Genesis Private Wealth LLC Makes New $240,000 Investment in Cheniere Energy, Inc. (NYSE:LNG)

Genesis Private Wealth LLC bought a new stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,116 shares of the energy company's stock, valued at approximately $240,000.

Several other large investors have also recently bought and sold shares of LNG. Bank of New York Mellon Corp acquired a new stake in Cheniere Energy during the 2nd quarter worth approximately $441,000. XTX Topco Ltd acquired a new position in shares of Cheniere Energy during the second quarter worth $210,000. AE Wealth Management LLC bought a new stake in shares of Cheniere Energy in the second quarter worth $490,000. Summit Trail Advisors LLC acquired a new stake in Cheniere Energy in the second quarter valued at $300,000. Finally, Gabelli Funds LLC raised its position in Cheniere Energy by 90.3% during the 2nd quarter. Gabelli Funds LLC now owns 5,900 shares of the energy company's stock worth $1,031,000 after purchasing an additional 2,800 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LNG. The Goldman Sachs Group increased their target price on shares of Cheniere Energy from $234.00 to $261.00 and gave the company a "buy" rating in a research report on Thursday, December 19th. TD Cowen lifted their price objective on Cheniere Energy from $202.00 to $242.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. UBS Group upped their target price on Cheniere Energy from $232.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Stifel Nicolaus lifted their target price on Cheniere Energy from $204.00 to $237.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. Finally, Royal Bank of Canada increased their price target on Cheniere Energy from $201.00 to $217.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $231.64.

Cheniere Energy Stock Down 6.5 %

NYSE LNG traded down $16.16 during trading hours on Wednesday, hitting $233.47. The company's stock had a trading volume of 4,047,456 shares, compared to its average volume of 2,200,026. 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 company's 50-day simple moving average is $221.23 and its two-hundred day simple moving average is $196.72. The company has a market capitalization of $52.38 billion, a PE ratio of 14.91 and a beta of 0.99. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its earnings results 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 company had revenue of $3.76 billion for the quarter, compared to analysts' expectations of $3.76 billion. During the same quarter in the previous year, the firm earned $2.37 earnings per share. Cheniere Energy's quarterly revenue was down 9.5% on a year-over-year basis. Research analysts anticipate that Cheniere Energy, Inc. will post 12.66 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy's dividend payout ratio (DPR) 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.