Western Wealth Management LLC Acquires New Stake in Cheniere Energy, Inc. (NYSE:LNG)

Western Wealth Management LLC acquired a new stake in Cheniere Energy, Inc. (NYSE:LNG) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 5,624 shares of the energy company’s stock, valued at approximately $960,000.

Other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of Cheniere Energy by 1.1% during the first quarter. Vanguard Group Inc. now owns 21,330,395 shares of the energy company’s stock worth $2,957,460,000 after acquiring an additional 223,024 shares in the last quarter. State Street Corp lifted its position in shares of Cheniere Energy by 13.6% during the first quarter. State Street Corp now owns 6,934,156 shares of the energy company’s stock worth $961,421,000 after acquiring an additional 830,898 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Cheniere Energy by 5.8% during the third quarter. The Manufacturers Life Insurance Company now owns 4,052,497 shares of the energy company’s stock worth $672,559,000 after acquiring an additional 220,802 shares in the last quarter. Morgan Stanley lifted its position in shares of Cheniere Energy by 19.4% during the fourth quarter. Morgan Stanley now owns 3,542,925 shares of the energy company’s stock worth $531,297,000 after acquiring an additional 576,067 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Cheniere Energy by 2.2% during the first quarter. Geode Capital Management LLC now owns 3,363,669 shares of the energy company’s stock worth $529,389,000 after acquiring an additional 71,466 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. StockNews.com downgraded Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. TD Cowen dropped their target price on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 27th. Barclays increased their price objective on Cheniere Energy from $192.00 to $194.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 17th. Finally, Redburn Atlantic started coverage on Cheniere Energy in a research report on Tuesday, April 16th. They issued a “neutral” rating and a $162.00 price objective on the stock. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Cheniere Energy has an average rating of “Moderate Buy” and an average target price of $193.30.

Cheniere Energy Stock Up 1.0 %

LNG opened at $161.97 on Friday. The company has a market capitalization of $37.36 billion, a PE ratio of 4.00 and a beta of 0.94. The company has a current ratio of 1.63, a quick ratio of 1.51 and a debt-to-equity ratio of 2.59. Cheniere Energy, Inc. has a 52 week low of $135.30 and a 52 week high of $183.46. The company has a fifty day moving average price of $158.09.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, February 22nd. The energy company reported $5.76 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $3.06. The business had revenue of $4.82 billion for 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 firm’s revenue was down 46.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $15.78 earnings per share. As a group, equities analysts anticipate that Cheniere Energy, Inc. will post 8.39 earnings per share for the current year.

Cheniere Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Tuesday, February 6th were paid a $0.435 dividend. The ex-dividend date of this dividend was Monday, February 5th. This represents a $1.74 dividend on an annualized basis and a yield of 1.07%. Cheniere Energy’s dividend payout ratio is presently 4.30%.

Cheniere Energy 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.