Aaron Wealth Advisors LLC Raises Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Aaron Wealth Advisors LLC grew its position in Cheniere Energy, Inc. (NYSE:LNG) by 10.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,955 shares of the energy company’s stock after purchasing an additional 182 shares during the period. Aaron Wealth Advisors LLC’s holdings in Cheniere Energy were worth $420,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Wellington Management Group LLP grew its position in Cheniere Energy by 195.1% in the third quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company’s stock worth $755,410,000 after acquiring an additional 2,776,920 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in shares of Cheniere Energy by 91.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company’s stock worth $673,927,000 after purchasing an additional 1,789,919 shares during the period. Two Sigma Advisers LP increased its position in shares of Cheniere Energy by 328.2% during the 3rd quarter. Two Sigma Advisers LP now owns 894,600 shares of the energy company’s stock worth $160,885,000 after purchasing an additional 685,662 shares during the last quarter. Darlington Partners Capital Management LP raised its holdings in Cheniere Energy by 74.6% in the 2nd quarter. Darlington Partners Capital Management LP now owns 1,514,155 shares of the energy company’s stock valued at $264,720,000 after buying an additional 647,096 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its position in Cheniere Energy by 8.5% in the second quarter. The Manufacturers Life Insurance Company now owns 5,270,853 shares of the energy company’s stock valued at $921,503,000 after buying an additional 413,744 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Stock Down 0.4 %

Shares of NYSE:LNG opened at $252.70 on Monday. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $257.65. The firm’s 50 day moving average price is $219.76 and its 200 day moving average price is $195.63. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The stock has a market cap of $56.70 billion, a price-to-earnings ratio of 16.14 and a beta of 0.99.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.87 by $2.06. The business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The company’s revenue was down 9.5% on a year-over-year basis. During the same period last year, the business earned $2.37 EPS. As a group, equities research analysts predict that Cheniere Energy, Inc. will post 12.66 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date was Friday, November 8th. Cheniere Energy’s dividend payout ratio (DPR) is 12.77%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on LNG. Barclays lifted their price target on shares of Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a research report on Thursday. Scotiabank began coverage on Cheniere Energy in a research report on Friday, January 10th. They issued a “sector outperform” rating and a $242.00 target price on the stock. Stifel Nicolaus raised their price target on Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. UBS Group lifted their price objective on Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, Wells Fargo & Company increased their target price on Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Cheniere Energy currently has a consensus rating of “Moderate Buy” and an average price target of $231.18.

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.