Cheniere Energy, Inc. (NYSEAMERICAN:LNG) Shares Sold by AE Wealth Management LLC

Posted by Defense World Staff on Sep 22nd, 2023

AE Wealth Management LLC lowered its stake in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG – Free Report) by 0.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 24,072 shares of the energy company’s stock after selling 176 shares during the quarter. AE Wealth Management LLC’s holdings in Cheniere Energy were worth $3,668,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Mather Group LLC. grew its stake in Cheniere Energy by 4.9% during the 1st quarter. Mather Group LLC. now owns 2,164 shares of the energy company’s stock worth $341,000 after buying an additional 101 shares during the last quarter. MQS Management LLC acquired a new position in shares of Cheniere Energy in the 1st quarter valued at $224,000. Avidian Wealth Solutions LLC purchased a new stake in Cheniere Energy in the 1st quarter valued at $215,000. Dark Forest Capital Management LP acquired a new stake in Cheniere Energy during the 1st quarter worth $1,086,000. Finally, Edge Capital Group LLC grew its position in Cheniere Energy by 21.6% during the 1st quarter. Edge Capital Group LLC now owns 1,621 shares of the energy company’s stock worth $255,000 after purchasing an additional 288 shares during the last quarter. Hedge funds and other institutional investors own 85.86% of the company’s stock.

Cheniere Energy Stock Down 1.7 %

Shares of NYSEAMERICAN:LNG opened at $158.72 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.33 and a debt-to-equity ratio of 3.60. The company has a market capitalization of $38.19 billion, a P/E ratio of 4.68, a P/E/G ratio of 0.33 and a beta of 1.02. Cheniere Energy, Inc. has a 52-week low of $135.00 and a 52-week high of $182.35. The stock’s fifty day simple moving average is $153.52 and its 200-day simple moving average is $152.25.

Cheniere Energy (NYSEAMERICAN:LNG – Get Free Report) last posted its quarterly earnings data on Thursday, August 3rd. The energy company reported $5.61 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $2.80. Cheniere Energy had a net margin of 28.47% and a return on equity of 481.80%. The business had revenue of $4.10 billion during the quarter, compared to analyst estimates of $4.25 billion. During the same quarter in the previous year, the business posted $2.90 earnings per share. The company’s revenue was down 48.8% on a year-over-year basis. As a group, equities research analysts forecast that Cheniere Energy, Inc. will post 16.65 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 16th. Stockholders of record on Wednesday, August 9th were paid a dividend of $0.395 per share. This represents a $1.58 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend was Tuesday, August 8th. Cheniere Energy’s dividend payout ratio is currently 4.65%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on LNG shares. Capital One Financial assumed coverage on Cheniere Energy in a research note on Wednesday, September 6th. They issued an “overweight” rating and a $200.00 target price on the stock. Mizuho lowered their target price on shares of Cheniere Energy from $200.00 to $187.00 in a report on Thursday, June 22nd. Wells Fargo & Company lowered their target price on shares of Cheniere Energy from $230.00 to $222.00 in a report on Tuesday, August 8th. Bank of America lifted their target price on shares of Cheniere Energy from $172.00 to $194.00 and gave the company a “buy” rating in a report on Thursday, September 14th. Finally, StockNews.com initiated coverage on shares of Cheniere Energy in a report on Saturday, August 19th. They issued a “strong-buy” rating on the stock. Eleven investment analysts have rated the stock with a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $199.50.

Read Our Latest Report on LNG

Cheniere Energy Company 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.