Sentry Investment Management LLC Buys Shares of 2,526 Cheniere Energy, Inc. (NYSE:LNG)

Sentry Investment Management LLC bought a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 2,526 shares of the energy company’s stock, valued at approximately $431,000.

A number of other large investors also recently added to or reduced their stakes in the business. Farmers & Merchants Investments Inc. lifted its position in Cheniere Energy by 21.1% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 345 shares of the energy company’s stock valued at $57,000 after purchasing an additional 60 shares during the period. Mutual Advisors LLC lifted its position in Cheniere Energy by 1.0% during the 3rd quarter. Mutual Advisors LLC now owns 6,224 shares of the energy company’s stock valued at $1,033,000 after purchasing an additional 64 shares during the period. Xcel Wealth Management LLC lifted its position in Cheniere Energy by 3.4% during the 4th quarter. Xcel Wealth Management LLC now owns 1,961 shares of the energy company’s stock valued at $335,000 after purchasing an additional 65 shares during the period. Winch Advisory Services LLC raised its position in shares of Cheniere Energy by 11.4% in the 3rd quarter. Winch Advisory Services LLC now owns 647 shares of the energy company’s stock valued at $107,000 after acquiring an additional 66 shares during the period. Finally, Simon Quick Advisors LLC raised its position in shares of Cheniere Energy by 3.1% in the 4th quarter. Simon Quick Advisors LLC now owns 2,182 shares of the energy company’s stock valued at $373,000 after acquiring an additional 66 shares during the period. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on LNG shares. StockNews.com downgraded shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, April 8th. Barclays increased their price target on shares of Cheniere Energy from $192.00 to $194.00 and gave the company an “overweight” rating in a research report on Wednesday, January 17th. Redburn Atlantic started coverage on shares of Cheniere Energy in a research report on Tuesday. They issued a “neutral” rating and a $162.00 price target on the stock. Finally, TD Cowen cut their price target on shares of Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 27th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $193.30.

Cheniere Energy Stock Performance

NYSE LNG opened at $154.35 on Tuesday. The business’s 50 day simple moving average is $158.56. Cheniere Energy, Inc. has a 52-week low of $135.30 and a 52-week high of $183.46. The company has a current ratio of 1.63, a quick ratio of 1.51 and a debt-to-equity ratio of 2.59. The company has a market cap of $36.22 billion, a PE ratio of 3.81 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, February 22nd. The energy company reported $5.76 earnings per share for the quarter, topping the consensus estimate of $2.70 by $3.06. The company had revenue of $4.82 billion during the quarter, compared to analysts’ expectations of $4.37 billion. Cheniere Energy had a net margin of 48.45% and a return on equity of 69.52%. The business’s quarterly revenue was down 46.9% on a year-over-year basis. During the same period last year, the business earned $15.78 EPS. On average, analysts predict that Cheniere Energy, Inc. will post 8.39 EPS for the current year.

Cheniere Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Tuesday, February 6th were paid a dividend of $0.435 per share. The ex-dividend date of this dividend was Monday, February 5th. This represents a $1.74 annualized dividend and a dividend yield of 1.13%. Cheniere Energy’s dividend payout ratio is currently 4.30%.

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.