Morningstar Investment Management LLC Sells 12,263 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Morningstar Investment Management LLC decreased its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 44.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,536 shares of the energy company’s stock after selling 12,263 shares during the period. Morningstar Investment Management LLC’s holdings in Cheniere Energy were worth $3,338,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB lifted its position in Cheniere Energy by 170.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock valued at $26,000 after purchasing an additional 75 shares during the period. Capital Performance Advisors LLP purchased a new stake in Cheniere Energy during the 3rd quarter valued at $28,000. Adirondack Trust Co. bought a new position in shares of Cheniere Energy during the 4th quarter valued at $43,000. City Holding Co. purchased a new position in shares of Cheniere Energy in the 4th quarter worth $50,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of Cheniere Energy by 53.3% in the third quarter. Farther Finance Advisors LLC now owns 368 shares of the energy company’s stock worth $66,000 after acquiring an additional 128 shares during the period. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

NYSE:LNG opened at $218.79 on Thursday. The stock has a 50-day moving average price of $222.61 and a 200 day moving average price of $202.99. The stock has a market capitalization of $49.09 billion, a P/E ratio of 13.97 and a beta of 0.98. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $257.65. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41.

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Friday, February 7th. Cheniere Energy’s payout ratio is currently 12.77%.

Wall Street Analyst Weigh In

LNG has been the topic of several research reports. TD Cowen raised their target price on Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Stifel Nicolaus raised their price objective on shares of Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. The Goldman Sachs Group upped their target price 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. Morgan Stanley lifted their price target on shares of Cheniere Energy from $195.00 to $255.00 and gave the stock an “overweight” rating in a research note on Friday, January 31st. Finally, Scotiabank upped their price objective on Cheniere Energy from $242.00 to $247.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, January 21st. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Cheniere Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $234.25.

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.