WealthPLAN Partners LLC Decreases Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

WealthPLAN Partners LLC lessened its stake in Cheniere Energy, Inc. (NYSE:LNG) by 18.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 8,905 shares of the energy company’s stock after selling 2,041 shares during the quarter. WealthPLAN Partners LLC’s holdings in Cheniere Energy were worth $1,913,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in LNG. MassMutual Private Wealth & Trust FSB increased its stake in shares of Cheniere Energy by 170.5% during 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 in the last quarter. Capital Performance Advisors LLP acquired a new stake in Cheniere Energy in the 3rd quarter worth about $28,000. Adirondack Trust Co. purchased a new stake in Cheniere Energy during the 4th quarter worth approximately $43,000. City Holding Co. acquired a new position in shares of Cheniere Energy during the fourth quarter valued at approximately $50,000. Finally, Farther Finance Advisors LLC lifted its position in shares of Cheniere Energy by 53.3% in the third quarter. Farther Finance Advisors LLC now owns 368 shares of the energy company’s stock valued at $66,000 after acquiring an additional 128 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Morgan Stanley boosted their price target on Cheniere Energy from $195.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Barclays upped their target price on shares of Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. The Goldman Sachs Group raised their price target on shares of Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Scotiabank upped their price objective 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. Finally, TD Cowen increased their price objective on shares of Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a report on Monday, January 27th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Cheniere Energy presently has an average rating of “Moderate Buy” and a consensus target price of $234.25.

Cheniere Energy Stock Up 1.6 %

Shares of NYSE LNG opened at $213.37 on Friday. The company has a market capitalization 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 current ratio of 1.07 and a quick ratio of 0.98. The company has a 50 day simple moving average of $222.75 and a 200-day simple moving average of $201.95. Cheniere Energy, Inc. has a 1 year low of $152.31 and a 1 year high of $257.65.

Cheniere Energy Announces Dividend

The firm also recently announced 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 yield of 0.94%. Cheniere Energy’s dividend payout ratio is currently 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.