Insight Wealth Strategies LLC Makes New $4.46 Million Investment in Cheniere Energy, Inc. (NYSE:LNG)

Insight Wealth Strategies LLC bought a new stake in Cheniere Energy, Inc. (NYSE:LNG) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 20,732 shares of the energy company’s stock, valued at approximately $4,455,000.

Several other hedge funds also recently made changes to their positions in LNG. Octavia Wealth Advisors LLC lifted its position in Cheniere Energy by 3.7% during the third quarter. Octavia Wealth Advisors LLC now owns 1,498 shares of the energy company’s stock valued at $269,000 after buying an additional 54 shares during the period. MAI Capital Management lifted its position in Cheniere Energy by 1.5% during the 3rd quarter. MAI Capital Management now owns 4,204 shares of the energy company’s stock valued at $756,000 after acquiring an additional 62 shares during the period. Sapient Capital LLC boosted its stake in Cheniere Energy by 0.9% during the third quarter. Sapient Capital LLC now owns 7,514 shares of the energy company’s stock worth $1,351,000 after acquiring an additional 67 shares in the last quarter. Quarry LP grew its holdings in Cheniere Energy by 7.6% in the third quarter. Quarry LP now owns 1,057 shares of the energy company’s stock worth $190,000 after purchasing an additional 75 shares during the period. Finally, CWM LLC increased its stake in shares of Cheniere Energy by 2.4% during the third quarter. CWM LLC now owns 3,238 shares of the energy company’s stock valued at $582,000 after purchasing an additional 76 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Stock Performance

NYSE:LNG traded up $1.47 during trading hours on Monday, reaching $223.95. The company had a trading volume of 946,718 shares, compared to its average volume of 1,489,040. The firm has a market cap of $50.25 billion, a price-to-earnings ratio of 14.30 and a beta of 0.99. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The firm’s 50 day moving average price is $211.08 and its 200-day moving average price is $191.10. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $228.10.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, topping the consensus estimate of $1.87 by $2.06. The company had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. Cheniere Energy’s revenue was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.37 earnings per share. On average, analysts forecast that Cheniere Energy, Inc. will post 11.25 EPS for the current year.

Cheniere Energy Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy’s payout ratio is 12.77%.

Analyst Upgrades and Downgrades

LNG has been the topic of a number of analyst reports. Royal Bank of Canada boosted 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. The Goldman Sachs Group boosted their target price on Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Barclays lifted their price target on Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Wells Fargo & Company increased their price objective on shares of Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Finally, UBS Group lifted their target price on shares of Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Cheniere Energy has an average rating of “Moderate Buy” and an average price target of $225.00.

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.