2,147 Shares in Cheniere Energy, Inc. (NYSE:LNG) Acquired by Kestra Investment Management LLC

Kestra Investment Management LLC acquired a new stake in Cheniere Energy, Inc. (NYSE:LNG) during the 4th quarter, HoldingsChannel reports. The firm acquired 2,147 shares of the energy company’s stock, valued at approximately $461,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LNG. Creative Planning increased its stake in shares of Cheniere Energy by 10.4% in the third quarter. Creative Planning now owns 32,688 shares of the energy company’s stock worth $5,879,000 after acquiring an additional 3,069 shares during the last quarter. Blue Trust Inc. grew its stake in Cheniere Energy by 205.4% in the third quarter. Blue Trust Inc. now owns 1,417 shares of the energy company’s stock valued at $248,000 after purchasing an additional 953 shares in the last quarter. Lake Street Private Wealth LLC increased its position in Cheniere Energy by 2.3% in the 3rd quarter. Lake Street Private Wealth LLC now owns 20,615 shares of the energy company’s stock worth $3,707,000 after purchasing an additional 459 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in shares of Cheniere Energy during the 3rd quarter worth about $285,800,000. Finally, Argent Capital Management LLC lifted its holdings in shares of Cheniere Energy by 2.7% during the 3rd quarter. Argent Capital Management LLC now owns 13,942 shares of the energy company’s stock valued at $2,507,000 after buying an additional 362 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on LNG shares. Wells Fargo & Company increased their price objective on Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Morgan Stanley increased 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. The Goldman Sachs Group lifted their price objective 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. Barclays increased their target price on shares of Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Finally, Scotiabank boosted their price target on Cheniere Energy from $242.00 to $247.00 and gave the stock a “sector outperform” rating in a research report 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 company. According to MarketBeat, Cheniere Energy presently has an average rating of “Moderate Buy” and a consensus target price of $234.25.

Cheniere Energy Stock Up 1.5 %

LNG opened at $218.79 on Thursday. The business has a 50 day moving average of $222.61 and a 200-day moving average of $202.99. The stock has a market capitalization of $49.09 billion, a price-to-earnings ratio of 13.97 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. 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. Shareholders 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 annualized dividend and a yield of 0.91%. Cheniere Energy’s dividend payout ratio is 12.77%.

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.