Ieq Capital LLC Decreases Stock Position in Cheniere Energy, Inc. (NYSEAMERICAN:LNG)

Posted by Defense World Staff on Jul 24th, 2023

Ieq Capital LLC lowered its stake in Cheniere Energy, Inc. (NYSEAMERICAN:LNG – Free Report) by 22.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,831 shares of the energy company’s stock after selling 1,126 shares during the period. Ieq Capital LLC’s holdings in Cheniere Energy were worth $604,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of LNG. BDO Wealth Advisors LLC purchased a new position in Cheniere Energy during the 4th quarter valued at about $30,000. Princeton Global Asset Management LLC purchased a new position in Cheniere Energy during the 1st quarter valued at about $30,000. Accel Wealth Management increased its holdings in Cheniere Energy by 100.0% during the 1st quarter. Accel Wealth Management now owns 200 shares of the energy company’s stock valued at $32,000 after purchasing an additional 100 shares during the period. Ridgewood Investments LLC purchased a new position in Cheniere Energy during the 1st quarter valued at about $32,000. Finally, Hollencrest Capital Management purchased a new position in shares of Cheniere Energy during the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 83.36% of the company’s stock.

Cheniere Energy Trading Up 0.9 %

Shares of LNG stock opened at $158.18 on Monday. Cheniere Energy, Inc. has a 52-week low of $133.04 and a 52-week high of $182.35. The company has a debt-to-equity ratio of 4.40, a quick ratio of 1.30 and a current ratio of 1.43. The firm has a market capitalization of $38.43 billion, a PE ratio of 5.06, a PEG ratio of 0.35 and a beta of 1.01. The stock has a fifty day simple moving average of $150.10 and a two-hundred day simple moving average of $152.67.

Cheniere Energy (NYSEAMERICAN:LNG – Get Free Report) last released its quarterly earnings data on Tuesday, May 2nd. The energy company reported $6.89 EPS for the quarter, beating the consensus estimate 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. On average, analysts predict that Cheniere Energy, Inc. will post 15.13 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. Investors of record on Wednesday, May 10th were issued a $0.395 dividend. This represents a $1.58 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Tuesday, May 9th. Cheniere Energy’s payout ratio is 5.06%.

Analysts Set New Price Targets

LNG has been the topic of a number of analyst reports. Raymond James dropped their price target on Cheniere Energy from $205.00 to $200.00 and set a “strong-buy” rating on the stock in a research report on Friday, April 21st. Royal Bank of Canada dropped their price target on Cheniere Energy from $205.00 to $200.00 and set an “outperform” rating on the stock in a research report on Monday, April 3rd. StockNews.com initiated coverage on Cheniere Energy in a research report on Thursday, May 18th. They issued a “strong-buy” rating on the stock. Mizuho dropped their price target on Cheniere Energy from $200.00 to $187.00 in a research report on Thursday, June 22nd. Finally, TheStreet raised Cheniere Energy from a “c+” rating to a “b” rating in a research report on Wednesday, May 3rd. Ten equities research analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $201.00.

Cheniere Energy Profile

(Free Report)

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.