Balboa Wealth Partners Purchases 922 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Balboa Wealth Partners increased its position in Cheniere Energy, Inc. (NYSE:LNG) by 21.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,246 shares of the energy company’s stock after acquiring an additional 922 shares during the quarter. Balboa Wealth Partners’ holdings in Cheniere Energy were worth $895,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. HHM Wealth Advisors LLC purchased a new position in shares of Cheniere Energy during the third quarter worth approximately $25,000. Rational Advisors LLC bought a new stake in shares of Cheniere Energy during the 3rd quarter valued at $59,000. AJOVista LLC bought a new stake in shares of Cheniere Energy during the 4th quarter valued at $60,000. EdgeRock Capital LLC bought a new stake in shares of Cheniere Energy during the 4th quarter valued at $79,000. Finally, GAMMA Investing LLC bought a new position in Cheniere Energy in the 4th quarter worth about $80,000. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Trading Down 0.7 %

Cheniere Energy stock traded down $1.07 during midday trading on Wednesday, hitting $158.78. The stock had a trading volume of 1,388,720 shares, compared to its average volume of 1,895,512. The stock has a fifty day moving average of $158.55. The stock has a market capitalization of $36.35 billion, a P/E ratio of 7.74 and a beta of 0.95. Cheniere Energy, Inc. has a 52-week low of $135.30 and a 52-week high of $183.46. The company has a quick ratio of 0.92, a current ratio of 0.98 and a debt-to-equity ratio of 2.58.

Cheniere Energy (NYSE:LNG) last released its earnings results 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). Cheniere Energy had a return on equity of 48.19% and a net margin of 28.55%. The firm had revenue of $4.25 billion during the quarter, compared to analysts’ expectations of $3.97 billion. During the same period in the prior year, the company posted $6.89 earnings per share. The company’s revenue was down 41.8% compared to the same quarter last year. As a group, equities research analysts predict that Cheniere Energy, Inc. will post 8.54 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on LNG. Redburn Atlantic began coverage on shares of Cheniere Energy in a research note on Tuesday, April 16th. They issued a “neutral” rating and a $162.00 price target on the stock. Stifel Nicolaus upped their price target on shares of Cheniere Energy from $204.00 to $208.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. StockNews.com lowered Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. UBS Group decreased their target price on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating for the company in a research report on Wednesday, April 24th. Finally, JPMorgan Chase & Co. boosted their target price on Cheniere Energy from $213.00 to $214.00 and gave the stock an “overweight” rating in a research report on Friday, May 17th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $198.00.

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.