Golden State Wealth Management LLC Makes New $86,000 Investment in Cheniere Energy, Inc. (NYSE:LNG)

Golden State Wealth Management LLC bought a new position in Cheniere Energy, Inc. (NYSE:LNG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 401 shares of the energy company’s stock, valued at approximately $86,000.

A number of other large investors also recently modified their holdings of the stock. MassMutual Private Wealth & Trust FSB raised its position in Cheniere Energy by 170.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock worth $26,000 after purchasing an additional 75 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Cheniere Energy in the 3rd quarter valued at $28,000. Adirondack Trust Co. acquired a new stake in shares of Cheniere Energy in the 4th quarter valued at $43,000. City Holding Co. bought a new stake in shares of Cheniere Energy during the fourth quarter worth $50,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of Cheniere Energy during the third quarter valued at $53,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Stock Down 0.6 %

NYSE:LNG opened at $217.23 on Monday. Cheniere Energy, Inc. has a 1 year low of $152.31 and a 1 year high of $257.65. The stock has a 50-day moving average price of $223.48 and a two-hundred day moving average price of $201.05. The stock has a market cap of $48.74 billion, a price-to-earnings ratio of 13.87 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued 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 dividend payout ratio (DPR) is 12.77%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LNG. Stifel Nicolaus lifted their price objective on Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Wells Fargo & Company lifted their price target on shares of Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. The Goldman Sachs Group increased their price objective on shares of Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Royal Bank of Canada lifted their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Finally, Bank of America started coverage on shares of Cheniere Energy in a research report on Thursday, October 17th. They set a “buy” rating and a $215.00 target price for the company. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus 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.