Cheniere Energy, Inc. (NYSE:LNG) Stake Lowered by Rhumbline Advisers

Rhumbline Advisers reduced its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 2.8% during the 4th quarter, HoldingsChannel reports. The fund owned 323,140 shares of the energy company’s stock after selling 9,478 shares during the period. Rhumbline Advisers’ holdings in Cheniere Energy were worth $69,433,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Geneos Wealth Management Inc. boosted its holdings in Cheniere Energy by 10.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 460 shares of the energy company’s stock worth $99,000 after purchasing an additional 43 shares in the last quarter. Flagship Harbor Advisors LLC boosted its holdings in Cheniere Energy by 2.0% in the fourth quarter. Flagship Harbor Advisors LLC now owns 2,339 shares of the energy company’s stock worth $503,000 after purchasing an additional 46 shares in the last quarter. Chemistry Wealth Management LLC boosted its holdings in Cheniere Energy by 5.2% in the fourth quarter. Chemistry Wealth Management LLC now owns 1,241 shares of the energy company’s stock worth $267,000 after purchasing an additional 61 shares in the last quarter. Premier Path Wealth Partners LLC boosted its holdings in Cheniere Energy by 5.4% in the fourth quarter. Premier Path Wealth Partners LLC now owns 1,191 shares of the energy company’s stock worth $256,000 after purchasing an additional 61 shares in the last quarter. Finally, MAI Capital Management boosted its holdings in Cheniere Energy by 1.5% in the third quarter. MAI Capital Management now owns 4,204 shares of the energy company’s stock worth $756,000 after purchasing an additional 62 shares in the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Stock Up 1.6 %

Shares of LNG opened at $213.37 on Monday. The company has a 50-day simple moving average of $222.58 and a 200-day simple moving average of $202.34. The firm has a market capitalization of $47.87 billion, a P/E ratio of 13.62 and a beta of 0.98. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $257.65.

Cheniere Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend is Friday, February 7th. Cheniere Energy’s dividend payout ratio (DPR) is presently 12.77%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on LNG. TD Cowen upped their price objective on shares of Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Barclays upped their price target on shares of Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. UBS Group upped their price target on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a report on Friday, November 15th. The Goldman Sachs Group upped their price target on shares of Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Finally, Scotiabank upped their price target on shares of Cheniere Energy from $242.00 to $247.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 21st. Two equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $234.25.

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.