EdgeRock Capital LLC Purchases Shares of 489 Cheniere Energy, Inc. (NYSE:LNG)

EdgeRock Capital LLC purchased a new stake in Cheniere Energy, Inc. (NYSE:LNG) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 489 shares of the energy company’s stock, valued at approximately $79,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Everpar Advisors LLC bought a new position in Cheniere Energy in the fourth quarter valued at approximately $280,000. Peddock Capital Advisors LLC boosted its stake in shares of Cheniere Energy by 9.0% during the 4th quarter. Peddock Capital Advisors LLC now owns 6,403 shares of the energy company’s stock worth $1,093,000 after acquiring an additional 529 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Cheniere Energy by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 898,191 shares of the energy company’s stock worth $153,330,000 after acquiring an additional 31,832 shares during the period. 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 period. Finally, Royal Fund Management LLC boosted its stake in shares of Cheniere Energy by 8.1% during the 4th quarter. Royal Fund Management LLC now owns 13,361 shares of the energy company’s stock worth $2,281,000 after acquiring an additional 1,004 shares during the period. 87.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LNG has been the subject of several research analyst reports. TD Cowen reduced their target price on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating for the company in a research note on Tuesday, February 27th. Barclays lifted their target price on Cheniere Energy from $192.00 to $194.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 17th. UBS Group reduced their target price on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating for the company in a research note on Wednesday, April 24th. Redburn Atlantic initiated coverage on Cheniere Energy in a research note on Tuesday, April 16th. They set a “neutral” rating and a $162.00 target price for the company. Finally, Stifel Nicolaus lifted their target price on Cheniere Energy from $204.00 to $208.00 and gave the stock a “buy” rating in a research note on Monday. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, Cheniere Energy has a consensus rating of “Moderate Buy” and an average price target of $196.40.

Cheniere Energy Stock Performance

NYSE:LNG traded down $0.65 during mid-day trading on Tuesday, hitting $156.17. 1,863,880 shares of the stock were exchanged, compared to its average volume of 1,949,042. The stock has a market cap of $36.02 billion, a PE ratio of 7.61 and a beta of 0.95. The stock’s 50-day moving average price is $157.93. The company has a debt-to-equity ratio of 2.59, a current ratio of 1.63 and a quick ratio of 1.51. Cheniere Energy, Inc. has a fifty-two week low of $135.30 and a fifty-two week high of $183.46.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Friday, May 3rd. The energy company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.30 by ($0.17). The company had revenue of $4.25 billion during the quarter, compared to analyst estimates of $3.97 billion. Cheniere Energy had a net margin of 28.55% and a return on equity of 48.95%. Cheniere Energy’s revenue was down 41.8% on a year-over-year basis. During the same period in the prior year, the firm earned $6.89 earnings per share. On average, analysts predict that Cheniere Energy, Inc. will post 8.4 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 10th will be issued a $0.435 dividend. The ex-dividend date of this dividend is Thursday, May 9th. This represents a $1.74 annualized dividend and a yield of 1.11%. Cheniere Energy’s dividend payout ratio is presently 8.48%.

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.