Wealth Enhancement Advisory Services LLC Has $17.41 Million Stock Holdings in Cheniere Energy, Inc. $LNG

Wealth Enhancement Advisory Services LLC decreased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 24.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 73,958 shares of the energy company’s stock after selling 23,824 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Cheniere Energy were worth $17,405,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Brighton Jones LLC acquired a new position in Cheniere Energy in the fourth quarter valued at about $335,000. Farther Finance Advisors LLC increased its stake in shares of Cheniere Energy by 87.5% in the 2nd quarter. Farther Finance Advisors LLC now owns 1,423 shares of the energy company’s stock valued at $346,000 after acquiring an additional 664 shares during the last quarter. Park Avenue Securities LLC raised its position in shares of Cheniere Energy by 23.8% in the 2nd quarter. Park Avenue Securities LLC now owns 8,183 shares of the energy company’s stock valued at $1,993,000 after acquiring an additional 1,574 shares during the period. GAMMA Investing LLC boosted its stake in Cheniere Energy by 30.8% during the 2nd quarter. GAMMA Investing LLC now owns 1,935 shares of the energy company’s stock worth $471,000 after acquiring an additional 456 shares during the last quarter. Finally, Ballentine Partners LLC boosted its stake in Cheniere Energy by 5.5% during the 2nd quarter. Ballentine Partners LLC now owns 4,632 shares of the energy company’s stock worth $1,128,000 after acquiring an additional 243 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

Shares of Cheniere Energy stock opened at $206.68 on Friday. The firm has a market cap of $44.49 billion, a price-to-earnings ratio of 11.51, a price-to-earnings-growth ratio of 6.67 and a beta of 0.26. The stock’s 50-day moving average is $199.64 and its 200-day moving average is $219.42. Cheniere Energy, Inc. has a one year low of $186.20 and a one year high of $246.42. 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 (NYSE:LNG) last posted its quarterly earnings data on Wednesday, October 29th. The energy company reported $4.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.75 by $2.00. The business had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.87 billion. Cheniere Energy had a return on equity of 37.52% and a net margin of 21.12%.Cheniere Energy’s quarterly revenue was up 18.0% on a year-over-year basis. During the same period last year, the company earned $3.93 earnings per share. Equities analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 18th. Stockholders of record on Friday, November 7th were issued a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.1%. This is a boost from Cheniere Energy’s previous quarterly dividend of $0.50. The ex-dividend date was Friday, November 7th. Cheniere Energy’s dividend payout ratio is 12.37%.

Insider Activity at Cheniere Energy

In other Cheniere Energy news, Director W Benjamin Moreland bought 5,000 shares of Cheniere Energy stock in a transaction that occurred on Tuesday, November 4th. The stock was acquired at an average price of $208.22 per share, for a total transaction of $1,041,100.00. Following the completion of the acquisition, the director owned 9,856 shares of the company’s stock, valued at $2,052,216.32. This trade represents a 102.97% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.26% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have commented on LNG. Zacks Research downgraded shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. BMO Capital Markets restated an “outperform” rating and issued a $254.00 price objective on shares of Cheniere Energy in a research report on Wednesday, December 17th. Jefferies Financial Group set a $290.00 price objective on Cheniere Energy in a research note on Thursday, October 30th. Erste Group Bank cut Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, November 10th. Finally, Raymond James Financial restated a “strong-buy” rating and issued a $278.00 price target (up from $275.00) on shares of Cheniere Energy in a report on Friday, October 24th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Cheniere Energy has a consensus rating of “Moderate Buy” and an average price target of $265.59.

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.