Wealth Enhancement Advisory Services LLC Has $17.80 Million Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Wealth Enhancement Advisory Services LLC raised its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 63.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 76,919 shares of the energy company's stock after purchasing an additional 29,937 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in Cheniere Energy were worth $17,800,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Martin Investment Management LLC grew its position in shares of Cheniere Energy by 615.4% during the 4th quarter. Martin Investment Management LLC now owns 28,223 shares of the energy company's stock worth $6,064,000 after buying an additional 24,278 shares during the period. Bessemer Group Inc. grew its position in shares of Cheniere Energy by 3.8% during the 4th quarter. Bessemer Group Inc. now owns 37,378 shares of the energy company's stock worth $8,032,000 after buying an additional 1,359 shares during the period. LPL Financial LLC grew its position in shares of Cheniere Energy by 27.0% during the 4th quarter. LPL Financial LLC now owns 293,201 shares of the energy company's stock worth $63,000,000 after buying an additional 62,338 shares during the period. Gateway Investment Advisers LLC grew its position in shares of Cheniere Energy by 6.7% during the 1st quarter. Gateway Investment Advisers LLC now owns 51,781 shares of the energy company's stock worth $11,982,000 after buying an additional 3,252 shares during the period. Finally, Amundi grew its position in shares of Cheniere Energy by 19.9% during the 4th quarter. Amundi now owns 2,696,002 shares of the energy company's stock worth $606,907,000 after buying an additional 448,189 shares during the period. Institutional investors and hedge funds own 87.26% of the company's stock.

Cheniere Energy Price Performance

LNG stock opened at $234.72 on Friday. Cheniere Energy, Inc. has a one year low of $165.25 and a one year high of $257.65. The company's fifty day moving average price is $233.61 and its 200-day moving average price is $225.67. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.06 and a current ratio of 1.19. The company has a market capitalization of $52.06 billion, a PE ratio of 17.17, a price-to-earnings-growth ratio of 4.90 and a beta of 0.43.

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 analysts' consensus estimates of $2.81 by ($1.24). The business had revenue of $5.44 billion for the quarter, compared to analysts' expectations of $4.73 billion. Cheniere Energy had a net margin of 18.37% and a return on equity of 32.62%. Cheniere Energy's revenue for the quarter was up 28.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.13 EPS. On average, equities analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

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

Insider Buying and Selling at Cheniere Energy

In other news, Director Neal A. Shear sold 4,300 shares of the company's 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 transaction, the director now directly owns 29,733 shares in the company, valued at approximately $7,312,236.69. This represents a 12.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.26% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Mizuho raised their price objective on shares of Cheniere Energy from $248.00 to $254.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 18th. TD Cowen lifted their price target on shares of Cheniere Energy from $250.00 to $260.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Argus assumed coverage on shares of Cheniere Energy in a research report on Tuesday, March 18th. They issued a "buy" rating and a $255.00 price target for the company. 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, Bank of America lifted their price target on shares of Cheniere Energy from $254.00 to $258.00 and gave the company a "buy" rating in a research report on Tuesday, April 29th. Two analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $252.23.

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.

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