Allworth Financial LP decreased its position in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG – Free Report) by 8.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,950 shares of the energy company’s stock after selling 864 shares during the period. Allworth Financial LP’s holdings in Cheniere Energy were worth $1,568,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LNG. Optimum Investment Advisors grew its holdings in Cheniere Energy by 133.3% during the 4th quarter. Optimum Investment Advisors now owns 175 shares of the energy company’s stock valued at $26,000 after buying an additional 100 shares in the last quarter. BDO Wealth Advisors LLC purchased a new stake in Cheniere Energy during the 4th quarter valued at approximately $30,000. Point72 Hong Kong Ltd purchased a new stake in Cheniere Energy during the 3rd quarter valued at approximately $36,000. Godsey & Gibb Inc. purchased a new stake in Cheniere Energy during the 4th quarter valued at approximately $37,000. Finally, Hollencrest Capital Management purchased a new stake in Cheniere Energy during the 4th quarter valued at approximately $40,000. Institutional investors own 83.36% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms recently weighed in on LNG. StockNews.com began coverage on shares of Cheniere Energy in a report on Thursday, May 18th. They issued a “strong-buy” rating for the company. TheStreet raised shares of Cheniere Energy from a “c+” rating to a “b” rating in a report on Wednesday, May 3rd. Raymond James dropped their price objective on shares of Cheniere Energy from $205.00 to $200.00 and set a “strong-buy” rating for the company in a research note on Friday, April 21st. Wells Fargo & Company dropped their price objective on shares of Cheniere Energy from $236.00 to $230.00 and set an “overweight” rating for the company in a research note on Tuesday, March 7th. Finally, Mizuho dropped their price objective on shares of Cheniere Energy from $200.00 to $187.00 in a research note on Thursday, June 22nd. Ten research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $201.00.
Cheniere Energy Stock Performance
Cheniere Energy (NYSEAMERICAN:LNG – Free Report) last announced its earnings results on Tuesday, May 2nd. The energy company reported $6.89 EPS for the quarter, topping analysts’ consensus estimates of $5.96 by $0.93. Cheniere Energy had a net margin of 23.24% and a negative return on equity of 13,004.16%. The business had revenue of $7.31 billion during the quarter, compared to the consensus estimate of $6.58 billion. Research analysts expect that Cheniere Energy, Inc. will post 15.07 EPS for the current fiscal year.
Cheniere Energy Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 17th. Stockholders of record on Wednesday, May 10th were paid a dividend of $0.395 per share. The ex-dividend date was Tuesday, May 9th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 1.04%. Cheniere Energy’s payout ratio is 5.06%.
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 pipeline interconnecting the Sabine Pass LNG terminal with various interstate 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.
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