Westover Capital Advisors LLC Increases Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Westover Capital Advisors LLC raised its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 55.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,431 shares of the energy company’s stock after buying an additional 2,655 shares during the period. Westover Capital Advisors LLC’s holdings in Cheniere Energy were worth $1,269,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in LNG. HHM Wealth Advisors LLC purchased a new stake in Cheniere Energy during the 3rd quarter valued at $25,000. Whittier Trust Co. of Nevada Inc. raised its stake in Cheniere Energy by 203.4% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 176 shares of the energy company’s stock valued at $29,000 after buying an additional 118 shares during the last quarter. OFI Invest Asset Management purchased a new stake in Cheniere Energy during the 3rd quarter valued at $40,000. Farmers & Merchants Investments Inc. raised its stake in Cheniere Energy by 21.1% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 345 shares of the energy company’s stock valued at $57,000 after buying an additional 60 shares during the last quarter. Finally, Rational Advisors LLC purchased a new stake in Cheniere Energy during the 3rd quarter valued at $59,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on LNG shares. UBS Group reduced their price objective on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. StockNews.com lowered Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Barclays upped their price objective on Cheniere Energy from $192.00 to $194.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 17th. Redburn Atlantic started coverage on Cheniere Energy in a research note on Tuesday, April 16th. They issued a “neutral” rating and a $162.00 price objective for the company. Finally, TD Cowen reduced their price objective on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating for the company in a research note on Tuesday, February 27th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $193.90.

Cheniere Energy Stock Up 2.5 %

LNG stock traded up $3.85 during trading on Thursday, reaching $160.88. The company’s stock had a trading volume of 1,835,355 shares, compared to its average volume of 1,899,233. Cheniere Energy, Inc. has a 1 year low of $135.30 and a 1 year high of $183.46. The company has a quick ratio of 1.51, a current ratio of 1.63 and a debt-to-equity ratio of 2.59. The firm has a market cap of $37.11 billion, a P/E ratio of 3.88 and a beta of 0.95. The company has a fifty day moving average price of $157.77.

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

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 10th will be issued a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Thursday, May 9th. Cheniere Energy’s dividend payout ratio (DPR) is presently 4.30%.

Cheniere Energy 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.