Mosley Wealth Management Purchases 361 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Mosley Wealth Management grew its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 20.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 2,123 shares of the energy company’s stock after purchasing an additional 361 shares during the quarter. Mosley Wealth Management’s holdings in Cheniere Energy were worth $371,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Lincoln National Corp boosted its stake in shares of Cheniere Energy by 367.0% during the 4th quarter. Lincoln National Corp now owns 6,300 shares of the energy company’s stock worth $1,076,000 after acquiring an additional 4,951 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Cheniere Energy by 3.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 898,191 shares of the energy company’s stock valued at $153,330,000 after purchasing an additional 31,832 shares during the period. Wealthspire Advisors LLC grew its holdings in Cheniere Energy by 6.8% during the fourth quarter. Wealthspire Advisors LLC now owns 1,375 shares of the energy company’s stock valued at $235,000 after purchasing an additional 87 shares during the period. Montag A & Associates Inc. increased its position in Cheniere Energy by 13.1% in the fourth quarter. Montag A & Associates Inc. now owns 654 shares of the energy company’s stock worth $112,000 after buying an additional 76 shares in the last quarter. Finally, Dana Investment Advisors Inc. raised its stake in shares of Cheniere Energy by 4.2% in the fourth quarter. Dana Investment Advisors Inc. now owns 25,937 shares of the energy company’s stock worth $4,428,000 after buying an additional 1,040 shares during the period. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Price Performance

NYSE:LNG traded down $0.64 during trading hours on Friday, reaching $180.64. The stock had a trading volume of 1,509,885 shares, compared to its average volume of 1,815,255. The stock has a market capitalization of $41.35 billion, a PE ratio of 8.80 and a beta of 0.95. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $187.44. The company has a 50 day moving average price of $179.85 and a two-hundred day moving average price of $166.12. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.93 and a current ratio of 1.02.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Thursday, August 8th. The energy company reported $3.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $2.13. The firm had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.52 billion. Cheniere Energy had a net margin of 27.05% and a return on equity of 39.42%. Cheniere Energy’s revenue for the quarter was down 19.6% compared to the same quarter last year. During the same period last year, the firm posted $5.61 earnings per share. As a group, sell-side analysts anticipate that Cheniere Energy, Inc. will post 9.74 earnings per share for the current fiscal year.

Cheniere Energy declared that its board has approved a stock buyback program on Monday, June 17th that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the energy company to buy up to 9.6% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Cheniere Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 9th were given a dividend of $0.435 per share. This represents a $1.74 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Friday, August 9th. Cheniere Energy’s dividend payout ratio is 8.48%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Stifel Nicolaus decreased their target price on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Barclays raised their price target on Cheniere Energy from $194.00 to $199.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. TD Cowen lifted their target price on Cheniere Energy from $178.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, June 17th. JPMorgan Chase & Co. upped their price target on Cheniere Energy from $213.00 to $214.00 and gave the stock an “overweight” rating in a research note on Friday, May 17th. Finally, Sanford C. Bernstein began coverage on shares of Cheniere Energy in a report on Monday, June 24th. They set an “outperform” rating for the company. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $196.00.

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.