Miracle Mile Advisors LLC Makes New Investment in Cheniere Energy, Inc. (NYSE:LNG)

Miracle Mile Advisors LLC purchased a new stake in Cheniere Energy, Inc. (NYSE:LNG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 9,901 shares of the energy company’s stock, valued at approximately $2,127,000.

A number of other hedge funds also recently made changes to their positions in LNG. Carolinas Wealth Consulting LLC increased its position in Cheniere Energy by 5,000.0% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock valued at $27,000 after purchasing an additional 150 shares during the period. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Cheniere Energy during the third quarter worth $27,000. Capital Performance Advisors LLP acquired a new position in Cheniere Energy in the third quarter valued at $28,000. Strategic Investment Solutions Inc. IL acquired a new position in Cheniere Energy in the second quarter valued at $30,000. Finally, ORG Wealth Partners LLC acquired a new stake in Cheniere Energy during the 3rd quarter worth about $53,000. 87.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on LNG. TD Cowen boosted their price objective on Cheniere Energy from $202.00 to $242.00 and gave the company a “buy” rating in a research note on Tuesday, November 26th. Royal Bank of Canada increased their price target on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. The Goldman Sachs Group lifted their price objective on shares of Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Barclays increased their target price on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Finally, Bank of America assumed coverage on shares of Cheniere Energy in a research note on Thursday, October 17th. They issued a “buy” rating and a $215.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $226.55.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $229.69 on Tuesday. The stock has a market cap of $51.53 billion, a price-to-earnings ratio of 14.67 and a beta of 0.99. 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 $230.11. The firm’s 50-day simple moving average is $215.81 and its 200 day simple moving average is $193.53.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $2.06. The company had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. Cheniere Energy’s quarterly revenue was down 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.37 earnings per share. As a group, research analysts anticipate that Cheniere Energy, Inc. will post 11.25 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 annualized dividend and a dividend yield of 0.87%. Cheniere Energy’s dividend payout ratio is currently 12.77%.

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.