Atria Wealth Solutions Inc. Raises Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Atria Wealth Solutions Inc. increased its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 0.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 24,439 shares of the energy company’s stock after acquiring an additional 186 shares during the period. Atria Wealth Solutions Inc.’s holdings in Cheniere Energy were worth $4,172,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in LNG. Avior Wealth Management LLC grew its position in Cheniere Energy by 133.3% in the third quarter. Avior Wealth Management LLC now owns 350 shares of the energy company’s stock worth $58,000 after acquiring an additional 200 shares during the period. Asset Management One Co. Ltd. grew its position in Cheniere Energy by 1.7% in the third quarter. Asset Management One Co. Ltd. now owns 92,106 shares of the energy company’s stock worth $15,286,000 after acquiring an additional 1,545 shares during the period. Patriot Financial Group Insurance Agency LLC acquired a new position in Cheniere Energy during the third quarter worth $208,000. Valeo Financial Advisors LLC lifted its stake in Cheniere Energy by 45.2% during the third quarter. Valeo Financial Advisors LLC now owns 1,926 shares of the energy company’s stock worth $320,000 after purchasing an additional 600 shares in the last quarter. Finally, Lake Street Financial LLC acquired a new position in Cheniere Energy during the third quarter worth $2,766,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on LNG. Barclays upped their price target 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 began coverage on Cheniere Energy in a research note on Tuesday, April 16th. They set a “neutral” rating and a $162.00 price target on the stock. StockNews.com cut Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. UBS Group decreased their price target on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, TD Cowen decreased their price target on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 27th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $193.90.

Cheniere Energy Trading Down 0.1 %

NYSE:LNG opened at $159.14 on Friday. The stock has a market capitalization of $36.71 billion, a price-to-earnings ratio of 3.93 and a beta of 0.94. The company has a fifty day moving average of $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 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 released its earnings results on Thursday, February 22nd. The energy company reported $5.76 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.70 by $3.06. The firm had revenue of $4.82 billion during the quarter, compared to analyst estimates of $4.37 billion. Cheniere Energy had a return on equity of 69.52% and a net margin of 48.45%. Cheniere Energy’s revenue was down 46.9% compared to the same quarter last year. During the same period last year, the business posted $15.78 earnings per share. Equities analysts forecast that Cheniere Energy, Inc. will post 8.39 EPS for the current year.

Cheniere Energy Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Thursday, May 9th. Cheniere Energy’s dividend payout ratio (DPR) is 4.30%.

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.