Tranquility Partners LLC Raises Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Tranquility Partners LLC increased its position in Cheniere Energy, Inc. (NYSE:LNG) by 6.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 4,283 shares of the energy company’s stock after purchasing an additional 275 shares during the period. Tranquility Partners LLC’s holdings in Cheniere Energy were worth $731,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in LNG. HHM Wealth Advisors LLC purchased a new position in shares of Cheniere Energy in the third quarter worth $25,000. Strategic Investment Solutions Inc. IL bought a new stake in Cheniere Energy in the first quarter valued at $27,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in Cheniere Energy by 203.4% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 176 shares of the energy company’s stock valued at $29,000 after acquiring an additional 118 shares in the last quarter. OFI Invest Asset Management bought a new stake in Cheniere Energy in the third quarter valued at $40,000. Finally, Geneos Wealth Management Inc. boosted its holdings in Cheniere Energy by 48.1% in the third quarter. Geneos Wealth Management Inc. now owns 274 shares of the energy company’s stock valued at $45,000 after acquiring an additional 89 shares in the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on LNG. Barclays lifted their price target on shares of Cheniere Energy from $192.00 to $194.00 and gave the company an “overweight” rating in a report on Wednesday, January 17th. TD Cowen cut their price target on shares of Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating on the stock in a report on Tuesday, February 27th. StockNews.com cut shares of Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, April 8th. Finally, Redburn Atlantic began coverage on shares of Cheniere Energy in a report on Tuesday. They issued a “neutral” rating and a $162.00 price target on the stock. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Cheniere Energy has a consensus rating of “Moderate Buy” and an average target price of $193.30.

Cheniere Energy Trading Up 1.6 %

NYSE:LNG traded up $2.54 during mid-day trading on Wednesday, reaching $156.81. The company’s stock had a trading volume of 1,649,093 shares, compared to its average volume of 1,894,831. Cheniere Energy, Inc. has a 12-month low of $135.30 and a 12-month high of $183.46. The firm’s fifty day simple moving average is $158.34. The company has a current ratio of 1.63, a quick ratio of 1.51 and a debt-to-equity ratio of 2.59. The stock has a market capitalization of $36.80 billion, a PE ratio of 3.87 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Thursday, February 22nd. The energy company reported $5.76 EPS for the quarter, beating the consensus estimate of $2.70 by $3.06. Cheniere Energy had a net margin of 48.45% and a return on equity of 69.52%. The firm had revenue of $4.82 billion during the quarter, compared to analyst estimates of $4.37 billion. During the same quarter in the prior year, the firm earned $15.78 EPS. The business’s revenue for the quarter was down 46.9% compared to the same quarter last year. Analysts predict that Cheniere Energy, Inc. will post 8.39 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Tuesday, February 6th were given a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a dividend yield of 1.11%. The ex-dividend date was Monday, February 5th. Cheniere Energy’s payout ratio is currently 4.30%.

Cheniere Energy Profile

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 natural gas supply pipeline that interconnects the Sabine Pass LNG Terminal with several interstate and intrastate 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.