Octavia Wealth Advisors LLC Invests $205,000 in Cheniere Energy, Inc. (NYSE:LNG)

Octavia Wealth Advisors LLC purchased a new position in Cheniere Energy, Inc. (NYSE:LNG) during the fourth quarter, HoldingsChannel reports. The firm purchased 1,202 shares of the energy company’s stock, valued at approximately $205,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farmers & Merchants Investments Inc. grew its position in shares of Cheniere Energy by 21.1% during the third quarter. Farmers & Merchants Investments Inc. now owns 345 shares of the energy company’s stock valued at $57,000 after purchasing an additional 60 shares in the last quarter. Mutual Advisors LLC grew its position in shares of Cheniere Energy by 1.0% during the third quarter. Mutual Advisors LLC now owns 6,224 shares of the energy company’s stock valued at $1,033,000 after purchasing an additional 64 shares in the last quarter. Xcel Wealth Management LLC grew its position in shares of Cheniere Energy by 3.4% during the fourth quarter. Xcel Wealth Management LLC now owns 1,961 shares of the energy company’s stock valued at $335,000 after purchasing an additional 65 shares in the last quarter. Winch Advisory Services LLC grew its position in shares of Cheniere Energy by 11.4% during the third quarter. Winch Advisory Services LLC now owns 647 shares of the energy company’s stock valued at $107,000 after purchasing an additional 66 shares in the last quarter. Finally, Simon Quick Advisors LLC grew its position in shares of Cheniere Energy by 3.1% during the fourth quarter. Simon Quick Advisors LLC now owns 2,182 shares of the energy company’s stock valued at $373,000 after purchasing an additional 66 shares in the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Price Performance

Shares of NYSE:LNG opened at $156.81 on Thursday. Cheniere Energy, Inc. has a 1 year low of $135.30 and a 1 year high of $183.46. The company’s 50 day simple moving average is $158.25. The stock has a market capitalization of $36.80 billion, a price-to-earnings ratio of 3.87 and a beta of 0.94. The company has a quick ratio of 1.51, a current ratio of 1.63 and a debt-to-equity ratio of 2.59.

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

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Tuesday, February 6th were paid a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a dividend yield of 1.11%. The ex-dividend date was Monday, February 5th. Cheniere Energy’s dividend payout ratio is presently 4.30%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on LNG. Barclays raised their price objective on Cheniere Energy from $192.00 to $194.00 and gave the company an “overweight” rating in a research report on Wednesday, January 17th. TD Cowen cut their price objective on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating for the company in a research report on Tuesday, February 27th. Redburn Atlantic initiated coverage on Cheniere Energy in a research report on Tuesday. They set a “neutral” rating and a $162.00 price objective for the company. Finally, StockNews.com lowered Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Cheniere Energy currently has an average rating of “Moderate Buy” and an average target price of $193.30.

About Cheniere Energy

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.