Pines Wealth Management LLC Takes Position in Cheniere Energy, Inc. (NYSE:LNG)

Pines Wealth Management LLC bought a new position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 1,590 shares of the energy company's stock, valued at approximately $358,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Cheniere Energy in the 3rd quarter valued at about $27,000. Carolinas Wealth Consulting LLC grew its holdings in shares of Cheniere Energy by 5,000.0% during the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company's stock worth $27,000 after buying an additional 150 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in Cheniere Energy in the 3rd quarter valued at approximately $28,000. Strategic Investment Solutions Inc. IL acquired a new position in Cheniere Energy during the 2nd quarter worth approximately $30,000. Finally, ORG Wealth Partners LLC bought a new position in shares of Cheniere Energy during the 3rd quarter worth approximately $53,000. 87.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Scotiabank assumed coverage on shares of Cheniere Energy in a research report on Friday, January 10th. They issued a "sector outperform" rating and a $242.00 price objective on the stock. Bank of America started coverage on shares of Cheniere Energy in a research note on Thursday, October 17th. They set a "buy" rating and a $215.00 price objective for the company. Royal Bank of Canada lifted their target price on Cheniere Energy from $201.00 to $217.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. Stifel Nicolaus increased their price target on Cheniere Energy from $204.00 to $237.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. Finally, Wells Fargo & Company boosted their price target on Cheniere Energy from $213.00 to $235.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, Cheniere Energy presently has a consensus rating of "Moderate Buy" and a consensus target price of $231.18.

Cheniere Energy Stock Performance

LNG traded up $7.88 during trading hours on Thursday, reaching $253.76. The company's stock had a trading volume of 2,014,988 shares, compared to its average volume of 1,834,509. The company's 50-day moving average is $216.82 and its 200-day moving average is $194.00. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $254.20. The firm has a market cap of $56.94 billion, a PE ratio of 16.20 and a beta of 0.99. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, beating the consensus estimate of $1.87 by $2.06. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The company's revenue was down 9.5% on a year-over-year basis. During the same period in the prior year, the firm earned $2.37 earnings per share. On average, equities analysts forecast that Cheniere Energy, Inc. will post 12.66 EPS for the current year.

Cheniere Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.79%. The ex-dividend date was Friday, November 8th. Cheniere Energy's payout ratio is 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.