Miracle Mile Advisors LLC Buys Shares of 9,901 Cheniere Energy, Inc. (NYSE:LNG)

Miracle Mile Advisors LLC bought a new stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,901 shares of the energy company's stock, valued at approximately $2,127,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of LNG. Cooper Financial Group increased its stake in Cheniere Energy by 2.9% in the fourth quarter. Cooper Financial Group now owns 4,429 shares of the energy company's stock valued at $952,000 after purchasing an additional 123 shares during the period. Wedmont Private Capital lifted its position in Cheniere Energy by 10.8% during the 4th quarter. Wedmont Private Capital now owns 2,755 shares of the energy company's stock worth $621,000 after acquiring an additional 269 shares during the period. Kieckhefer Group LLC purchased a new position in shares of Cheniere Energy in the 4th quarter valued at approximately $208,000. Brookstone Capital Management increased its holdings in shares of Cheniere Energy by 13.4% in the fourth quarter. Brookstone Capital Management now owns 1,875 shares of the energy company's stock valued at $403,000 after purchasing an additional 221 shares during the period. Finally, ORG Wealth Partners LLC raised its stake in shares of Cheniere Energy by 512.0% during the fourth quarter. ORG Wealth Partners LLC now owns 1,787 shares of the energy company's stock worth $384,000 after purchasing an additional 1,495 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company's stock.

Cheniere Energy Price Performance

Shares of NYSE:LNG traded up $13.59 during midday trading on Tuesday, hitting $243.03. 3,167,290 shares of the stock were exchanged, compared to its average volume of 1,755,392. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $243.42. 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 has a 50 day moving average price of $216.82 and a 200-day moving average price of $194.00. The stock has a market cap of $54.53 billion, a P/E ratio of 15.52 and a beta of 0.99.

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, topping 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 company 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 business posted $2.37 earnings per share. The firm's quarterly revenue was down 9.5% compared to the same quarter last year. On average, research analysts forecast that Cheniere Energy, Inc. will post 11.25 earnings per share for the current year.

Cheniere Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy's payout ratio is currently 12.77%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. 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. 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 report on Friday, November 15th. Stifel Nicolaus lifted their price objective on Cheniere Energy from $204.00 to $237.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Barclays increased their target price on Cheniere Energy from $199.00 to $202.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 15th. Finally, The Goldman Sachs Group lifted their price target on Cheniere Energy from $234.00 to $261.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. Two analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $226.55.

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.