Raab & Moskowitz Asset Management LLC Makes New $201,000 Investment in Cheniere Energy, Inc. (NYSE:LNG)

Raab & Moskowitz Asset Management LLC bought a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 1,175 shares of the energy company’s stock, valued at approximately $201,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Truist Financial Corp boosted its position in Cheniere Energy by 22.4% during the fourth quarter. Truist Financial Corp now owns 30,491 shares of the energy company’s stock worth $5,205,000 after purchasing an additional 5,586 shares during the period. Rather & Kittrell Inc. boosted its position in shares of Cheniere Energy by 22.5% in the fourth quarter. Rather & Kittrell Inc. now owns 1,498 shares of the energy company’s stock valued at $256,000 after acquiring an additional 275 shares during the period. Syon Capital LLC boosted its position in shares of Cheniere Energy by 4.7% in the fourth quarter. Syon Capital LLC now owns 1,618 shares of the energy company’s stock valued at $276,000 after acquiring an additional 73 shares during the period. Meritage Portfolio Management boosted its position in shares of Cheniere Energy by 6.7% in the fourth quarter. Meritage Portfolio Management now owns 140,193 shares of the energy company’s stock valued at $23,932,000 after acquiring an additional 8,860 shares during the period. Finally, BIP Wealth LLC bought a new stake in shares of Cheniere Energy in the fourth quarter valued at approximately $593,000. Institutional investors own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on LNG shares. Barclays increased their price objective on 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 initiated coverage on Cheniere Energy in a research note on Tuesday, April 16th. They issued a “neutral” rating and a $162.00 target price for the company. TD Cowen cut their target price on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating for the company in a research note on Tuesday, February 27th. StockNews.com lowered Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Finally, UBS Group cut their target price on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating for the company in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Cheniere Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $193.90.

Cheniere Energy Price Performance

Shares of LNG stock traded down $0.22 during trading hours on Friday, hitting $159.14. 1,286,921 shares of the company’s stock were exchanged, compared to its average volume of 1,593,861. The company has a 50-day moving average price of $157.96. 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 firm has a market cap of $36.71 billion, a PE ratio of 3.93 and a beta of 0.94. Cheniere Energy, Inc. has a 52 week low of $135.30 and a 52 week high of $183.46.

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

Cheniere Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 10th will be issued a $0.435 dividend. This represents a $1.74 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Thursday, May 9th. Cheniere Energy’s dividend payout ratio is 4.30%.

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.