First Heartland Consultants Inc. Buys Shares of 1,698 Cheniere Energy, Inc. (NYSEAMERICAN:LNG)

Posted by on Mar 24th, 2023

First Heartland Consultants Inc. bought a new stake in Cheniere Energy, Inc. (NYSEAMERICAN:LNG – Get Rating) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,698 shares of the energy company’s stock, valued at approximately $255,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Cooper Financial Group lifted its stake in Cheniere Energy by 5.0% in the fourth quarter. Cooper Financial Group now owns 6,838 shares of the energy company’s stock valued at $1,025,000 after buying an additional 323 shares during the last quarter. Harbour Capital Advisors LLC increased its holdings in shares of Cheniere Energy by 3.2% during the fourth quarter. Harbour Capital Advisors LLC now owns 7,362 shares of the energy company’s stock valued at $1,035,000 after purchasing an additional 226 shares during the period. Allworth Financial LP increased its holdings in shares of Cheniere Energy by 61.8% during the fourth quarter. Allworth Financial LP now owns 10,814 shares of the energy company’s stock valued at $1,622,000 after purchasing an additional 4,130 shares during the period. Transform Wealth LLC acquired a new position in shares of Cheniere Energy during the fourth quarter valued at $2,338,000. Finally, Valley National Advisers Inc. increased its holdings in shares of Cheniere Energy by 12.5% during the fourth quarter. Valley National Advisers Inc. now owns 684 shares of the energy company’s stock valued at $102,000 after purchasing an additional 76 shares during the period. 84.25% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Cheniere Energy news, Director Vicky A. Bailey sold 2,700 shares of the company’s stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $141.50, for a total transaction of $382,050.00. Following the completion of the sale, the director now owns 33,862 shares of the company’s stock, valued at $4,791,473. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Raymond James lowered their target price on Cheniere Energy from $210.00 to $205.00 and set a “strong-buy” rating on the stock in a report on Monday, January 23rd. Cowen lowered their target price on Cheniere Energy from $195.00 to $185.00 and set an “outperform” rating on the stock in a report on Friday, January 20th. Citigroup lowered their target price on Cheniere Energy from $205.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, January 9th. Mizuho lifted their target price on Cheniere Energy from $195.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 24th. Finally, Scotiabank assumed coverage on Cheniere Energy in a research note on Thursday, March 2nd. They issued a “sector outperform” rating and a $194.00 price target on the stock. Ten research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of $201.62.

Cheniere Energy Trading Down 0.5 %

Shares of NYSEAMERICAN LNG opened at $146.65 on Friday. The company has a market cap of $36.47 billion, a PE ratio of -9.60 and a beta of 1.00. The firm has a 50 day moving average price of $154.60. Cheniere Energy, Inc. has a 52 week low of $120.09 and a 52 week high of $182.35.

Cheniere Energy (NYSEAMERICAN:LNG – Get Rating) last announced its quarterly earnings results on Thursday, February 23rd. The energy company reported $15.78 EPS for the quarter, beating the consensus estimate of $7.08 by $8.70. The business had revenue of $9.09 billion during the quarter, compared to analysts’ expectations of $8.04 billion. Cheniere Energy had a negative return on equity of 249.96% and a negative net margin of 12.40%. The firm’s quarterly revenue was up 42.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($5.22) EPS. Analysts predict that Cheniere Energy, Inc. will post -7.54 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 27th. Shareholders of record on Tuesday, February 7th were given a dividend of $0.395 per share. The ex-dividend date of this dividend was Monday, February 6th. This represents a $1.58 dividend on an annualized basis and a yield of 1.08%. Cheniere Energy’s payout ratio is currently -10.35%.

Cheniere Energy Profile

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Cheniere Energy, Inc engages in liquefied natural gas (LNG) related businesses. It owns and operates LNG terminals, develops, constructs, and operates liquefaction projects near Corpus Christi, Texas, and at the Sabine Pass LNG terminal. The company was founded by Charif Souki in 1996 and is headquartered in Houston, TX.

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Institutional Ownership by Quarter for Cheniere Energy (NYSEAMERICAN:LNG)

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