Trilogy Capital Inc. Buys New Shares in Cheniere Energy, Inc. (NYSE:LNG)

Trilogy Capital Inc. purchased a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) during the first quarter, HoldingsChannel.com reports. The fund purchased 2,706 shares of the energy company’s stock, valued at approximately $436,000.

Other large investors also recently bought and sold shares of the company. Xcel Wealth Management LLC increased its holdings in shares of Cheniere Energy by 3.4% during the 4th quarter. Xcel Wealth Management LLC now owns 1,961 shares of the energy company’s stock worth $335,000 after buying an additional 65 shares during the last quarter. Simon Quick Advisors LLC raised its holdings in Cheniere Energy by 3.1% in the fourth quarter. Simon Quick Advisors LLC now owns 2,182 shares of the energy company’s stock valued at $373,000 after buying an additional 66 shares during the period. Syon Capital LLC lifted its position in Cheniere Energy by 4.7% during the fourth quarter. Syon Capital LLC now owns 1,618 shares of the energy company’s stock valued at $276,000 after buying an additional 73 shares in the last quarter. Montag A & Associates Inc. lifted its position in Cheniere Energy by 13.1% during the fourth quarter. Montag A & Associates Inc. now owns 654 shares of the energy company’s stock valued at $112,000 after buying an additional 76 shares in the last quarter. Finally, Yousif Capital Management LLC grew its stake in Cheniere Energy by 2.3% during the fourth quarter. Yousif Capital Management LLC now owns 3,452 shares of the energy company’s stock worth $589,000 after buying an additional 79 shares during the period. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

LNG has been the topic of a number of research reports. Sanford C. Bernstein started coverage on shares of Cheniere Energy in a research note on Monday, June 24th. They issued an “outperform” rating on the stock. StockNews.com cut Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. JPMorgan Chase & Co. increased their target price on Cheniere Energy from $213.00 to $214.00 and gave the company an “overweight” rating in a research note on Friday, May 17th. Stifel Nicolaus boosted their price target on Cheniere Energy from $204.00 to $208.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Finally, TD Cowen increased their price objective on shares of Cheniere Energy from $178.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, June 17th. Two research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Cheniere Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $198.64.

Cheniere Energy Stock Performance

Shares of Cheniere Energy stock traded up $2.63 during trading hours on Friday, reaching $174.83. The company’s stock had a trading volume of 7,051,199 shares, compared to its average volume of 2,040,558. Cheniere Energy, Inc. has a one year low of $148.57 and a one year high of $183.46. The business’s 50 day moving average price is $159.72. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 2.58. The stock has a market capitalization of $40.02 billion, a PE ratio of 8.52 and a beta of 0.95.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Friday, May 3rd. The energy company reported $2.13 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.17). Cheniere Energy had a net margin of 28.55% and a return on equity of 48.19%. The company had revenue of $4.25 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same quarter in the previous year, the firm earned $6.89 earnings per share. The business’s revenue was down 41.8% on a year-over-year basis. On average, sell-side analysts predict that Cheniere Energy, Inc. will post 8.33 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Friday, August 9th will be given a dividend of $0.435 per share. The ex-dividend date is Friday, August 9th. This represents a $1.74 annualized dividend and a dividend yield of 1.00%. Cheniere Energy’s dividend payout ratio is currently 8.48%.

About Cheniere Energy

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.