Wealth Enhancement Advisory Services LLC Sells 6,043 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Wealth Enhancement Advisory Services LLC lessened its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 11.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,982 shares of the energy company's stock after selling 6,043 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Cheniere Energy were worth $10,095,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of LNG. WR Wealth Planners LLC raised its stake in Cheniere Energy by 373.1% in the 4th quarter. WR Wealth Planners LLC now owns 123 shares of the energy company's stock valued at $26,000 after acquiring an additional 97 shares during the period. REAP Financial Group LLC increased its holdings in shares of Cheniere Energy by 150.0% in the fourth quarter. REAP Financial Group LLC now owns 125 shares of the energy company's stock valued at $27,000 after purchasing an additional 75 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new position in shares of Cheniere Energy in the fourth quarter valued at about $29,000. Banque Transatlantique SA bought a new position in shares of Cheniere Energy in the fourth quarter valued at about $32,000. Finally, Nemes Rush Group LLC lifted its stake in shares of Cheniere Energy by 2,022.2% during the 4th quarter. Nemes Rush Group LLC now owns 191 shares of the energy company's stock worth $41,000 after buying an additional 182 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on LNG shares. Wolfe Research cut shares of Cheniere Energy from an "outperform" rating to a "peer perform" rating in a report on Wednesday, April 30th. Argus assumed coverage on Cheniere Energy in a research note on Tuesday, March 18th. They set a "buy" rating and a $255.00 target price on the stock. Scotiabank dropped their price target on Cheniere Energy from $243.00 to $242.00 and set a "sector outperform" rating for the company in a report on Tuesday, April 29th. Wall Street Zen downgraded Cheniere Energy from a "buy" rating to a "hold" rating in a research note on Friday, May 9th. Finally, UBS Group reaffirmed a "buy" rating and issued a $277.00 price objective on shares of Cheniere Energy in a report on Tuesday, March 18th. Two analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $252.23.

Cheniere Energy Price Performance

LNG stock traded up $6.25 during mid-day trading on Monday, hitting $243.24. The stock had a trading volume of 3,009,062 shares, compared to its average volume of 1,874,612. The firm has a fifty day simple moving average of $228.03 and a 200 day simple moving average of $224.00. The firm has a market capitalization of $53.95 billion, a P/E ratio of 17.09 and a beta of 0.41. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. Cheniere Energy, Inc. has a 52 week low of $154.82 and a 52 week high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The energy company reported $1.57 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 analyst estimates of $4.73 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. Cheniere Energy's quarterly revenue was up 28.0% on a year-over-year basis. During the same period last year, the firm posted $2.13 EPS. As a group, research analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, May 19th. Stockholders of record on Friday, May 9th were issued a $0.50 dividend. The ex-dividend date was Friday, May 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.82%. Cheniere Energy's dividend payout ratio (DPR) 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.