Cheniere Energy, Inc. (NYSE:LNG) Stock Holdings Increased by Cetera Investment Advisers

Key Points

• Cetera Investment Advisers increased its holdings in Cheniere Energy, Inc. by 27.0%, now owning 89,109 shares valued at approximately $20.62 million.
• Analysts are optimistic about Cheniere Energy, with firms like JPMorgan Chase and Barclays raising their price targets, indicating a consensus rating of "Moderate Buy" and a target price of $260.36.
• Cheniere Energy recently announced a quarterly dividend of $0.50 per share, leading to an annualized dividend yield of 0.89%.

Cetera Investment Advisers increased its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 27.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 89,109 shares of the energy company's stock after purchasing an additional 18,961 shares during the quarter. Cetera Investment Advisers' holdings in Cheniere Energy were worth $20,620,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Avantax Advisory Services Inc. lifted its holdings in Cheniere Energy by 13.1% during the first quarter. Avantax Advisory Services Inc. now owns 11,765 shares of the energy company's stock worth $2,722,000 after buying an additional 1,359 shares during the period. Brookwood Investment Group LLC acquired a new stake in Cheniere Energy during the 1st quarter worth about $394,000. Journey Strategic Wealth LLC grew its position in Cheniere Energy by 13.8% during the 1st quarter. Journey Strategic Wealth LLC now owns 1,868 shares of the energy company's stock worth $432,000 after purchasing an additional 226 shares during the period. Elm3 Financial Group LLC acquired a new stake in shares of Cheniere Energy during the 1st quarter valued at about $237,000. Finally, Wedbush Securities Inc. grew its position in shares of Cheniere Energy by 10.0% during the 1st quarter. Wedbush Securities Inc. now owns 4,361 shares of the energy company's stock valued at $1,009,000 after acquiring an additional 398 shares during the period. Institutional investors own 87.26% of the company's stock.

Insider Activity at Cheniere Energy

In other news, Director Neal A. Shear sold 4,300 shares of Cheniere Energy stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $245.93, for a total value of $1,057,499.00. Following the completion of the transaction, the director directly owned 29,733 shares of the company's stock, valued at approximately $7,312,236.69. The trade was a 12.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.26% of the company's stock.

Analyst Ratings Changes

LNG has been the topic of a number of analyst reports. JPMorgan Chase & Co. raised their target price on Cheniere Energy from $252.00 to $265.00 and gave the company an "overweight" rating in a research report on Monday, April 28th. Wells Fargo & Company set a $267.00 target price on Cheniere Energy and gave the company an "overweight" rating in a research report on Wednesday, June 25th. Wolfe Research cut Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research report on Wednesday, April 30th. Wall Street Zen cut Cheniere Energy from a "buy" rating to a "hold" rating in a research report on Friday, May 9th. Finally, Bank of America lifted their price objective on Cheniere Energy from $258.00 to $271.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Two analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $260.36.

Cheniere Energy Stock Up 1.3%

Cheniere Energy stock traded up $3.13 during midday trading on Thursday, hitting $236.42. 464,491 shares of the stock were exchanged, compared to its average volume of 2,133,338. Cheniere Energy, Inc. has a 1 year low of $167.66 and a 1 year high of $257.65. The firm has a market cap of $52.44 billion, a P/E ratio of 17.30 and a beta of 0.42. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.19 and a quick ratio of 1.06. The company has a 50 day moving average price of $235.08 and a two-hundred day moving average price of $229.33.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The energy company reported $1.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.81 by ($1.24). The firm had revenue of $5.44 billion for the quarter, compared to analysts' expectations of $4.73 billion. Cheniere Energy had a return on equity of 32.62% and a net margin of 18.37%. The business's quarterly revenue was up 28.0% on a year-over-year basis. During the same period last year, the firm earned $2.13 EPS. On average, sell-side analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Friday, August 8th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.85%. The ex-dividend date is Friday, August 8th. Cheniere Energy's dividend payout ratio is currently 14.63%.

About Cheniere Energy

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.