1858 Wealth Management LLC Sells 98 Shares of Cheniere Energy, Inc. (NYSE:LNG)

1858 Wealth Management LLC cut its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 6.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,326 shares of the energy company’s stock after selling 98 shares during the quarter. 1858 Wealth Management LLC’s holdings in Cheniere Energy were worth $285,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB increased its stake in shares of Cheniere Energy by 170.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock valued at $26,000 after acquiring an additional 75 shares in the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new stake in Cheniere Energy in the third quarter worth $27,000. Capital Performance Advisors LLP acquired a new stake in Cheniere Energy in the third quarter worth $28,000. Adirondack Trust Co. bought a new stake in Cheniere Energy in the fourth quarter valued at $43,000. Finally, City Holding Co. acquired a new position in shares of Cheniere Energy during the fourth quarter valued at about $50,000. 87.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LNG has been the subject of several research reports. Wells Fargo & Company raised their target price on Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Morgan Stanley raised their price objective on Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. TD Cowen upped 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 increased their target price on Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Finally, Scotiabank boosted their price target on shares of Cheniere Energy from $242.00 to $247.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $234.25.

Cheniere Energy Stock Down 0.7 %

LNG stock opened at $228.04 on Wednesday. The stock has a market cap of $51.17 billion, a P/E ratio of 14.56 and a beta of 0.98. 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 stock’s fifty day simple moving average is $223.39 and its two-hundred day simple moving average is $199.97. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $257.65.

Cheniere Energy Announces Dividend

The business 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 dividend of $0.50 per share. The ex-dividend date is Friday, February 7th. This represents a $2.00 annualized dividend and a yield of 0.88%. Cheniere Energy’s payout ratio is currently 12.77%.

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.