Chicago Partners Investment Group LLC Increases Stake in Cheniere Energy, Inc. (NYSE:LNG)

Chicago Partners Investment Group LLC boosted its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 0.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 25,632 shares of the energy company’s stock after purchasing an additional 226 shares during the quarter. Chicago Partners Investment Group LLC’s holdings in Cheniere Energy were worth $5,772,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in LNG. MassMutual Private Wealth & Trust FSB raised its position in shares of Cheniere Energy by 170.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock worth $26,000 after acquiring an additional 75 shares during the period. Moisand Fitzgerald Tamayo LLC purchased a new position in Cheniere Energy during the third quarter worth about $27,000. Capital Performance Advisors LLP purchased a new position in Cheniere Energy in the third quarter worth approximately $28,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Cheniere Energy during the 2nd quarter worth $30,000. Finally, Adirondack Trust Co. acquired a new stake in shares of Cheniere Energy during the fourth quarter valued at about $43,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on LNG shares. Morgan Stanley upped their price target on Cheniere Energy from $195.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday. Scotiabank boosted their target price on Cheniere Energy from $242.00 to $247.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 21st. The Goldman Sachs Group lifted their price target on Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. TD Cowen upped their price target on shares of Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Finally, Stifel Nicolaus upped their price objective on Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, Cheniere Energy has an average rating of “Moderate Buy” and an average target price of $234.25.

Cheniere Energy Stock Performance

NYSE LNG opened at $223.71 on Friday. The business has a 50 day moving average price of $223.13 and a 200 day moving average price of $199.04. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. The company has a market capitalization of $50.19 billion, a P/E ratio of 14.29 and a beta of 0.99. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $257.65.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $2.06. The company had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The firm’s quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.37 earnings per share. Sell-side analysts expect that Cheniere Energy, Inc. will post 12.67 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $2.00 annualized dividend and a dividend yield of 0.89%. Cheniere Energy’s dividend payout ratio is currently 12.77%.

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.