Parsons Capital Management Inc. RI Has $1.64 Million Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Parsons Capital Management Inc. RI lifted its holdings in shares of Cheniere Energy, Inc. (NYSE:LNGFree Report) by 1.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,575 shares of the energy company’s stock after purchasing an additional 100 shares during the quarter. Parsons Capital Management Inc. RI’s holdings in Cheniere Energy were worth $1,635,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Rheos Capital Works Inc. acquired a new position in shares of Cheniere Energy during the 4th quarter worth $8,894,000. Banco Santander S.A. boosted its holdings in shares of Cheniere Energy by 54.4% during the 3rd quarter. Banco Santander S.A. now owns 22,267 shares of the energy company’s stock worth $3,695,000 after buying an additional 7,845 shares during the period. Choate Investment Advisors bought a new stake in shares of Cheniere Energy during the 3rd quarter worth $295,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Cheniere Energy by 5.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 557,350 shares of the energy company’s stock worth $92,498,000 after buying an additional 26,406 shares during the period. Finally, SCP Investment LP boosted its holdings in shares of Cheniere Energy by 111.1% during the 3rd quarter. SCP Investment LP now owns 3,800 shares of the energy company’s stock worth $631,000 after buying an additional 2,000 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. TD Cowen decreased their price objective on shares of Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating for the company in a report on Tuesday, February 27th. Mizuho upped their price objective on shares of Cheniere Energy from $187.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, December 15th. StockNews.com raised shares of Cheniere Energy from a “hold” rating to a “buy” rating in a report on Thursday, March 28th. Finally, Barclays upped their price objective on shares of Cheniere Energy from $192.00 to $194.00 and gave the stock an “overweight” rating in a report on Wednesday, January 17th. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $197.10.

Check Out Our Latest Stock Report on LNG

Cheniere Energy Stock Performance

Shares of NYSE LNG traded down $0.14 during trading on Tuesday, reaching $159.19. The company had a trading volume of 413,769 shares, compared to its average volume of 1,931,297. 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 cap of $37.36 billion, a PE ratio of 3.93, a PEG ratio of 0.70 and a beta of 0.94. The business’s 50 day moving average is $162.20. Cheniere Energy, Inc. has a 52 week low of $135.30 and a 52 week high of $183.46.

Cheniere Energy (NYSE:LNGGet Free Report) last posted its quarterly earnings results on Thursday, February 22nd. The energy company reported $5.76 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $3.06. The business had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $4.37 billion. Cheniere Energy had a net margin of 48.45% and a return on equity of 69.52%. Cheniere Energy’s revenue for the quarter was down 46.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $15.78 earnings per share. Equities analysts anticipate that Cheniere Energy, Inc. will post 8.98 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Tuesday, February 6th were issued a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date was Monday, February 5th. Cheniere Energy’s dividend payout ratio is currently 4.30%.

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 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.

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

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