Proficio Capital Partners LLC Boosts Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Proficio Capital Partners LLC increased its stake in Cheniere Energy, Inc. (NYSE:LNG) by 18,281.6% during the 4th quarter, HoldingsChannel reports. The firm owned 575,897 shares of the energy company’s stock after buying an additional 572,764 shares during the period. Proficio Capital Partners LLC’s holdings in Cheniere Energy were worth $123,743,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. boosted its holdings in Cheniere Energy by 11.4% in the fourth quarter. Oppenheimer & Co. Inc. now owns 25,042 shares of the energy company’s stock worth $5,381,000 after purchasing an additional 2,554 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in Cheniere Energy by 4.4% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 10,285 shares of the energy company’s stock worth $2,210,000 after purchasing an additional 436 shares during the last quarter. Nwam LLC boosted its holdings in Cheniere Energy by 34.3% in the fourth quarter. Nwam LLC now owns 20,510 shares of the energy company’s stock worth $4,407,000 after purchasing an additional 5,233 shares during the last quarter. NewEdge Wealth LLC raised its position in Cheniere Energy by 39.2% in the fourth quarter. NewEdge Wealth LLC now owns 6,969 shares of the energy company’s stock worth $1,497,000 after acquiring an additional 1,961 shares during the period. Finally, Lingotto Investment Management LLP raised its position in Cheniere Energy by 41.5% in the fourth quarter. Lingotto Investment Management LLP now owns 32,443 shares of the energy company’s stock worth $6,971,000 after acquiring an additional 9,507 shares during the period. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. UBS Group boosted their price objective on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, November 15th. The Goldman Sachs Group upped their price target on Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. StockNews.com upgraded Cheniere Energy from a “hold” rating to a “buy” rating in a research report on Friday, February 21st. Barclays upped their price target on Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Finally, Stifel Nicolaus upped their price target on Cheniere Energy from $237.00 to $255.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $235.75.

Cheniere Energy Stock Performance

NYSE:LNG opened at $219.85 on Friday. 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 12-month low of $152.31 and a 12-month high of $257.65. The stock has a 50-day moving average price of $223.89 and a 200 day moving average price of $204.69. The stock has a market capitalization of $49.17 billion, a P/E ratio of 15.45 and a beta of 0.98.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.74 by $1.59. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The firm had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Equities research analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend was Friday, February 7th. Cheniere Energy’s dividend payout ratio is currently 14.05%.

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.