Cheniere Energy, Inc. $LNG Shares Purchased by SevenBridge Financial Group LLC

SevenBridge Financial Group LLC increased its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 1,170.0% during the first quarter, Holdings Channel reports. The institutional investor owned 12,535 shares of the energy company’s stock after acquiring an additional 11,548 shares during the period. SevenBridge Financial Group LLC’s holdings in Cheniere Energy were worth $3,557,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Signal Advisors Wealth LLC increased its holdings in Cheniere Energy by 2.9% in the first quarter. Signal Advisors Wealth LLC now owns 1,497 shares of the energy company’s stock valued at $425,000 after buying an additional 42 shares in the last quarter. Ameriflex Group Inc. lifted its position in shares of Cheniere Energy by 7.3% during the 3rd quarter. Ameriflex Group Inc. now owns 688 shares of the energy company’s stock valued at $162,000 after acquiring an additional 47 shares during the period. Quest Investment Management LLC boosted its stake in shares of Cheniere Energy by 6.1% during the 3rd quarter. Quest Investment Management LLC now owns 875 shares of the energy company’s stock worth $206,000 after acquiring an additional 50 shares in the last quarter. Aviso Wealth Management boosted its stake in shares of Cheniere Energy by 2.1% during the 4th quarter. Aviso Wealth Management now owns 2,489 shares of the energy company’s stock worth $484,000 after acquiring an additional 50 shares in the last quarter. Finally, Keel Point LLC grew its holdings in shares of Cheniere Energy by 5.2% in the 3rd quarter. Keel Point LLC now owns 1,111 shares of the energy company’s stock worth $261,000 after acquiring an additional 55 shares during the period. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently weighed in on LNG shares. Bank of America raised their price objective on Cheniere Energy from $296.00 to $322.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Wolfe Research reiterated an “outperform” rating and set a $300.00 target price on shares of Cheniere Energy in a research report on Tuesday, June 2nd. TD Cowen upped their target price on Cheniere Energy from $265.00 to $270.00 and gave the company a “buy” rating in a report on Monday, May 11th. Royal Bank Of Canada raised their price target on Cheniere Energy from $286.00 to $300.00 and gave the company an “outperform” rating in a research report on Tuesday, April 14th. Finally, Weiss Ratings lowered shares of Cheniere Energy from a “buy (b)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Cheniere Energy currently has a consensus rating of “Moderate Buy” and an average target price of $297.71.

Cheniere Energy Trading Up 0.8%

Cheniere Energy stock opened at $243.61 on Tuesday. The stock has a market cap of $51.05 billion and a PE ratio of 40.07. The stock has a 50-day moving average price of $243.15 and a 200 day moving average price of $233.54. Cheniere Energy, Inc. has a 52 week low of $186.20 and a 52 week high of $300.89. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 2.55.

Cheniere Energy (NYSE:LNG) last released its earnings results on Wednesday, May 6th. The energy company reported ($16.65) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.25 by ($20.90). The firm had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.69 billion. Cheniere Energy had a net margin of 7.23% and a return on equity of 38.95%. Cheniere Energy’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the company posted $1.57 earnings per share. Equities research analysts predict that Cheniere Energy, Inc. will post 14.93 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Monday, May 11th were given a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, May 11th. Cheniere Energy’s payout ratio is currently 36.51%.

Cheniere Energy Company 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.