Alaethes Wealth LLC Makes New Investment in Cheniere Energy, Inc. (NYSE:LNG)

Alaethes Wealth LLC purchased a new stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 7,071 shares of the energy company's stock, valued at approximately $1,519,000.

Several other large investors also recently made changes to their positions in the stock. MassMutual Private Wealth & Trust FSB boosted its position in shares of Cheniere Energy by 170.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company's stock worth $26,000 after buying an additional 75 shares during the period. WR Wealth Planners LLC boosted its holdings in Cheniere Energy by 373.1% during the fourth quarter. WR Wealth Planners LLC now owns 123 shares of the energy company's stock worth $26,000 after purchasing an additional 97 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in Cheniere Energy in the fourth quarter valued at $29,000. Nemes Rush Group LLC increased its stake in Cheniere Energy by 2,022.2% in the 4th quarter. Nemes Rush Group LLC now owns 191 shares of the energy company's stock valued at $41,000 after buying an additional 182 shares during the last quarter. Finally, Adirondack Trust Co. bought a new stake in Cheniere Energy during the 4th quarter worth about $43,000. Institutional investors own 87.26% of the company's stock.

Wall Street Analyst Weigh In

LNG has been the subject of several recent research reports. Argus started coverage on Cheniere Energy in a research report on Tuesday, March 18th. They set a "buy" rating and a $255.00 price target for the company. Barclays increased their price target on shares of Cheniere Energy from $202.00 to $253.00 and gave the company an "overweight" rating in a research note on Thursday, January 16th. Wolfe Research cut shares of Cheniere Energy from an "outperform" rating to a "peer perform" rating in a report on Wednesday. StockNews.com upgraded Cheniere Energy from a "hold" rating to a "buy" rating in a research note on Friday, February 21st. Finally, TD Cowen lifted their target price on Cheniere Energy from $242.00 to $250.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. One analyst has rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $251.46.

Cheniere Energy Trading Up 2.4 %

Shares of NYSE:LNG opened at $235.94 on Friday. The company has a market capitalization of $52.57 billion, a P/E ratio of 16.58 and a beta of 0.67. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. The business's 50 day simple moving average is $223.37 and its 200 day simple moving average is $217.91. Cheniere Energy, Inc. has a 1 year low of $153.03 and a 1 year high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The energy company reported $4.33 EPS for the quarter, topping analysts' consensus estimates of $2.74 by $1.59. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The company had revenue of $4.44 billion for the quarter, compared to analysts' expectations of $4.44 billion. On average, research analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 19th. Shareholders of record on Friday, May 9th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, May 9th. This represents a $2.00 annualized dividend and a yield of 0.85%. Cheniere Energy's dividend payout ratio is currently 14.05%.

Insiders Place Their Bets

In related news, Director G Andrea Botta sold 9,000 shares of the company's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the completion of the sale, the director now directly owns 33,934 shares in the company, valued at $7,448,852.34. This represents a 20.96 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.26% of the company's stock.

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.

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