Kestra Investment Management LLC Purchases New Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Kestra Investment Management LLC acquired a new position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,147 shares of the energy company's stock, valued at approximately $461,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Miracle Mile Advisors LLC purchased a new position in Cheniere Energy during the 4th quarter valued at about $2,127,000. Fractal Investments LLC grew its position in Cheniere Energy by 31.0% in the fourth quarter. Fractal Investments LLC now owns 59,200 shares of the energy company's stock valued at $12,720,000 after acquiring an additional 14,000 shares during the period. Anderson Hoagland & Co. acquired a new position in Cheniere Energy in the fourth quarter worth $2,460,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Cheniere Energy by 31.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,664 shares of the energy company's stock worth $7,812,000 after purchasing an additional 8,756 shares in the last quarter. Finally, Insight Wealth Strategies LLC acquired a new position in shares of Cheniere Energy during the fourth quarter valued at $4,455,000. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Stock Performance

Shares of NYSE:LNG traded down $5.91 during midday trading on Friday, hitting $221.01. The company had a trading volume of 1,521,681 shares, compared to its average volume of 2,394,425. 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 cap of $49.59 billion, a price-to-earnings ratio of 14.11 and a beta of 0.98. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $257.65. The company has a fifty day moving average of $222.92 and a two-hundred day moving average of $203.27.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The energy company reported $4.33 EPS for the quarter, beating analysts' consensus estimates of $2.74 by $1.59. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The firm had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.44 billion. On average, equities research analysts expect that Cheniere Energy, Inc. will post 12.77 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.90%. Cheniere Energy's dividend payout ratio is presently 12.77%.

Analysts Set New Price Targets

Several research firms have weighed in on LNG. The Goldman Sachs Group increased their target price on Cheniere Energy from $234.00 to $261.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. Stifel Nicolaus boosted their price target on Cheniere Energy from $237.00 to $255.00 and gave the stock a "buy" rating in a research report on Friday. Barclays boosted their price target on Cheniere Energy from $202.00 to $253.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Morgan Stanley lifted their target price on Cheniere Energy from $195.00 to $255.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. Finally, Wells Fargo & Company boosted their price target on Cheniere Energy from $213.00 to $235.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $235.75.

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.