Hardy Reed LLC Sells 377 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Hardy Reed LLC trimmed its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 14.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,203 shares of the energy company’s stock after selling 377 shares during the quarter. Hardy Reed LLC’s holdings in Cheniere Energy were worth $473,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Wellington Management Group LLP raised its holdings in Cheniere Energy by 195.1% in the 3rd quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company’s stock worth $755,410,000 after purchasing an additional 2,776,920 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Cheniere Energy by 91.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company’s stock worth $673,927,000 after buying an additional 1,789,919 shares in the last quarter. Ninety One UK Ltd increased its stake in Cheniere Energy by 1,400.7% in the 4th quarter. Ninety One UK Ltd now owns 1,509,717 shares of the energy company’s stock worth $324,393,000 after buying an additional 1,409,116 shares in the last quarter. Two Sigma Advisers LP increased its stake in Cheniere Energy by 328.2% in the 3rd quarter. Two Sigma Advisers LP now owns 894,600 shares of the energy company’s stock worth $160,885,000 after buying an additional 685,662 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in Cheniere Energy by 61.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,664,439 shares of the energy company’s stock worth $357,638,000 after buying an additional 631,787 shares in the last quarter. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Trading Up 1.5 %

LNG opened at $218.79 on Thursday. The firm has a market cap 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. The stock has a 50-day moving average of $222.61 and a 200 day moving average of $202.99.

Cheniere Energy Dividend Announcement

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

Analysts Set New Price Targets

LNG has been the subject of a number of analyst reports. Barclays increased their price target on Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Scotiabank raised their price objective on Cheniere Energy from $242.00 to $247.00 and gave the company a “sector outperform” rating in a research report on Tuesday, January 21st. UBS Group raised their price objective on Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, November 15th. 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 report on Friday, January 31st. Finally, Stifel Nicolaus raised their price objective on Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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.