Sagespring Wealth Partners LLC Invests $210,000 in Cheniere Energy, Inc. (NYSE:LNG)

Sagespring Wealth Partners LLC purchased a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG) in the fourth quarter, Holdings Channel.com reports. The fund purchased 976 shares of the energy company’s stock, valued at approximately $210,000.

Several other institutional investors have also recently bought and sold shares of the business. Townsquare Capital LLC raised its holdings in shares of Cheniere Energy by 29.9% in the fourth quarter. Townsquare Capital LLC now owns 4,944 shares of the energy company’s stock valued at $1,062,000 after buying an additional 1,139 shares during the last quarter. Qtron Investments LLC raised its stake in shares of Cheniere Energy by 19.3% in the fourth quarter. Qtron Investments LLC now owns 6,874 shares of the energy company’s stock worth $1,477,000 after acquiring an additional 1,114 shares during the last quarter. Philadelphia Trust Co. grew its stake in shares of Cheniere Energy by 46.9% during the fourth quarter. Philadelphia Trust Co. now owns 1,770 shares of the energy company’s stock valued at $380,000 after purchasing an additional 565 shares during the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Cheniere Energy by 11.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 205,259 shares of the energy company’s stock valued at $44,053,000 after purchasing an additional 21,629 shares during the last quarter. Finally, Sterling Capital Management LLC increased its holdings in shares of Cheniere Energy by 256.0% in the fourth quarter. Sterling Capital Management LLC now owns 22,936 shares of the energy company’s stock valued at $4,928,000 after purchasing an additional 16,493 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

LNG stock opened at $231.52 on Friday. Cheniere Energy, Inc. has a 1-year low of $153.03 and a 1-year high of $257.65. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The firm has a market cap of $51.59 billion, a PE ratio of 16.27 and a beta of 0.67. The business’s 50-day moving average price is $219.97 and its two-hundred day moving average price is $214.56.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 earnings per share for the quarter, beating the consensus estimate of $2.74 by $1.59. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The business had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.44 billion. As a group, research analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.86%. The ex-dividend date was Friday, February 7th. Cheniere Energy’s dividend payout ratio (DPR) is presently 14.05%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on LNG shares. Mizuho increased their price objective on Cheniere Energy from $248.00 to $254.00 and gave the company an “outperform” rating in a research report on Tuesday, March 18th. UBS Group reiterated a “buy” rating and issued a $277.00 price target on shares of Cheniere Energy in a report on Tuesday, March 18th. TD Cowen boosted their price objective on Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Stifel Nicolaus raised their target price on shares of Cheniere Energy from $237.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Finally, StockNews.com raised shares of Cheniere Energy from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Fifteen equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $245.77.

Insider Buying and Selling

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the completion of the transaction, the director now owns 33,934 shares in the company, valued at approximately $7,448,852.34. This represents a 20.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.29% of the stock is currently owned by company insiders.

About Cheniere Energy

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.