B. Riley Wealth Advisors Inc. Purchases 1,336 Shares of Cheniere Energy, Inc. (NYSE:LNG)

B. Riley Wealth Advisors Inc. raised its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 23.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,945 shares of the energy company’s stock after purchasing an additional 1,336 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Cheniere Energy were worth $341,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA increased its stake in Cheniere Energy by 1,490.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,957,451 shares of the energy company’s stock valued at $342,221,000 after purchasing an additional 1,834,347 shares in the last quarter. TD Asset Management Inc lifted its holdings in Cheniere Energy by 231.8% during the first quarter. TD Asset Management Inc now owns 1,338,752 shares of the energy company’s stock valued at $215,914,000 after purchasing an additional 935,239 shares in the last quarter. Darlington Partners Capital Management LP increased its stake in Cheniere Energy by 74.6% during the 2nd quarter. Darlington Partners Capital Management LP now owns 1,514,155 shares of the energy company’s stock worth $264,720,000 after buying an additional 647,096 shares in the last quarter. Zimmer Partners LP raised its stake in Cheniere Energy by 61.4% in the 1st quarter. Zimmer Partners LP now owns 1,222,723 shares of the energy company’s stock valued at $197,201,000 after purchasing an additional 465,000 shares during the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new position in shares of Cheniere Energy in the first quarter worth about $70,682,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Stock Up 0.9 %

Shares of Cheniere Energy stock opened at $190.06 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 0.93 and a debt-to-equity ratio of 2.63. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $191.05. The business’s 50 day simple moving average is $181.45 and its 200-day simple moving average is $169.58. The stock has a market capitalization of $43.51 billion, a price-to-earnings ratio of 9.26 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, August 8th. The energy company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.12. Cheniere Energy had a net margin of 27.05% and a return on equity of 39.42%. The firm had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Equities research analysts forecast that Cheniere Energy, Inc. will post 9.74 earnings per share for the current year.

Cheniere Energy Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 14th. Shareholders of record on Wednesday, August 7th were given a $0.775 dividend. This represents a $3.10 annualized dividend and a yield of 1.63%. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend was Wednesday, August 7th. Cheniere Energy’s dividend payout ratio (DPR) is currently 8.48%.

Cheniere Energy announced that its Board of Directors has approved a stock buyback plan on Monday, June 17th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the energy company to buy up to 9.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LNG. Sanford C. Bernstein initiated coverage on shares of Cheniere Energy in a report on Monday, June 24th. They issued an “outperform” rating for the company. Barclays lifted their price target on Cheniere Energy from $194.00 to $199.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th. Stifel Nicolaus reduced their target price on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, TD Cowen lifted their price objective on shares of Cheniere Energy from $178.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, June 17th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $195.00.

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.