Cheniere Energy, Inc. (NYSE:LNG) Shares Acquired by Royal Fund Management LLC

Royal Fund Management LLC lifted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 8.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 13,361 shares of the energy company’s stock after acquiring an additional 1,004 shares during the period. Royal Fund Management LLC’s holdings in Cheniere Energy were worth $2,281,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sapient Capital LLC acquired a new stake in Cheniere Energy during the fourth quarter worth $1,283,000. Mackenzie Financial Corp increased its position in shares of Cheniere Energy by 28.9% during the 4th quarter. Mackenzie Financial Corp now owns 198,555 shares of the energy company’s stock worth $33,895,000 after purchasing an additional 44,508 shares during the last quarter. Oak Thistle LLC purchased a new stake in Cheniere Energy in the 4th quarter valued at about $1,144,000. Rheos Capital Works Inc. acquired a new position in Cheniere Energy in the fourth quarter valued at about $8,894,000. Finally, Riverstone Advisors LLC boosted its stake in Cheniere Energy by 3.6% during the fourth quarter. Riverstone Advisors LLC now owns 14,882 shares of the energy company’s stock worth $2,540,000 after buying an additional 513 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

LNG has been the subject of several recent research reports. TD Cowen decreased their price target on shares of Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating for the company in a research report on Tuesday, February 27th. StockNews.com downgraded shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Redburn Atlantic initiated coverage on Cheniere Energy in a report on Tuesday, April 16th. They set a “neutral” rating and a $162.00 price objective on the stock. Barclays upped their target price on shares of Cheniere Energy from $192.00 to $194.00 and gave the company an “overweight” rating in a report on Wednesday, January 17th. Finally, UBS Group lowered their target price on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating on the stock in a research note on Wednesday, April 24th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Cheniere Energy currently has a consensus rating of “Moderate Buy” and an average target price of $193.90.

Cheniere Energy Price Performance

Shares of LNG stock traded down $3.09 during midday trading on Friday, reaching $157.54. 3,959,078 shares of the company traded hands, compared to its average volume of 1,812,543. The business’s 50 day moving average price is $157.83. The stock has a market cap of $36.34 billion, a price-to-earnings ratio of 7.67 and a beta of 0.95. The company has a current ratio of 1.63, a quick ratio of 1.51 and a debt-to-equity ratio of 2.59. Cheniere Energy, Inc. has a 1-year low of $135.30 and a 1-year high of $183.46.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Friday, May 3rd. The energy company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.17). The firm had revenue of $4.25 billion for the quarter, compared to analyst estimates of $3.97 billion. Cheniere Energy had a return on equity of 69.52% and a net margin of 48.45%. The business’s revenue for the quarter was down 41.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.89 earnings per share. As a group, research analysts anticipate that Cheniere Energy, Inc. will post 8.4 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 10th will be paid a $0.435 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.74 dividend on an annualized basis and a yield of 1.10%. Cheniere Energy’s payout ratio is 8.48%.

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.