MinichMacGregor Wealth Management LLC Buys 41,808 Shares of Cheniere Energy, Inc. $LNG

Key Points

• MinichMacGregor Wealth Management purchased 41,808 Cheniere Energy shares worth approximately $11.25 million, making LNG about 1.9% of its portfolio. Institutional investors and hedge funds collectively own 87.26% of the company.
• Cheniere shares recently fell 2.0% to $281.20, while the company reported $5.73 billion in quarterly revenue—above estimates—but earnings of $3.02 per share missed consensus by $0.09.
• Analysts maintain a broadly positive outlook, with a consensus “Buy” rating and average price target of $306.47. Cheniere also pays a quarterly dividend of $0.555 per share, yielding approximately 0.8% annually.

MinichMacGregor Wealth Management LLC purchased a new stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 41,808 shares of the energy company's stock, valued at approximately $11,248,000. Cheniere Energy accounts for about 1.9% of MinichMacGregor Wealth Management LLC's holdings, making the stock its 24th largest position.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. First Horizon Corp boosted its position in shares of Cheniere Energy by 7.7% during the 1st quarter. First Horizon Corp now owns 517 shares of the energy company's stock worth $147,000 after purchasing an additional 37 shares in the last quarter. Signal Advisors Wealth LLC lifted its position in shares of Cheniere Energy by 2.9% during the first quarter. Signal Advisors Wealth LLC now owns 1,497 shares of the energy company's stock valued at $425,000 after purchasing an additional 42 shares in the last quarter. Titleist Asset Management LLC boosted its holdings in Cheniere Energy by 1.6% during the third quarter. Titleist Asset Management LLC now owns 2,867 shares of the energy company's stock worth $771,000 after purchasing an additional 45 shares during the last quarter. Independence Bank of Kentucky increased its stake in Cheniere Energy by 6.8% in the 1st quarter. Independence Bank of Kentucky now owns 725 shares of the energy company's stock valued at $206,000 after buying an additional 46 shares during the last quarter. Finally, Optiver Holding B.V. lifted its position in shares of Cheniere Energy by 54.5% during the 1st quarter. Optiver Holding B.V. now owns 136 shares of the energy company's stock worth $39,000 after buying an additional 48 shares in the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Trading Down 2.0%

Shares of LNG traded down $5.72 during trading hours on Wednesday, hitting $281.20. The company had a trading volume of 416,664 shares, compared to its average volume of 2,312,632. The company has a quick ratio of 0.72, a current ratio of 0.87 and a debt-to-equity ratio of 1.97. The stock's 50 day moving average price is $275.39 and its 200 day moving average price is $260.90. The firm has a market cap of $58.08 billion, a P/E ratio of 20.95, a P/E/G ratio of 1.12 and a beta of 0.06. Cheniere Energy, Inc. has a 52-week low of $186.20 and a 52-week high of $300.89.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The energy company reported $3.02 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $3.11 by ($0.09). Cheniere Energy had a return on equity of 29.80% and a net margin of 13.57%. The firm had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $4.92 billion. During the same period last year, the business earned $7.30 EPS. Cheniere Energy's revenue was up 23.5% on a year-over-year basis. On average, research analysts predict that Cheniere Energy, Inc. will post 16.76 EPS for the current year.

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 18th. Stockholders of record on Monday, August 10th were paid a $0.5550 dividend. The ex-dividend date was Monday, August 10th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.8%. Cheniere Energy's payout ratio is currently 16.53%.

Analyst Ratings Changes

A number of research firms have weighed in on LNG. Morgan Stanley reiterated an "overweight" rating and issued a $310.00 target price on shares of Cheniere Energy in a research note on Friday, August 7th. Weiss Ratings raised Cheniere Energy from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, October 8th. Jefferies Financial Group reiterated a "buy" rating and issued a $336.00 target price on shares of Cheniere Energy in a research note on Saturday. UBS Group reissued a "buy" rating on shares of Cheniere Energy in a research note on Tuesday, September 1st. Finally, TD Cowen boosted their price objective on Cheniere Energy from $280.00 to $290.00 and gave the stock a "buy" rating in a report on Tuesday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Cheniere Energy presently has a consensus rating of "Buy" and an average target price of $306.47.

Cheniere Energy Profile

Cheniere Energy, Inc is a Houston-based energy company focused on the production, liquefaction and export of liquefied natural gas (LNG). Through its subsidiaries, the company purchases natural gas, processes it into LNG and sells it to customers under long-term agreements and in the global LNG market. Its operations also include LNG-related infrastructure, marketing and transportation activities.

Cheniere's principal assets include the Sabine Pass LNG facility in Louisiana and the Corpus Christi LNG facility in Texas.

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