Main Street Research LLC Makes New $228,000 Investment in Cheniere Energy, Inc. (NYSE:LNG)

Main Street Research LLC acquired a new stake in Cheniere Energy, Inc. (NYSE:LNG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,060 shares of the energy company’s stock, valued at approximately $228,000.

Several other institutional investors and hedge funds have also modified their holdings of LNG. MassMutual Private Wealth & Trust FSB raised its position in Cheniere Energy by 170.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock valued at $26,000 after acquiring an additional 75 shares in the last quarter. WR Wealth Planners LLC increased its holdings in shares of Cheniere Energy by 373.1% during the 4th quarter. WR Wealth Planners LLC now owns 123 shares of the energy company’s stock valued at $26,000 after purchasing an additional 97 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Cheniere Energy during the 3rd quarter valued at approximately $28,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Cheniere Energy in the 4th quarter valued at $29,000. Finally, Adirondack Trust Co. purchased a new stake in Cheniere Energy during the fourth quarter worth $43,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Insider Activity

In related news, Director G Andrea Botta sold 9,000 shares of Cheniere Energy stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the transaction, the director now owns 33,934 shares in the company, valued at approximately $7,448,852.34. This trade represents a 20.96 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.29% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. The Goldman Sachs Group lifted their price objective on shares of Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a report on Thursday, December 19th. UBS Group lifted their price target on Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Wells Fargo & Company increased their price target on Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. TD Cowen boosted their price objective on Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, Stifel Nicolaus upped their target price on Cheniere Energy from $237.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Cheniere Energy currently has an average rating of “Moderate Buy” and a consensus target price of $236.33.

Cheniere Energy Trading Up 2.4 %

Shares of LNG stock opened at $220.57 on Monday. Cheniere Energy, Inc. has a fifty-two week low of $152.88 and a fifty-two week high of $257.65. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The stock’s fifty day moving average is $225.15 and its two-hundred day moving average is $206.54. The firm has a market capitalization of $49.33 billion, a P/E ratio of 15.50 and a beta of 0.94.

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

Cheniere Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued 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.