Cerity Partners LLC Boosts Stake in Cheniere Energy, Inc. (NYSE:LNG)

Cerity Partners LLC lifted its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 249.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 69,407 shares of the energy company's stock after purchasing an additional 49,523 shares during the period. Cerity Partners LLC's holdings in Cheniere Energy were worth $11,849,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in LNG. HHM Wealth Advisors LLC bought a new stake in Cheniere Energy in the 3rd quarter valued at about $25,000. Strategic Investment Solutions Inc. IL bought a new stake in Cheniere Energy in the first quarter valued at approximately $27,000. Whittier Trust Co. of Nevada Inc. lifted its position in Cheniere Energy by 203.4% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 176 shares of the energy company's stock valued at $29,000 after purchasing an additional 118 shares during the last quarter. OFI Invest Asset Management bought a new stake in Cheniere Energy in the third quarter valued at approximately $40,000. Finally, Geneos Wealth Management Inc. raised its holdings in shares of Cheniere Energy by 48.1% during the third quarter. Geneos Wealth Management Inc. now owns 274 shares of the energy company's stock valued at $45,000 after acquiring an additional 89 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Stock Performance

NYSE LNG traded down $2.44 during trading on Monday, reaching $154.35. 1,593,241 shares of the company's stock were exchanged, compared to its average volume of 1,898,905. The firm has a market cap of $36.22 billion, a PE ratio of 3.81 and a beta of 0.94. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.51 and a current ratio of 1.63. The stock has a 50 day simple moving average of $158.56. Cheniere Energy, Inc. has a 1 year low of $135.30 and a 1 year high of $183.46.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings data on Thursday, February 22nd. The energy company reported $5.76 earnings per share for the quarter, beating analysts' consensus estimates of $2.70 by $3.06. Cheniere Energy had a return on equity of 69.52% and a net margin of 48.45%. The company had revenue of $4.82 billion for the quarter, compared to analyst estimates of $4.37 billion. During the same quarter in the previous year, the company earned $15.78 EPS. The firm's revenue for the quarter was down 46.9% compared to the same quarter last year. Research analysts forecast that Cheniere Energy, Inc. will post 8.39 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Tuesday, February 6th were given a $0.435 dividend. This represents a $1.74 annualized dividend and a dividend yield of 1.13%. The ex-dividend date was Monday, February 5th. Cheniere Energy's dividend payout ratio (DPR) is currently 4.30%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on LNG. StockNews.com downgraded Cheniere Energy from a "buy" rating to a "hold" rating in a report on Monday, April 8th. Barclays raised their price objective on Cheniere Energy from $192.00 to $194.00 and gave the stock an "overweight" rating in a research note on Wednesday, January 17th. Finally, TD Cowen decreased their target price on Cheniere Energy from $185.00 to $178.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 27th. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Buy" and a consensus price target of $196.78.

Cheniere Energy Profile

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.