Mitsubishi UFJ Asset Management UK Ltd. purchased a new stake in Cheniere Energy, Inc. (NYSE:LNG – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,000 shares of the energy company’s stock, valued at approximately $430,000.
Several other institutional investors and hedge funds have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB raised its position 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 buying an additional 75 shares in the last quarter. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of Cheniere Energy in the 3rd quarter valued at $27,000. Capital Performance Advisors LLP acquired a new stake in shares of Cheniere Energy in the 3rd quarter valued at $28,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Cheniere Energy in the 2nd quarter valued at $30,000. Finally, City Holding Co. bought a new stake in shares of Cheniere Energy during the 4th quarter worth $50,000. Institutional investors own 87.26% of the company’s stock.
Cheniere Energy Price Performance
Shares of NYSE:LNG opened at $249.71 on Wednesday. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $257.65. The stock’s 50 day moving average is $220.52 and its 200-day moving average is $196.18. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The firm has a market capitalization of $56.03 billion, a price-to-earnings ratio of 15.95 and a beta of 0.99.
Cheniere Energy Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.80%. The ex-dividend date was Friday, November 8th. Cheniere Energy’s dividend payout ratio (DPR) is presently 12.77%.
Analyst Upgrades and Downgrades
A number of research analysts have issued reports on the company. Barclays lifted their target price on Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Wells Fargo & Company lifted their price target on shares of Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Royal Bank of Canada increased their price objective on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. UBS Group raised their target price on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Finally, TD Cowen upped their price target on shares of Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Two equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $231.64.
Check Out Our Latest Stock Report on LNG
Cheniere Energy 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.
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