Strategic Blueprint LLC Raises Stake in Cheniere Energy, Inc. (NYSE:LNG)

Strategic Blueprint LLC increased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 0.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 28,285 shares of the energy company’s stock after purchasing an additional 184 shares during the quarter. Strategic Blueprint LLC’s holdings in Cheniere Energy were worth $6,078,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LNG. Creative Planning purchased a new position in shares of Cheniere Energy in the 2nd quarter valued at $276,000. Northwestern Mutual Wealth Management Co. raised its position in Cheniere Energy by 26.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 6,954 shares of the energy company’s stock valued at $1,216,000 after purchasing an additional 1,453 shares during the period. Quarry LP raised its position in Cheniere Energy by 10.2% in the second quarter. Quarry LP now owns 982 shares of the energy company’s stock valued at $172,000 after purchasing an additional 91 shares during the period. B. Riley Wealth Advisors Inc. lifted its stake in shares of Cheniere Energy by 23.8% during the second quarter. B. Riley Wealth Advisors Inc. now owns 6,945 shares of the energy company’s stock worth $341,000 after purchasing an additional 1,336 shares in the last quarter. Finally, Truist Financial Corp boosted its position in shares of Cheniere Energy by 6.9% in the second quarter. Truist Financial Corp now owns 19,487 shares of the energy company’s stock worth $957,000 after buying an additional 1,255 shares during the period. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Stock Up 0.1 %

LNG stock opened at $226.80 on Wednesday. The firm has a market cap of $50.89 billion, a price-to-earnings ratio of 14.49 and a beta of 0.99. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $257.65. The firm has a fifty day moving average price of $222.87 and a two-hundred day moving average price of $198.62. 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 (NYSE:LNG) last announced its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, beating 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 business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the prior year, the firm earned $2.37 EPS. The company’s revenue for the quarter was down 9.5% compared to the same quarter last year. Research analysts predict that Cheniere Energy, Inc. will post 12.67 EPS for the current year.

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.88%. Cheniere Energy’s dividend payout ratio is currently 12.77%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on LNG. Scotiabank raised their target price on Cheniere Energy from $242.00 to $247.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 21st. 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 note on Thursday, December 19th. TD Cowen upped their target price on shares of Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a research note on Monday. UBS Group lifted their price target on shares of Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Royal Bank of Canada boosted their price objective on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Cheniere Energy currently has an average rating of “Moderate Buy” and a consensus price target of $232.36.

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.