Strategic Financial Concepts LLC Takes $3.52 Million Position in Cheniere Energy, Inc. (NYSE:LNG)

Strategic Financial Concepts LLC bought a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 16,364 shares of the energy company’s stock, valued at approximately $3,516,000.

Other hedge funds have also recently bought and sold shares of the company. Geneos Wealth Management Inc. raised its holdings in shares of Cheniere Energy by 10.3% during the fourth quarter. Geneos Wealth Management Inc. now owns 460 shares of the energy company’s stock worth $99,000 after acquiring an additional 43 shares during the period. Flagship Harbor Advisors LLC raised its stake in shares of Cheniere Energy by 2.0% in the 4th quarter. Flagship Harbor Advisors LLC now owns 2,339 shares of the energy company’s stock valued at $503,000 after purchasing an additional 46 shares during the period. Octavia Wealth Advisors LLC lifted its holdings in shares of Cheniere Energy by 3.7% in the third quarter. Octavia Wealth Advisors LLC now owns 1,498 shares of the energy company’s stock valued at $269,000 after purchasing an additional 54 shares in the last quarter. Chemistry Wealth Management LLC boosted its position in shares of Cheniere Energy by 5.2% during the fourth quarter. Chemistry Wealth Management LLC now owns 1,241 shares of the energy company’s stock worth $267,000 after buying an additional 61 shares during the period. Finally, Premier Path Wealth Partners LLC grew its holdings in shares of Cheniere Energy by 5.4% during the fourth quarter. Premier Path Wealth Partners LLC now owns 1,191 shares of the energy company’s stock worth $256,000 after buying an additional 61 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LNG has been the subject of a number of recent research reports. Wells Fargo & Company upped their price target on Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Barclays raised their target price 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. TD Cowen boosted their price target on shares of Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Bank of America initiated coverage on Cheniere Energy in a report on Thursday, October 17th. They issued a “buy” rating and a $215.00 price objective for the company. Finally, The Goldman Sachs Group upped their target price on Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $234.25.

Cheniere Energy Stock Down 0.6 %

LNG opened at $217.23 on Monday. The stock’s fifty day simple moving average is $223.48 and its 200 day simple moving average is $201.05. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $257.65. The stock has a market cap of $48.74 billion, a PE 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 business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Friday, February 7th. Cheniere Energy’s payout ratio is 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.