J2 Capital Management Inc Acquires Shares of 2,066 Cheniere Energy, Inc. (NYSE:LNG)

J2 Capital Management Inc bought a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,066 shares of the energy company’s stock, valued at approximately $444,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in LNG. Octavia Wealth Advisors LLC lifted its position in Cheniere Energy by 3.7% during the 3rd quarter. Octavia Wealth Advisors LLC now owns 1,498 shares of the energy company’s stock worth $269,000 after acquiring an additional 54 shares during the period. Chemistry Wealth Management LLC grew its position in Cheniere Energy by 5.2% in the 4th quarter. Chemistry Wealth Management LLC now owns 1,241 shares of the energy company’s stock valued at $267,000 after buying an additional 61 shares during the last quarter. Premier Path Wealth Partners LLC increased its stake in Cheniere Energy by 5.4% in the 4th quarter. Premier Path Wealth Partners LLC now owns 1,191 shares of the energy company’s stock valued at $256,000 after buying an additional 61 shares during the period. MAI Capital Management raised its position in Cheniere Energy by 1.5% during the 3rd quarter. MAI Capital Management now owns 4,204 shares of the energy company’s stock worth $756,000 after buying an additional 62 shares during the last quarter. Finally, Sapient Capital LLC raised its position in Cheniere Energy by 0.9% during the 3rd quarter. Sapient Capital LLC now owns 7,514 shares of the energy company’s stock worth $1,351,000 after buying an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LNG. Scotiabank initiated coverage on shares of Cheniere Energy in a research note on Friday, January 10th. They set a “sector outperform” rating and a $242.00 price target on the stock. UBS Group boosted their target price on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Stifel Nicolaus raised their price target on Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Wells Fargo & Company increased their price objective on Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Finally, The Goldman Sachs Group raised their target price on Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $231.18.

Cheniere Energy Stock Down 0.4 %

Shares of NYSE LNG opened at $252.70 on Friday. The firm’s 50-day moving average is $219.76 and its two-hundred day moving average is $195.48. The company has a market capitalization of $56.70 billion, a PE ratio of 16.14 and a beta of 0.99. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $257.65. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, beating analysts’ consensus estimates of $1.87 by $2.06. The firm had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. During the same quarter in the prior year, the firm earned $2.37 EPS. Cheniere Energy’s quarterly revenue was down 9.5% on a year-over-year basis. Equities analysts anticipate that Cheniere Energy, Inc. will post 12.66 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.79%. The ex-dividend date was Friday, November 8th. Cheniere Energy’s payout ratio is 12.77%.

Cheniere Energy 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.