IFG Advisory LLC Invests $229,000 in Cheniere Energy, Inc. (NYSE:LNG)

IFG Advisory LLC acquired a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,310 shares of the energy company’s stock, valued at approximately $229,000.

Other large investors also recently bought and sold shares of the company. Crewe Advisors LLC bought a new position in Cheniere Energy during the 1st quarter valued at about $26,000. Lynx Investment Advisory purchased a new position in shares of Cheniere Energy during the second quarter valued at approximately $27,000. Cooksen Wealth LLC purchased a new position in shares of Cheniere Energy during the fourth quarter valued at approximately $28,000. Riverview Trust Co bought a new position in Cheniere Energy during the first quarter valued at approximately $29,000. Finally, Capital Advisors Ltd. LLC boosted its holdings in Cheniere Energy by 57.6% in the second quarter. Capital Advisors Ltd. LLC now owns 186 shares of the energy company’s stock worth $33,000 after purchasing an additional 68 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Stifel Nicolaus decreased their target price on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Barclays upped their price objective on Cheniere Energy from $194.00 to $199.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. Sanford C. Bernstein initiated coverage on Cheniere Energy in a research report on Monday, June 24th. They issued an “outperform” rating on the stock. JPMorgan Chase & Co. boosted their price target on Cheniere Energy from $213.00 to $214.00 and gave the company an “overweight” rating in a research note on Friday, May 17th. Finally, TD Cowen increased their price objective on shares of Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. Two research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $196.40.

Cheniere Energy Price Performance

NYSE LNG opened at $185.26 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 0.93 and a debt-to-equity ratio of 2.63. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month high of $187.44. The stock has a market cap of $42.41 billion, a price-to-earnings ratio of 9.02 and a beta of 0.96. The company’s 50 day moving average is $179.11 and its two-hundred day moving average is $165.51.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Thursday, August 8th. The energy company reported $3.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $2.13. Cheniere Energy had a net margin of 27.05% and a return on equity of 39.42%. The firm had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.52 billion. During the same period in the prior year, the company posted $5.61 earnings per share. The company’s revenue for the quarter was down 19.6% compared to the same quarter last year. As a group, research analysts anticipate that Cheniere Energy, Inc. will post 9.74 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 9th were issued a dividend of $0.435 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.74 dividend on an annualized basis and a yield of 0.94%. Cheniere Energy’s dividend payout ratio is presently 8.48%.

Cheniere Energy announced that its board has initiated a stock repurchase program on Monday, June 17th that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the energy company to reacquire up to 9.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

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.