Creekmur Asset Management LLC Raises Holdings in Cheniere Energy, Inc. $LNG

Creekmur Asset Management LLC boosted its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 50.1% during the second quarter, HoldingsChannel.com reports. The firm owned 4,658 shares of the energy company’s stock after purchasing an additional 1,554 shares during the period. Creekmur Asset Management LLC’s holdings in Cheniere Energy were worth $1,134,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Pinnacle Bancorp Inc. boosted its position in Cheniere Energy by 134.1% during the second quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock worth $25,000 after purchasing an additional 59 shares in the last quarter. Hilltop National Bank purchased a new position in Cheniere Energy during the second quarter worth approximately $28,000. Richardson Financial Services Inc. purchased a new position in Cheniere Energy during the second quarter worth approximately $30,000. Cooksen Wealth LLC purchased a new position in Cheniere Energy during the first quarter worth approximately $38,000. Finally, WPG Advisers LLC purchased a new position in Cheniere Energy during the first quarter worth approximately $38,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Price Performance

NYSE:LNG opened at $211.36 on Friday. Cheniere Energy, Inc. has a one year low of $182.28 and a one year high of $257.65. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98. The stock has a market cap of $46.45 billion, a PE ratio of 12.34, a P/E/G ratio of 6.08 and a beta of 0.37. The stock has a 50 day moving average price of $231.53 and a 200 day moving average price of $233.22.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, October 30th. The energy company reported $4.75 EPS for the quarter, beating the consensus estimate of $2.75 by $2.00. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The firm had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.87 billion. During the same quarter last year, the firm earned $3.93 earnings per share. The business’s revenue for the quarter was up 18.0% on a year-over-year basis. Equities research analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 18th. Investors of record on Friday, November 7th will be issued a $0.555 dividend. This is a boost from Cheniere Energy’s previous quarterly dividend of $0.50. This represents a $2.22 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, November 7th. Cheniere Energy’s payout ratio is 11.68%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LNG. Weiss Ratings reiterated a “buy (b)” rating on shares of Cheniere Energy in a research report on Wednesday, October 8th. Wells Fargo & Company increased their price target on Cheniere Energy from $267.00 to $284.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 12th. Raymond James Financial reissued a “strong-buy” rating and set a $278.00 target price (up previously from $275.00) on shares of Cheniere Energy in a report on Friday, October 24th. Jefferies Financial Group set a $290.00 target price on Cheniere Energy in a report on Thursday. Finally, BMO Capital Markets started coverage on Cheniere Energy in a report on Friday, September 19th. They set an “outperform” rating and a $268.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $267.80.

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.