CreativeOne Wealth LLC Increases Stock Holdings in Cheniere Energy, Inc. $LNG

Key Points

• CreativeOne Wealth LLC increased its stake in Cheniere Energy, Inc. by 378.1%, owning 11,604 shares valued at approximately $2.69 million following additional purchases in the first quarter.
• Cheniere Energy recently reported strong earnings, with $7.30 per share, significantly exceeding analyst expectations of $2.35, alongside quarterly revenue of $4.64 billion.
• Several brokerage firms, including Bank of America and TD Cowen, have raised their price targets on Cheniere Energy, reflecting a positive outlook on the stock, with consensus ratings leaning heavily towards "buy."

CreativeOne Wealth LLC grew its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 378.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,604 shares of the energy company's stock after purchasing an additional 9,177 shares during the period. CreativeOne Wealth LLC's holdings in Cheniere Energy were worth $2,685,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of LNG. Brighton Jones LLC bought a new stake in shares of Cheniere Energy during the 4th quarter worth approximately $335,000. Integrated Wealth Concepts LLC lifted its stake in shares of Cheniere Energy by 11.2% during the 4th quarter. Integrated Wealth Concepts LLC now owns 2,950 shares of the energy company's stock worth $634,000 after acquiring an additional 296 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its stake in shares of Cheniere Energy by 26.3% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 2,375 shares of the energy company's stock worth $510,000 after acquiring an additional 494 shares during the last quarter. Northern Trust Corp lifted its stake in shares of Cheniere Energy by 18.7% during the 4th quarter. Northern Trust Corp now owns 1,599,361 shares of the energy company's stock worth $343,655,000 after acquiring an additional 251,886 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC raised its position in Cheniere Energy by 35.8% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 33,261 shares of the energy company's stock valued at $7,147,000 after purchasing an additional 8,761 shares in the last quarter. 87.26% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Neal A. Shear sold 4,300 shares of the business's stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $245.93, for a total transaction of $1,057,499.00. Following the transaction, the director directly owned 29,733 shares in the company, valued at $7,312,236.69. The trade was a 12.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.26% of the stock is currently owned by company insiders.

Cheniere Energy Stock Down 0.4%

Shares of NYSE:LNG traded down $1.00 on Tuesday, reaching $240.82. The company had a trading volume of 945,088 shares, compared to its average volume of 2,084,496. Cheniere Energy, Inc. has a 52-week low of $175.14 and a 52-week high of $257.65. The firm's 50 day simple moving average is $235.57 and its 200-day simple moving average is $230.29. The firm has a market capitalization of $52.93 billion, a PE ratio of 14.06 and a beta of 0.43. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 1.96.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.35 by $4.95. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The business had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.48 billion. During the same period last year, the business posted $3.84 EPS. The business's revenue was up 42.8% compared to the same quarter last year. As a group, analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Friday, August 8th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.8%. The ex-dividend date was Friday, August 8th. Cheniere Energy's payout ratio is 11.68%.

Analysts Set New Price Targets

LNG has been the subject of a number of research analyst reports. Cowen reaffirmed a "buy" rating on shares of Cheniere Energy in a research report on Friday, August 8th. TD Cowen lifted their target price on Cheniere Energy from $265.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Barclays reaffirmed an "overweight" rating and set a $262.00 target price (up from $253.00) on shares of Cheniere Energy in a research report on Tuesday, July 15th. Wells Fargo & Company lifted their target price on Cheniere Energy from $267.00 to $284.00 and gave the company an "overweight" rating in a research report on Tuesday, August 12th. Finally, Jefferies Financial Group set a $288.00 target price on Cheniere Energy and gave the company a "buy" rating in a research report on Thursday, June 26th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $263.29.

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.