ORG Wealth Partners LLC Boosts Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

ORG Wealth Partners LLC lifted its stake in Cheniere Energy, Inc. (NYSE:LNG) by 512.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,787 shares of the energy company’s stock after buying an additional 1,495 shares during the quarter. ORG Wealth Partners LLC’s holdings in Cheniere Energy were worth $384,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Bank of New York Mellon Corp purchased a new position in Cheniere Energy during the second quarter worth approximately $441,000. Commonwealth Equity Services LLC increased its holdings in Cheniere Energy by 2.7% in the 2nd quarter. Commonwealth Equity Services LLC now owns 20,391 shares of the energy company’s stock worth $1,001,000 after acquiring an additional 534 shares in the last quarter. Acadian Asset Management LLC purchased a new position in Cheniere Energy during the second quarter valued at $1,708,000. Caprock Group LLC grew its position in shares of Cheniere Energy by 57.8% in the second quarter. Caprock Group LLC now owns 3,164 shares of the energy company’s stock valued at $553,000 after purchasing an additional 1,159 shares during the period. Finally, Choreo LLC purchased a new position in Cheniere Energy in the 2nd quarter valued at about $744,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Stock Up 0.7 %

Cheniere Energy stock traded up $1.65 during midday trading on Friday, hitting $226.84. 645,553 shares of the stock were exchanged, compared to its average volume of 1,341,399. Cheniere Energy, Inc. has a 1 year low of $152.31 and a 1 year high of $229.63. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. The firm has a market cap of $50.89 billion, a P/E ratio of 14.49 and a beta of 0.99. The company has a 50 day moving average price of $214.24 and a two-hundred day moving average price of $192.40.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $2.06. The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. Cheniere Energy’s revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.37 earnings per share. On average, sell-side analysts predict that Cheniere Energy, Inc. will post 11.25 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid a $0.50 dividend. The ex-dividend date was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.88%. Cheniere Energy’s dividend payout ratio (DPR) is presently 12.77%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LNG. Wells Fargo & Company lifted their price target on Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Scotiabank started coverage on shares of Cheniere Energy in a research report on Friday. They set a “sector outperform” rating and a $242.00 price target for the company. The Goldman Sachs Group lifted their target price on Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. TD Cowen upped their price target on Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Stifel Nicolaus raised their price target on Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Cheniere Energy currently has a consensus rating of “Moderate Buy” and an average target price of $226.55.

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.