Atria Wealth Solutions Inc. Has $1.79 Million Stake in Cheniere Energy, Inc. (NYSE:LNG)

Atria Wealth Solutions Inc. raised its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 10.3% in the first quarter, Holdings Channel reports. The fund owned 7,734 shares of the energy company’s stock after acquiring an additional 720 shares during the period. Atria Wealth Solutions Inc.’s holdings in Cheniere Energy were worth $1,790,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. Cary Street Partners Financial LLC increased its holdings in Cheniere Energy by 326.9% during the 1st quarter. Cary Street Partners Financial LLC now owns 3,586 shares of the energy company’s stock worth $830,000 after purchasing an additional 2,746 shares in the last quarter. New Age Alpha Advisors LLC lifted its stake in Cheniere Energy by 64.0% in the 1st quarter. New Age Alpha Advisors LLC now owns 364 shares of the energy company’s stock valued at $84,000 after purchasing an additional 142 shares during the last quarter. Thoroughbred Financial Services LLC lifted its stake in Cheniere Energy by 26.5% in the 1st quarter. Thoroughbred Financial Services LLC now owns 7,968 shares of the energy company’s stock valued at $1,843,000 after purchasing an additional 1,669 shares during the last quarter. Ruffer LLP acquired a new stake in Cheniere Energy in the 1st quarter valued at about $9,672,000. Finally, Sfmg LLC raised its holdings in Cheniere Energy by 5.3% in the 1st quarter. Sfmg LLC now owns 2,704 shares of the energy company’s stock valued at $626,000 after acquiring an additional 137 shares during the period. Institutional investors own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. increased their price target on shares of Cheniere Energy from $252.00 to $265.00 and gave the company an “overweight” rating in a report on Monday, April 28th. Jefferies Financial Group set a $288.00 price objective on shares of Cheniere Energy and gave the company a “buy” rating in a research report on Thursday, June 26th. Stifel Nicolaus decreased their target price on shares of Cheniere Energy from $255.00 to $247.00 and set a “buy” rating on the stock in a research note on Tuesday, April 22nd. Scotiabank reaffirmed an “outperform” rating on shares of Cheniere Energy in a research note on Tuesday, July 15th. Finally, Wells Fargo & Company set a $267.00 price objective on shares of Cheniere Energy and gave the stock an “overweight” rating in a research note on Wednesday, June 25th. Two analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Cheniere Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $260.71.

Insider Buying and Selling at Cheniere Energy

In other news, Director Neal A. Shear sold 4,300 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $245.93, for a total transaction of $1,057,499.00. Following the completion of the transaction, the director directly owned 29,733 shares of the company’s stock, valued at $7,312,236.69. This represents a 12.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is owned by corporate insiders.

Cheniere Energy Trading Down 1.9%

LNG opened at $230.84 on Friday. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.19 and a quick ratio of 1.06. The firm has a market capitalization of $51.20 billion, a PE ratio of 13.48 and a beta of 0.43. Cheniere Energy, Inc. has a fifty-two week low of $175.14 and a fifty-two week high of $257.65. The company’s 50-day moving average is $235.83 and its 200 day moving average is $228.82.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, August 7th. The energy company reported $7.30 EPS for the quarter, beating the consensus estimate of $2.35 by $4.95. The firm had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.48 billion. Cheniere Energy had a net margin of 21.05% and a return on equity of 39.21%. The company’s revenue for the quarter was up 42.8% on a year-over-year basis. During the same quarter last year, the business posted $3.84 EPS. As a group, research analysts predict 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 will be paid on Monday, August 18th. Stockholders of record on Friday, August 8th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, August 8th. Cheniere Energy’s dividend payout ratio is currently 14.63%.

Cheniere Energy Company 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.