IHT Wealth Management LLC Acquires New Holdings in Cheniere Energy, Inc. (NYSE:LNG)

IHT Wealth Management LLC bought a new position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,676 shares of the energy company's stock, valued at approximately $841,000.

A number of other institutional investors have also recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC grew its stake in shares of Cheniere Energy by 215.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 62,551 shares of the energy company's stock valued at $10,936,000 after purchasing an additional 42,737 shares during the period. M&G PLC boosted its stake in Cheniere Energy by 21.0% in the 3rd quarter. M&G PLC now owns 268,834 shares of the energy company's stock valued at $48,390,000 after buying an additional 46,602 shares in the last quarter. Jennison Associates LLC boosted its stake in Cheniere Energy by 2.9% in the 3rd quarter. Jennison Associates LLC now owns 1,324,360 shares of the energy company's stock valued at $238,173,000 after buying an additional 37,729 shares in the last quarter. Victory Capital Management Inc. grew its position in Cheniere Energy by 2.5% in the third quarter. Victory Capital Management Inc. now owns 113,635 shares of the energy company's stock valued at $20,436,000 after acquiring an additional 2,768 shares during the period. Finally, Nwam LLC acquired a new position in Cheniere Energy during the third quarter worth $2,747,000. Institutional investors and hedge funds own 87.26% of the company's stock.

Cheniere Energy Trading Down 1.8 %

Shares of NYSE LNG traded down $3.99 during mid-day trading on Friday, hitting $221.93. The company's stock had a trading volume of 1,286,273 shares, compared to its average volume of 1,638,297. Cheniere Energy, Inc. has a one year low of $152.31 and a one year high of $228.10. The company's fifty day simple moving average is $199.45 and its 200-day simple moving average is $182.68. 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 stock has a market cap of $49.79 billion, a price-to-earnings ratio of 14.17 and a beta of 0.97.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.87 by $2.06. The firm had revenue of $3.76 billion for the quarter, compared to analysts' expectations of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The business's revenue for the quarter was down 9.5% on a year-over-year basis. During the same period last year, the firm earned $2.37 earnings per share. On average, sell-side analysts anticipate that Cheniere Energy, Inc. will post 11.25 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.90%. Cheniere Energy's dividend payout ratio (DPR) is presently 12.77%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on LNG shares. TD Cowen boosted their target price on shares of Cheniere Energy from $202.00 to $242.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Barclays boosted their price target on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an "overweight" rating in a research report on Tuesday, October 15th. Bank of America started coverage on shares of Cheniere Energy in a report on Thursday, October 17th. They set a "buy" rating and a $215.00 price objective for the company. UBS Group lifted their target price on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a "buy" rating in a research note on Friday, November 15th. 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 research report on Wednesday, October 16th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $216.56.

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.