Cornerstone Wealth Group LLC Purchases Shares of 1,119 Cheniere Energy, Inc. (NYSE:LNG)

Cornerstone Wealth Group LLC bought a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,119 shares of the energy company's stock, valued at approximately $240,000.

Other large investors have also recently made changes to their positions in the company. XTX Topco Ltd bought a new stake in Cheniere Energy during the 2nd quarter valued at about $210,000. Kathmere Capital Management LLC bought a new position in Cheniere Energy in the 2nd quarter valued at approximately $214,000. Creative Planning bought a new stake in shares of Cheniere Energy in the 2nd quarter worth $276,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Cheniere Energy by 26.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,954 shares of the energy company's stock worth $1,216,000 after purchasing an additional 1,453 shares during the last quarter. Finally, Quarry LP boosted its position in shares of Cheniere Energy by 10.2% during the second quarter. Quarry LP now owns 982 shares of the energy company's stock valued at $172,000 after buying an additional 91 shares during the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on LNG. Royal Bank of Canada raised their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. Barclays raised their target price on Cheniere Energy from $202.00 to $253.00 and gave the stock an "overweight" rating in a research report on Thursday, January 16th. Bank of America started coverage on shares of Cheniere Energy in a research note on Thursday, October 17th. They issued a "buy" rating and a $215.00 price objective on the stock. Stifel Nicolaus boosted their target price on shares of Cheniere Energy from $204.00 to $237.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. Finally, UBS Group increased their price target on shares of Cheniere Energy from $232.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on 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 traded down $6.49 during midday trading on Friday, hitting $223.71. The company's stock had a trading volume of 1,246,797 shares, compared to its average volume of 2,273,757. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $257.65. 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 firm has a market cap of $50.19 billion, a P/E ratio of 14.29 and a beta of 0.99. The firm's 50 day moving average is $223.13 and its 200-day moving average is $199.04.

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 (EPS) for the quarter, beating the consensus estimate of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The business had revenue of $3.76 billion during the quarter, compared to analysts' expectations of $3.76 billion. During the same quarter in the previous year, the firm posted $2.37 EPS. The company's revenue for the quarter was down 9.5% on a year-over-year basis. Equities analysts anticipate that Cheniere Energy, Inc. will post 12.67 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid 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 presently 12.77%.

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.