Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lessened its stake in Cheniere Energy, Inc. (NYSE:LNG) by 27.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,403 shares of the energy company’s stock after selling 3,613 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Cheniere Energy were worth $1,644,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of LNG. Vanguard Group Inc. lifted its holdings in Cheniere Energy by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 22,529,191 shares of the energy company’s stock valued at $3,845,958,000 after acquiring an additional 151,311 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of Cheniere Energy by 8.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,270,853 shares of the energy company’s stock valued at $921,503,000 after purchasing an additional 413,744 shares in the last quarter. Tortoise Capital Advisors L.L.C. lifted its stake in shares of Cheniere Energy by 9.2% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 3,242,899 shares of the energy company’s stock valued at $566,956,000 after purchasing an additional 273,588 shares during the period. Pacer Advisors Inc. boosted its holdings in Cheniere Energy by 7.4% during the second quarter. Pacer Advisors Inc. now owns 2,921,837 shares of the energy company’s stock worth $510,825,000 after buying an additional 202,097 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its position in Cheniere Energy by 5.1% during the second quarter. Canada Pension Plan Investment Board now owns 2,060,622 shares of the energy company’s stock valued at $360,259,000 after buying an additional 99,678 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. TD Cowen upped their price objective on shares of Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. Barclays increased their price target on Cheniere Energy from $194.00 to $199.00 and gave the stock 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 for the company. Finally, Stifel Nicolaus decreased their target price on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, Cheniere Energy currently has an average rating of “Moderate Buy” and an average price target of $196.25.

Cheniere Energy Stock Up 1.8 %

NYSE LNG opened at $184.55 on Thursday. Cheniere Energy, Inc. has a one year low of $152.31 and a one year high of $187.44. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.93 and a current ratio of 1.02. The business has a fifty day moving average price of $181.00 and a 200 day moving average price of $169.16. The company has a market cap of $42.25 billion, a P/E ratio of 8.99 and a beta of 0.95.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, August 8th. The energy company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.12. Cheniere Energy had a net margin of 27.05% and a return on equity of 39.42%. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $2.04 billion. Research analysts anticipate that Cheniere Energy, Inc. will post 9.74 EPS for the current fiscal year.

Cheniere Energy declared that its Board of Directors has approved a share buyback program on Monday, June 17th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the energy company to reacquire up to 9.6% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board believes its stock is undervalued.

Cheniere Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 14th. Stockholders of record on Wednesday, August 7th were issued a dividend of $0.775 per share. This is a boost from Cheniere Energy’s previous quarterly dividend of $0.62. This represents a $3.10 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend was Wednesday, August 7th. Cheniere Energy’s payout ratio is currently 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.