Concurrent Investment Advisors LLC Decreases Stake in Cheniere Energy, Inc. (NYSE:LNG)

Concurrent Investment Advisors LLC lowered its position in Cheniere Energy, Inc. (NYSE:LNG) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,358 shares of the energy company’s stock after selling 198 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Cheniere Energy were worth $936,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of LNG. MassMutual Private Wealth & Trust FSB raised 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 during the last quarter. Capital Performance Advisors LLP acquired a new stake in Cheniere Energy in the third quarter valued at $28,000. Adirondack Trust Co. acquired a new stake in shares of Cheniere Energy during the fourth quarter valued at $43,000. City Holding Co. acquired a new stake in shares of Cheniere Energy during the fourth quarter valued at $50,000. Finally, Farther Finance Advisors LLC boosted its stake in 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 buying an additional 128 shares during the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. UBS Group raised their price target on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Barclays lifted their price objective on Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Morgan Stanley lifted their target price on Cheniere Energy from $195.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Wells Fargo & Company boosted their price objective on Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Finally, Scotiabank lifted their target price on Cheniere Energy from $242.00 to $247.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $235.75.

Cheniere Energy Stock Down 2.7 %

Shares of Cheniere Energy stock opened at $220.90 on Monday. The stock’s fifty day moving average is $223.08 and its 200-day moving average is $203.98. The firm has a market capitalization of $49.56 billion, a PE ratio of 15.52 and a beta of 0.98. 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 (NYSE:LNG) last announced its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 EPS for the quarter, beating analysts’ consensus estimates of $2.74 by $1.59. The firm had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.44 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. Equities analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.91%. Cheniere Energy’s dividend payout ratio is currently 14.05%.

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.