Insight Wealth Strategies LLC Buys Shares of 20,732 Cheniere Energy, Inc. (NYSE:LNG)

Insight Wealth Strategies LLC bought a new position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,732 shares of the energy company's stock, valued at approximately $4,455,000.

Other institutional investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in shares of Cheniere Energy by 195.1% in the 3rd quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company's stock valued at $755,410,000 after purchasing an additional 2,776,920 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in Cheniere Energy by 1,490.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,957,451 shares of the energy company's stock valued at $342,221,000 after buying an additional 1,834,347 shares in the last quarter. Two Sigma Advisers LP boosted its position in shares of Cheniere Energy by 328.2% during the 3rd quarter. Two Sigma Advisers LP now owns 894,600 shares of the energy company's stock worth $160,885,000 after acquiring an additional 685,662 shares in the last quarter. Darlington Partners Capital Management LP increased its holdings in shares of Cheniere Energy by 74.6% in the 2nd quarter. Darlington Partners Capital Management LP now owns 1,514,155 shares of the energy company's stock valued at $264,720,000 after acquiring an additional 647,096 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in shares of Cheniere Energy by 8.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,270,853 shares of the energy company's stock worth $921,503,000 after acquiring an additional 413,744 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company's stock.

Cheniere Energy Stock Performance

Shares of LNG stock traded up $1.18 during midday trading on Monday, hitting $223.66. The company had a trading volume of 1,458,236 shares, compared to its average volume of 1,667,935. Cheniere Energy, Inc. has a 52-week low of $152.31 and a 52-week high of $228.10. 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's 50 day simple moving average is $211.08 and its 200 day simple moving average is $191.10. The stock has a market cap of $50.18 billion, a price-to-earnings ratio of 14.28 and a beta of 0.99.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, beating analysts' consensus estimates of $1.87 by $2.06. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period last year, the firm posted $2.37 EPS. Cheniere Energy's quarterly revenue was down 9.5% on a year-over-year basis. Research analysts anticipate that Cheniere Energy, Inc. will post 11.25 earnings per share 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 given a $0.50 dividend. The ex-dividend date was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.89%. Cheniere Energy's payout ratio is currently 12.77%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. TD Cowen increased their price target 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. Royal Bank of Canada increased their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. The Goldman Sachs Group boosted their price target 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. Bank of America initiated coverage on Cheniere Energy in a report on Thursday, October 17th. They set a "buy" rating and a $215.00 price objective on the stock. Finally, Barclays boosted their target price on Cheniere Energy from $199.00 to $202.00 and gave the company an "overweight" rating in a report on Tuesday, October 15th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Cheniere Energy presently has a consensus rating of "Moderate Buy" and an average target price of $225.00.

Cheniere Energy Company 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.