Miracle Mile Advisors LLC Purchases New Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Miracle Mile Advisors LLC acquired a new position in Cheniere Energy, Inc. (NYSE:LNG) during the 4th quarter, HoldingsChannel.com reports. The fund acquired 9,901 shares of the energy company’s stock, valued at approximately $2,127,000.

A number of other institutional investors have also recently bought and sold shares of LNG. Octavia Wealth Advisors LLC raised its stake in Cheniere Energy by 3.7% in the third quarter. Octavia Wealth Advisors LLC now owns 1,498 shares of the energy company’s stock valued at $269,000 after purchasing an additional 54 shares in the last quarter. MAI Capital Management raised its position in shares of Cheniere Energy by 1.5% during the 3rd quarter. MAI Capital Management now owns 4,204 shares of the energy company’s stock valued at $756,000 after buying an additional 62 shares in the last quarter. Sapient Capital LLC lifted its holdings in shares of 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 acquiring an additional 67 shares during the last quarter. Quarry LP grew its position in Cheniere Energy by 7.6% in the third quarter. Quarry LP now owns 1,057 shares of the energy company’s stock worth $190,000 after acquiring an additional 75 shares in the last quarter. Finally, CWM LLC increased its stake in Cheniere Energy by 2.4% in the third quarter. CWM LLC now owns 3,238 shares of the energy company’s stock valued at $582,000 after acquiring an additional 76 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

Cheniere Energy stock opened at $229.69 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The firm has a market cap of $51.53 billion, a P/E ratio of 14.67 and a beta of 0.99. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $230.11. The firm has a 50-day moving average of $215.81 and a 200-day moving average of $193.53.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, topping the consensus estimate of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The business had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.76 billion. During the same quarter last year, the business posted $2.37 EPS. The business’s revenue was down 9.5% on a year-over-year basis. Sell-side analysts expect that Cheniere Energy, Inc. will post 11.25 EPS for the current year.

Cheniere Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy’s payout ratio is currently 12.77%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on LNG shares. Stifel Nicolaus lifted their price target on Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. The Goldman Sachs Group upped their target price on Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Barclays lifted their price target on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Royal Bank of Canada upped their price objective on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, Scotiabank initiated coverage on shares of Cheniere Energy in a report on Friday. They set a “sector outperform” rating and a $242.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Cheniere Energy has a consensus rating of “Moderate Buy” and an average target price of $226.55.

About Cheniere Energy

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.