Foundations Investment Advisors LLC Grows Stake in Cheniere Energy, Inc. $LNG

Foundations Investment Advisors LLC boosted its stake in Cheniere Energy, Inc. (NYSE:LNG) by 8.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,339 shares of the energy company’s stock after buying an additional 6,483 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Cheniere Energy were worth $18,643,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Salomon & Ludwin LLC purchased a new position in shares of Cheniere Energy in the third quarter valued at approximately $25,000. Westside Investment Management Inc. raised its stake in Cheniere Energy by 473.7% in the 2nd quarter. Westside Investment Management Inc. now owns 109 shares of the energy company’s stock valued at $26,000 after purchasing an additional 90 shares during the last quarter. Hilltop National Bank acquired a new position in Cheniere Energy in the 2nd quarter valued at $28,000. Richardson Financial Services Inc. purchased a new position in Cheniere Energy in the 2nd quarter valued at $30,000. Finally, Pin Oak Investment Advisors Inc. acquired a new stake in Cheniere Energy during the 2nd quarter worth $34,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Stock Performance

Cheniere Energy stock opened at $207.91 on Thursday. The firm has a 50 day simple moving average of $199.10 and a 200-day simple moving average of $218.48. The stock has a market cap of $44.75 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 6.61 and a beta of 0.26. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.94 and a quick ratio of 0.81. Cheniere Energy, Inc. has a 1-year low of $186.20 and a 1-year high of $246.42.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Wednesday, October 29th. The energy company reported $4.75 EPS for the quarter, beating the consensus estimate of $2.75 by $2.00. The firm had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.87 billion. Cheniere Energy had a net margin of 21.12% and a return on equity of 37.52%. The business’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.93 EPS. On average, analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 6th will be given a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, February 6th. Cheniere Energy’s dividend payout ratio (DPR) is currently 12.37%.

Wall Street Analysts Forecast Growth

LNG has been the subject of a number of recent research reports. BMO Capital Markets reiterated an “outperform” rating and issued a $254.00 target price on shares of Cheniere Energy in a research report on Wednesday, December 17th. Barclays cut their price objective on shares of Cheniere Energy from $262.00 to $259.00 and set an “overweight” rating for the company in a report on Thursday, January 15th. Wolfe Research set a $220.00 target price on Cheniere Energy and gave the stock an “outperform” rating in a report on Wednesday, January 14th. Erste Group Bank lowered Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. Finally, The Goldman Sachs Group reiterated a “buy” rating and set a $275.00 price objective on shares of Cheniere Energy in a research report on Monday, November 3rd. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $263.29.

Insider Buying and Selling at Cheniere Energy

In other news, Director W Benjamin Moreland acquired 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The shares were purchased at an average price of $208.22 per share, for a total transaction of $1,041,100.00. Following the acquisition, the director owned 9,856 shares of the company’s stock, valued at $2,052,216.32. This represents a 102.97% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.26% of the company’s stock.

Cheniere Energy Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.