cheniere Energy by 22.8% during the 1st quarter. Cibc World Market Inc. now owns 4,287 shares of the energy company’s stock worth $594,000 after buying an additional 797 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

LNG has been the topic of several research analyst reports. Redburn Atlantic initiated coverage on Cheniere Energy in a research note on Tuesday. They set a “neutral” rating and a $162.00 price target on the stock. StockNews.com cut Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Barclays increased their target price on Cheniere Energy from $192.00 to $194.00 and gave the company an “overweight” rating in a report on Wednesday, January 17th. Finally, TD Cowen reduced their target price on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating for the company in a report on Tuesday, February 27th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $193.30.

Cheniere Energy Stock Performance

NYSE:LNG opened at $154.09 on Wednesday. Cheniere Energy, Inc. has a one year low of $135.30 and a one year high of $183.46. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.51 and a current ratio of 1.63. The firm has a market capitalization of $36.16 billion, a PE ratio of 3.80 and a beta of 0.94. The firm has a 50 day moving average of $158.34.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, February 22nd. The energy company reported $5.76 EPS for the quarter, beating the consensus estimate of $2.70 by $3.06. The firm had revenue of $4.82 billion during the quarter, compared to analysts’ expectations of $4.37 billion. Cheniere Energy had a return on equity of 69.52% and a net margin of 48.45%. The business’s revenue for the quarter was down 46.9% on a year-over-year basis. During the same quarter last year, the firm earned $15.78 earnings per share. As a group, analysts predict that Cheniere Energy, Inc. will post 8.39 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Tuesday, February 6th were given a $0.435 dividend. The ex-dividend date of this dividend was Monday, February 5th. This represents a $1.74 annualized dividend and a yield of 1.13%. Cheniere Energy’s payout ratio is 4.30%.

Cheniere Energy Company Profile

Cheniere Energy, Inc, an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas. The company also owns Creole Trail pipeline, a 94-mile natural gas supply pipeline that interconnects the Sabine Pass LNG Terminal with several interstate and intrastate pipelines; and operates Corpus Christi pipeline, a 21.5-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.