CW Advisors LLC Invests $479,000 in Cheniere Energy, Inc. $LNG

Key Points

• CW Advisors LLC has purchased 2,078 shares of Cheniere Energy, valued at approximately $479,000, marking an increase in institutional investment during the first quarter.
• Cheniere Energy's stock is seeing significant interest from analysts, with Bank of America raising the target price to $271.00 and Wells Fargo increasing it to $284.00, reflecting a generally favorable outlook.
• The company reported strong quarterly earnings of $7.30 per share, surpassing analyst expectations and representing a 42.8% year-over-year revenue increase.

CW Advisors LLC purchased a new position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,078 shares of the energy company's stock, valued at approximately $479,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Altman Advisors Inc. lifted its position in shares of Cheniere Energy by 0.4% in the 1st quarter. Altman Advisors Inc. now owns 10,162 shares of the energy company's stock worth $2,348,000 after purchasing an additional 43 shares during the period. Greenleaf Trust lifted its position in shares of Cheniere Energy by 1.1% in the 1st quarter. Greenleaf Trust now owns 4,212 shares of the energy company's stock worth $975,000 after purchasing an additional 46 shares during the period. Hemington Wealth Management lifted its position in shares of Cheniere Energy by 14.0% in the 1st quarter. Hemington Wealth Management now owns 390 shares of the energy company's stock worth $90,000 after purchasing an additional 48 shares during the period. Brooklyn Investment Group lifted its position in shares of Cheniere Energy by 5.0% in the 1st quarter. Brooklyn Investment Group now owns 1,007 shares of the energy company's stock worth $233,000 after purchasing an additional 48 shares during the period. Finally, BIP Wealth LLC lifted its position in shares of Cheniere Energy by 1.4% in the 4th quarter. BIP Wealth LLC now owns 3,545 shares of the energy company's stock worth $762,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 87.26% of the company's stock.

Insider Activity

In other news, Director Neal A. Shear sold 4,300 shares of the company's stock in a transaction on 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 sale, the director owned 29,733 shares in the company, valued at $7,312,236.69. This represents a 12.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.26% of the stock is currently owned by insiders.

Cheniere Energy Stock Down 0.1%

LNG stock traded down $0.30 during midday trading on Tuesday, reaching $241.52. 334,327 shares of the company's stock traded hands, compared to its average volume of 2,081,098. The company has a market cap of $53.08 billion, a price-to-earnings ratio of 14.11 and a beta of 0.43. The firm's fifty day moving average price is $235.57 and its 200-day moving average price is $230.29. The company has a quick ratio of 0.85, a current ratio of 0.98 and a debt-to-equity ratio of 1.96. Cheniere Energy, Inc. has a 52 week low of $175.14 and a 52 week high of $257.65.

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

Cheniere Energy Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts recently issued reports on LNG shares. Scotiabank reiterated an "outperform" rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. Jefferies Financial Group set a $288.00 target price on shares of Cheniere Energy and gave the company a "buy" rating in a research report on Thursday, June 26th. TD Cowen boosted their target price on shares of Cheniere Energy from $265.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Wall Street Zen downgraded shares of Cheniere Energy from a "buy" rating to a "hold" rating in a research report on Friday, May 9th. Finally, Cowen reiterated a "buy" rating on shares of Cheniere Energy in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently 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.