Cheniere Energy, Inc. (NYSE:LNG) Position Reduced by Covenant Asset Management LLC

Covenant Asset Management LLC lessened its position in Cheniere Energy, Inc. (NYSE:LNG) by 0.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 24,070 shares of the energy company’s stock after selling 164 shares during the period. Cheniere Energy makes up 0.8% of Covenant Asset Management LLC’s holdings, making the stock its 19th largest position. Covenant Asset Management LLC’s holdings in Cheniere Energy were worth $5,172,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB raised its holdings 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 worth $26,000 after purchasing an additional 75 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of Cheniere Energy in the third quarter valued at $28,000. Adirondack Trust Co. acquired a new stake in shares of Cheniere Energy during the 4th quarter valued at $43,000. City Holding Co. bought a new stake in shares of Cheniere Energy during the 4th quarter worth $50,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of Cheniere Energy by 53.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 368 shares of the energy company’s stock worth $66,000 after acquiring an additional 128 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

Shares of LNG opened at $213.37 on Friday. The firm has a market cap of $47.87 billion, a price-to-earnings ratio of 13.62 and a beta of 0.98. The company’s fifty day moving average is $222.75 and its 200-day moving average is $201.95. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month 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 is Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.94%. Cheniere Energy’s dividend payout ratio is currently 12.77%.

Wall Street Analysts Forecast Growth

LNG has been the subject of a number of recent analyst reports. TD Cowen increased their price target on Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, January 27th. The Goldman Sachs Group raised their target price on shares of Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Morgan Stanley upped their price target on shares of Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Scotiabank lifted their price objective on shares of Cheniere Energy from $242.00 to $247.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. Finally, Stifel Nicolaus increased their target price on Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat.com, Cheniere Energy presently has an average rating of “Moderate Buy” and a consensus price target 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.