1858 Wealth Management LLC Decreases Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

1858 Wealth Management LLC lessened its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 6.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,326 shares of the energy company’s stock after selling 98 shares during the period. 1858 Wealth Management LLC’s holdings in Cheniere Energy were worth $285,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in LNG. Geneos Wealth Management Inc. lifted its holdings in Cheniere Energy by 10.3% during the fourth quarter. Geneos Wealth Management Inc. now owns 460 shares of the energy company’s stock valued at $99,000 after purchasing an additional 43 shares during the last quarter. Flagship Harbor Advisors LLC raised its position in shares of Cheniere Energy by 2.0% in the fourth 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 stake in shares of Cheniere Energy by 3.7% during the 3rd quarter. Octavia Wealth Advisors LLC now owns 1,498 shares of the energy company’s stock valued at $269,000 after buying an additional 54 shares in the last quarter. Chemistry Wealth Management LLC boosted its holdings in Cheniere Energy by 5.2% in the 4th 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 stake in Cheniere Energy by 5.4% in the 4th quarter. Premier Path Wealth Partners LLC now owns 1,191 shares of the energy company’s stock valued at $256,000 after buying an additional 61 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Down 0.7 %

Shares of NYSE:LNG opened at $228.04 on Wednesday. The firm has a market capitalization of $51.17 billion, a PE ratio of 14.56 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. Cheniere Energy, Inc. has a 52-week low of $152.31 and a 52-week high of $257.65. The firm has a fifty day moving average of $223.39 and a 200 day moving average of $199.97.

Cheniere Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.88%. The ex-dividend date is Friday, February 7th. Cheniere Energy’s dividend payout ratio is currently 12.77%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LNG. 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 target for the company. Royal Bank of Canada raised their target price on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. TD Cowen upped their price target on Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Stifel Nicolaus raised their price objective on shares of Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Finally, 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. Two investment 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $234.25.

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.