Raab & Moskowitz Asset Management LLC Acquires 2,957 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Raab & Moskowitz Asset Management LLC raised its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 46.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,345 shares of the energy company’s stock after purchasing an additional 2,957 shares during the period. Raab & Moskowitz Asset Management LLC’s holdings in Cheniere Energy were worth $2,008,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Creative Planning bought a new stake in Cheniere Energy in the second quarter worth $276,000. Sanctuary Advisors LLC bought a new position in Cheniere Energy in the 2nd quarter worth about $417,000. CWM LLC grew its position in Cheniere Energy by 2.4% during the 3rd quarter. CWM LLC now owns 3,238 shares of the energy company’s stock valued at $582,000 after purchasing an additional 76 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in Cheniere Energy during the 3rd quarter valued at about $53,000. Finally, Kapitalo Investimentos Ltda bought a new stake in Cheniere Energy during the 3rd quarter valued at about $726,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group increased their price target on shares of Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a report on Thursday, December 19th. Wells Fargo & Company lifted their target price on Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. 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 note on Friday, January 31st. Stifel Nicolaus increased their price objective on Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Finally, UBS Group boosted their target price on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $234.25.

Cheniere Energy Stock Performance

Shares of NYSE LNG opened at $209.11 on Thursday. The company has a market cap of $46.92 billion, a P/E ratio of 13.35 and a beta of 0.98. Cheniere Energy, Inc. has a 52-week low of $152.31 and a 52-week high of $257.65. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The firm’s fifty day moving average is $223.37 and its two-hundred day moving average is $201.85.

Cheniere Energy Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Friday, February 7th. Cheniere Energy’s payout ratio is 12.77%.

About Cheniere Energy

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.