Cheniere Energy, Inc. (NYSE:LNG) Position Lessened by Tranquility Partners LLC

Tranquility Partners LLC lowered its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 1.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,755 shares of the energy company’s stock after selling 81 shares during the period. Tranquility Partners LLC’s holdings in Cheniere Energy were worth $1,022,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Miracle Mile Advisors LLC bought a new stake in Cheniere Energy during the 4th quarter valued at $2,127,000. Fractal Investments LLC raised its stake in Cheniere Energy by 31.0% during the 4th quarter. Fractal Investments LLC now owns 59,200 shares of the energy company’s stock valued at $12,720,000 after acquiring an additional 14,000 shares in the last quarter. Anderson Hoagland & Co. bought a new stake in Cheniere Energy during the 4th quarter valued at $2,460,000. Insight Wealth Strategies LLC bought a new stake in Cheniere Energy during the 4th quarter valued at $4,455,000. Finally, Kathmere Capital Management LLC bought a new stake in Cheniere Energy during the 4th quarter valued at $245,000. Institutional investors own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on LNG. UBS Group lifted their price target on Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Stifel Nicolaus lifted their price target on Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Bank of America began coverage on Cheniere Energy in a research report on Thursday, October 17th. They set a “buy” rating and a $215.00 price target on the stock. Royal Bank of Canada lifted their price target on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Finally, Barclays lifted their target price on Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, Cheniere Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $234.25.

Cheniere Energy Stock Performance

Shares of Cheniere Energy stock opened at $209.11 on Thursday. The stock has a market cap of $46.92 billion, a PE ratio of 13.35 and a beta of 0.98. The business has a fifty day simple moving average of $223.37 and a 200-day simple moving average of $201.85. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a yield of 0.96%. 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.