Park Avenue Securities LLC Raises Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Park Avenue Securities LLC grew its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 35.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,206 shares of the energy company’s stock after purchasing an additional 1,374 shares during the period. Park Avenue Securities LLC’s holdings in Cheniere Energy were worth $1,119,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Miracle Mile Advisors LLC purchased a new position in shares of Cheniere Energy during the fourth quarter valued at about $2,127,000. Insight Wealth Strategies LLC purchased a new position in shares of Cheniere Energy during the fourth quarter valued at about $4,455,000. Kathmere Capital Management LLC purchased a new position in Cheniere Energy in the fourth quarter worth about $245,000. Continuum Advisory LLC grew its position in Cheniere Energy by 42.1% in the third quarter. Continuum Advisory LLC now owns 12,919 shares of the energy company’s stock worth $2,323,000 after acquiring an additional 3,828 shares in the last quarter. Finally, Jennison Associates LLC grew its position in Cheniere Energy by 2.9% in the third quarter. Jennison Associates LLC now owns 1,324,360 shares of the energy company’s stock worth $238,173,000 after acquiring an additional 37,729 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

Cheniere Energy stock opened at $252.70 on Tuesday. The company has a 50 day moving average price of $219.76 and a 200-day moving average price of $195.63. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $257.65. The company has a market capitalization of $56.70 billion, a PE ratio of 16.14 and a beta of 0.99.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, beating the consensus estimate of $1.87 by $2.06. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the previous year, the firm posted $2.37 earnings per share. The company’s revenue was down 9.5% on a year-over-year basis. As a group, equities analysts forecast that Cheniere Energy, Inc. will post 12.66 earnings per share for the current year.

Cheniere Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy’s dividend payout ratio is presently 12.77%.

Analyst Ratings Changes

Several research analysts recently commented on LNG shares. Stifel Nicolaus lifted their price target on Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. TD Cowen lifted their price target on Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. Scotiabank started coverage on Cheniere Energy in a research report on Friday, January 10th. They issued a “sector outperform” rating and a $242.00 price target for the company. Royal Bank of Canada lifted their price target on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, Wells Fargo & Company lifted their price target on Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Two equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $231.18.

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.