Thompson Investment Management Inc. Has $3.03 Million Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Thompson Investment Management Inc. reduced its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 6.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 14,100 shares of the energy company’s stock after selling 1,025 shares during the period. Thompson Investment Management Inc.’s holdings in Cheniere Energy were worth $3,030,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Empowered Funds LLC raised its holdings in shares of Cheniere Energy by 10.8% in the fourth quarter. Empowered Funds LLC now owns 28,497 shares of the energy company’s stock valued at $6,123,000 after purchasing an additional 2,770 shares during the last quarter. BayBridge Capital Group LLC raised its holdings in shares of Cheniere Energy by 2.3% in the fourth quarter. BayBridge Capital Group LLC now owns 6,957 shares of the energy company’s stock valued at $1,495,000 after purchasing an additional 158 shares during the last quarter. Platform Technology Partners acquired a new stake in shares of Cheniere Energy in the fourth quarter valued at approximately $219,000. Golden State Wealth Management LLC acquired a new stake in shares of Cheniere Energy in the fourth quarter valued at approximately $86,000. Finally, Strategic Financial Concepts LLC acquired a new stake in shares of Cheniere Energy in the fourth quarter valued at approximately $3,516,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on LNG shares. Morgan Stanley lifted their price objective on shares of Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Scotiabank raised their target price 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. TD Cowen raised their target price on shares of Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Royal Bank of Canada raised their target price 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. Finally, The Goldman Sachs Group raised their target price on shares of Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $234.25.

Cheniere Energy Trading Down 0.6 %

Shares of Cheniere Energy stock opened at $217.23 on Friday. The firm has a 50-day moving average of $223.48 and a 200-day moving average of $200.88. The stock has a market cap of $48.74 billion, a PE ratio of 13.87 and a beta of 0.98. Cheniere Energy, Inc. has a 52-week low of $152.31 and a 52-week high of $257.65. 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 Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.92%. Cheniere Energy’s payout ratio is presently 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.