Cheniere Energy, Inc. $LNG Shares Acquired by Prestige Wealth Management Group LLC

Prestige Wealth Management Group LLC increased its stake in Cheniere Energy, Inc. (NYSE:LNG) by 3,940.0% during the 1st quarter, Holdings Channel reports. The fund owned 2,020 shares of the energy company’s stock after purchasing an additional 1,970 shares during the quarter. Prestige Wealth Management Group LLC’s holdings in Cheniere Energy were worth $573,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Militia Capital Management LLC acquired a new position in Cheniere Energy during the 1st quarter worth $3,405,000. Signature Equity Partners LLC increased its holdings in Cheniere Energy by 316.2% during the 1st quarter. Signature Equity Partners LLC now owns 154 shares of the energy company’s stock worth $44,000 after purchasing an additional 117 shares during the period. NewEdge Wealth LLC increased its holdings in Cheniere Energy by 76.4% during the 1st quarter. NewEdge Wealth LLC now owns 6,197 shares of the energy company’s stock worth $1,759,000 after purchasing an additional 2,683 shares during the period. First Trust Advisors LP raised its position in Cheniere Energy by 58.4% in the 1st quarter. First Trust Advisors LP now owns 224,192 shares of the energy company’s stock valued at $63,617,000 after purchasing an additional 82,668 shares in the last quarter. Finally, Millennium Capital Advisors LLC acquired a new stake in Cheniere Energy in the 1st quarter valued at about $220,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Trading Up 1.9%

NYSE:LNG opened at $267.51 on Thursday. Cheniere Energy, Inc. has a 1 year low of $186.20 and a 1 year high of $300.89. The stock has a market cap of $56.06 billion, a P/E ratio of 44.00 and a beta of -0.01. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.48 and a current ratio of 0.57. The stock has a 50-day simple moving average of $243.34 and a 200-day simple moving average of $241.35.

Cheniere Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Monday, May 11th were issued a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Monday, May 11th. Cheniere Energy’s dividend payout ratio is 36.51%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on LNG shares. Wall Street Zen downgraded Cheniere Energy from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Zacks Research upgraded shares of Cheniere Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. Wolfe Research reiterated an “outperform” rating and set a $300.00 price target on shares of Cheniere Energy in a report on Tuesday, June 2nd. Weiss Ratings downgraded shares of Cheniere Energy from a “buy (b)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Finally, Jefferies Financial Group increased their price objective on shares of Cheniere Energy from $275.00 to $330.00 and gave the company a “buy” rating in a research report on Tuesday, April 7th. Three analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, Cheniere Energy currently has an average rating of “Buy” and a consensus target price of $298.47.

Cheniere Energy Company Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long?term and short?term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.