WealthPlan Investment Management LLC Increases Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

WealthPlan Investment Management LLC lifted its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 14.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,097 shares of the energy company’s stock after buying an additional 2,270 shares during the quarter. WealthPlan Investment Management LLC’s holdings in Cheniere Energy were worth $3,888,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of LNG. MassMutual Private Wealth & Trust FSB grew its holdings in Cheniere Energy by 170.5% in the fourth 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 period. Capital Performance Advisors LLP bought a new stake in shares of Cheniere Energy in the 3rd quarter worth approximately $28,000. Adirondack Trust Co. purchased a new stake in shares of Cheniere Energy in the 4th quarter worth approximately $43,000. City Holding Co. bought a new position in Cheniere Energy during the 4th quarter valued at approximately $50,000. Finally, Farther Finance Advisors LLC boosted its holdings in Cheniere Energy by 53.3% in the third quarter. Farther Finance Advisors LLC now owns 368 shares of the energy company’s stock worth $66,000 after acquiring an additional 128 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on LNG. TD Cowen lifted their price target on Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Scotiabank upped their target price on shares of Cheniere Energy from $242.00 to $247.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, January 21st. Barclays raised their price target on shares of Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Stifel Nicolaus increased their target price on Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Finally, UBS Group lifted their target price on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $234.25.

Cheniere Energy Price Performance

Shares of Cheniere Energy stock opened at $213.37 on Friday. The stock has a market cap of $47.87 billion, a P/E ratio of 13.62 and a beta of 0.98. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The stock’s fifty day moving average is $222.75 and its 200 day moving average is $201.95. Cheniere Energy, Inc. has a one year low of $152.31 and a one year high of $257.65.

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a dividend of $0.50 per share. 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 0.94%. Cheniere Energy’s payout ratio is currently 12.77%.

About Cheniere Energy

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.