Rather & Kittrell Inc. Grows Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Rather & Kittrell Inc. grew its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 22.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,498 shares of the energy company’s stock after acquiring an additional 275 shares during the period. Rather & Kittrell Inc.’s holdings in Cheniere Energy were worth $256,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in LNG. Syon Capital LLC lifted its stake in shares of Cheniere Energy by 4.7% during the fourth quarter. Syon Capital LLC now owns 1,618 shares of the energy company’s stock worth $276,000 after purchasing an additional 73 shares in the last quarter. Meritage Portfolio Management grew its stake in shares of Cheniere Energy by 6.7% in the fourth quarter. Meritage Portfolio Management now owns 140,193 shares of the energy company’s stock valued at $23,932,000 after buying an additional 8,860 shares in the last quarter. BIP Wealth LLC purchased a new stake in shares of Cheniere Energy during the 4th quarter valued at about $593,000. Tokio Marine Asset Management Co. Ltd. lifted its position in Cheniere Energy by 5.1% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,149 shares of the energy company’s stock worth $1,050,000 after acquiring an additional 298 shares in the last quarter. Finally, Atria Wealth Solutions Inc. lifted its position in Cheniere Energy by 0.8% during the 4th quarter. Atria Wealth Solutions Inc. now owns 24,439 shares of the energy company’s stock worth $4,172,000 after acquiring an additional 186 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Trading Down 0.1 %

Cheniere Energy stock traded down $0.22 during midday trading on Friday, hitting $159.14. The stock had a trading volume of 1,223,179 shares, compared to its average volume of 1,885,020. The business’s fifty day moving average is $157.96. Cheniere Energy, Inc. has a 12 month low of $135.30 and a 12 month high of $183.46. The company has a market capitalization of $36.71 billion, a PE ratio of 3.93 and a beta of 0.94. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.51 and a current ratio of 1.63.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, February 22nd. The energy company reported $5.76 earnings per share for the quarter, beating analysts’ consensus estimates of $2.70 by $3.06. Cheniere Energy had a return on equity of 69.52% and a net margin of 48.45%. The business had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $4.37 billion. During the same period in the previous year, the business earned $15.78 EPS. The business’s quarterly revenue was down 46.9% on a year-over-year basis. On average, equities analysts anticipate that Cheniere Energy, Inc. will post 8.39 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Stockholders of record on Friday, May 10th will be issued a $0.435 dividend. This represents a $1.74 annualized dividend and a dividend yield of 1.09%. The ex-dividend date is Thursday, May 9th. Cheniere Energy’s dividend payout ratio (DPR) is presently 4.30%.

Analyst Ratings Changes

LNG has been the subject of several recent research reports. StockNews.com downgraded shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Barclays raised their price target on shares of Cheniere Energy from $192.00 to $194.00 and gave the company an “overweight” rating in a report on Wednesday, January 17th. UBS Group lowered their target price on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating for the company in a research note on Wednesday. Redburn Atlantic started coverage on Cheniere Energy in a research report on Tuesday, April 16th. They set a “neutral” rating and a $162.00 target price on the stock. Finally, TD Cowen reduced their price target on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating for the company in a report on Tuesday, February 27th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $193.90.

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.