Modern Wealth Management LLC Takes $317,000 Position in Cheniere Energy, Inc. (NYSE:LNG)

Modern Wealth Management LLC acquired a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 1,432 shares of the energy company's stock, valued at approximately $317,000.

Other hedge funds also recently made changes to their positions in the company. Geneos Wealth Management Inc. increased its stake in Cheniere Energy by 10.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 460 shares of the energy company's stock worth $99,000 after buying an additional 43 shares in the last quarter. Flagship Harbor Advisors LLC grew its position in shares of Cheniere Energy by 2.0% during the fourth quarter. Flagship Harbor Advisors LLC now owns 2,339 shares of the energy company's stock worth $503,000 after purchasing an additional 46 shares in the last quarter. Larson Financial Group LLC raised its stake in Cheniere Energy by 1.7% during the 4th quarter. Larson Financial Group LLC now owns 3,346 shares of the energy company's stock valued at $719,000 after purchasing an additional 55 shares during the period. Parallel Advisors LLC lifted its holdings in Cheniere Energy by 0.8% in the 4th quarter. Parallel Advisors LLC now owns 7,043 shares of the energy company's stock worth $1,513,000 after purchasing an additional 59 shares in the last quarter. Finally, Hourglass Capital LLC lifted its holdings in Cheniere Energy by 0.6% in the 4th quarter. Hourglass Capital LLC now owns 10,950 shares of the energy company's stock worth $2,353,000 after purchasing an additional 60 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. The Goldman Sachs Group lifted their price objective 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. StockNews.com upgraded shares of Cheniere Energy from a "hold" rating to a "buy" rating in a report on Friday, February 21st. TD Cowen increased their price objective on shares of Cheniere Energy from $242.00 to $250.00 and gave the company a "buy" rating in a report on Monday, January 27th. Scotiabank reaffirmed an "outperform" rating on shares of Cheniere Energy in a report on Thursday, March 6th. Finally, Morgan Stanley boosted their target price on Cheniere Energy from $195.00 to $255.00 and gave the stock an "overweight" rating in a research report on Friday, January 31st. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, Cheniere Energy currently has an average rating of "Moderate Buy" and a consensus target price of $239.79.

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Insider Activity at Cheniere Energy

In other news, Director G Andrea Botta sold 9,000 shares of Cheniere Energy stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the completion of the sale, the director now directly owns 33,934 shares in the company, valued at approximately $7,448,852.34. This trade represents a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.29% of the stock is owned by company insiders.

Cheniere Energy Trading Down 0.3 %

Shares of LNG traded down $0.80 during midday trading on Tuesday, hitting $230.60. The stock had a trading volume of 1,450,443 shares, compared to its average volume of 1,817,525. The stock's 50 day moving average is $222.74 and its 200 day moving average is $211.68. The firm has a market cap of $51.58 billion, a PE ratio of 16.20 and a beta of 0.94. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. Cheniere Energy, Inc. has a 1 year low of $152.88 and a 1 year high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 earnings per share for the quarter, topping analysts' consensus estimates of $2.74 by $1.59. The company had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.44 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. As a group, analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend was Friday, February 7th. Cheniere Energy's payout ratio is currently 14.05%.

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.