Golden State Equity Partners Has $355,000 Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Golden State Equity Partners boosted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 6.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,080 shares of the energy company’s stock after buying an additional 117 shares during the quarter. Golden State Equity Partners’ holdings in Cheniere Energy were worth $355,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Farmers & Merchants Investments Inc. raised its stake in Cheniere Energy by 21.1% in the third quarter. Farmers & Merchants Investments Inc. now owns 345 shares of the energy company’s stock valued at $57,000 after buying an additional 60 shares during the period. Mutual Advisors LLC raised its stake in Cheniere Energy by 1.0% in the third quarter. Mutual Advisors LLC now owns 6,224 shares of the energy company’s stock valued at $1,033,000 after buying an additional 64 shares during the period. Xcel Wealth Management LLC raised its stake in Cheniere Energy by 3.4% in the fourth quarter. Xcel Wealth Management LLC now owns 1,961 shares of the energy company’s stock valued at $335,000 after buying an additional 65 shares during the period. Winch Advisory Services LLC raised its stake in Cheniere Energy by 11.4% in the third quarter. Winch Advisory Services LLC now owns 647 shares of the energy company’s stock valued at $107,000 after buying an additional 66 shares during the period. Finally, Simon Quick Advisors LLC raised its stake in Cheniere Energy by 3.1% in the fourth quarter. Simon Quick Advisors LLC now owns 2,182 shares of the energy company’s stock valued at $373,000 after buying an additional 66 shares during the period. 87.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on the company. UBS Group dropped their price objective on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating on the stock in a research note on Wednesday. StockNews.com lowered Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Barclays upped their price objective on Cheniere Energy from $192.00 to $194.00 and gave the company an “overweight” rating in a research note on Wednesday, January 17th. Redburn Atlantic began coverage on Cheniere Energy in a research note on Tuesday, April 16th. They issued a “neutral” rating and a $162.00 price objective on the stock. Finally, TD Cowen lowered their target price on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 27th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $193.90.

Cheniere Energy Trading Down 0.1 %

Shares of NYSE LNG opened at $159.14 on Friday. The company has a market capitalization of $36.71 billion, a price-to-earnings ratio of 3.93 and a beta of 0.94. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.51 and a current ratio of 1.63. Cheniere Energy, Inc. has a 1-year low of $135.30 and a 1-year high of $183.46. The business’s 50 day moving average price is $157.96.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, February 22nd. The energy company reported $5.76 earnings per share for the quarter, topping analysts’ consensus estimates of $2.70 by $3.06. The company had revenue of $4.82 billion for the quarter, compared to analyst estimates of $4.37 billion. Cheniere Energy had a return on equity of 69.52% and a net margin of 48.45%. The firm’s quarterly revenue was down 46.9% compared to the same quarter last year. During the same quarter last year, the company earned $15.78 earnings per share. Analysts forecast that Cheniere Energy, Inc. will post 8.39 EPS for the current year.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 10th will be given a dividend of $0.435 per share. This represents a $1.74 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Thursday, May 9th. Cheniere Energy’s dividend payout ratio is currently 4.30%.

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.