Spectrum Asset Management Inc. NB CA Boosts Stake in Cheniere Energy, Inc. $LNG

Spectrum Asset Management Inc. NB CA raised its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 93.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,017 shares of the energy company’s stock after acquiring an additional 5,814 shares during the quarter. Spectrum Asset Management Inc. NB CA’s holdings in Cheniere Energy were worth $2,824,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Kingswood Wealth Advisors LLC lifted its stake in shares of Cheniere Energy by 9.6% during the 3rd quarter. Kingswood Wealth Advisors LLC now owns 13,737 shares of the energy company’s stock worth $3,228,000 after purchasing an additional 1,200 shares during the last quarter. Benjamin Edwards Inc. raised its holdings in Cheniere Energy by 23.0% in the third quarter. Benjamin Edwards Inc. now owns 6,217 shares of the energy company’s stock worth $1,461,000 after purchasing an additional 1,162 shares in the last quarter. United Asset Strategies Inc. lifted its position in shares of Cheniere Energy by 1.4% during the third quarter. United Asset Strategies Inc. now owns 30,683 shares of the energy company’s stock valued at $7,210,000 after buying an additional 431 shares during the last quarter. HB Wealth Management LLC boosted its holdings in shares of Cheniere Energy by 49.4% in the 3rd quarter. HB Wealth Management LLC now owns 4,565 shares of the energy company’s stock valued at $1,073,000 after buying an additional 1,509 shares in the last quarter. Finally, Strategic Blueprint LLC grew its position in shares of Cheniere Energy by 2.9% in the 3rd quarter. Strategic Blueprint LLC now owns 30,157 shares of the energy company’s stock worth $7,086,000 after buying an additional 856 shares during the last quarter. 87.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on LNG shares. BMO Capital Markets reissued an “outperform” rating and set a $254.00 target price on shares of Cheniere Energy in a research report on Wednesday, December 17th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $278.00 price target (up from $275.00) on shares of Cheniere Energy in a research report on Friday, October 24th. Zacks Research cut Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Bank of America dropped their target price on Cheniere Energy from $274.00 to $271.00 and set a “buy” rating on the stock in a research note on Thursday, December 11th. Finally, Jefferies Financial Group set a $290.00 price target on Cheniere Energy in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $267.53.

Insider Buying and Selling

In other Cheniere Energy news, Director W Benjamin Moreland purchased 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The shares were bought at an average price of $208.22 per share, for a total transaction of $1,041,100.00. Following the acquisition, the director owned 9,856 shares in the company, valued at $2,052,216.32. This represents a 102.97% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.26% of the stock is currently owned by corporate insiders.

Cheniere Energy Price Performance

Shares of LNG opened at $196.41 on Friday. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.94 and a quick ratio of 0.81. The company’s fifty day moving average price is $201.40 and its 200-day moving average price is $222.03. Cheniere Energy, Inc. has a 1-year low of $186.20 and a 1-year high of $257.65. The firm has a market capitalization of $42.28 billion, a PE ratio of 10.94, a price-to-earnings-growth ratio of 6.30 and a beta of 0.26.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Wednesday, October 29th. The energy company reported $4.75 EPS for the quarter, topping analysts’ consensus estimates of $2.75 by $2.00. The company had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.87 billion. Cheniere Energy had a return on equity of 37.52% and a net margin of 21.12%.The firm’s revenue was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $3.93 EPS. On average, equities research analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 18th. Investors of record on Friday, November 7th were issued a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.1%. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, November 7th. Cheniere Energy’s dividend payout ratio is presently 12.37%.

Cheniere Energy Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.