Patron Partners LLC Sells 1,587 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Patron Partners LLC cut its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 18.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,794 shares of the energy company’s stock after selling 1,587 shares during the period. Cheniere Energy comprises approximately 0.8% of Patron Partners LLC’s investment portfolio, making the stock its 24th largest holding. Patron Partners LLC’s holdings in Cheniere Energy were worth $1,460,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of LNG. MassMutual Private Wealth & Trust FSB boosted its holdings in Cheniere Energy by 170.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock valued at $26,000 after acquiring an additional 75 shares in the last quarter. Moisand Fitzgerald Tamayo LLC purchased a new position in Cheniere Energy in the third quarter worth about $27,000. Capital Performance Advisors LLP bought a new stake in shares of Cheniere Energy during the 3rd quarter valued at $28,000. Adirondack Trust Co. bought a new stake in Cheniere Energy during the 4th quarter worth approximately $43,000. Finally, City Holding Co. purchased a new position in shares of Cheniere Energy in the fourth quarter valued at about $50,000. 87.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LNG has been the subject of several analyst reports. Bank of America initiated coverage on Cheniere Energy in a research note on Thursday, October 17th. They issued a “buy” rating and a $215.00 price objective for the company. Wells Fargo & Company upped their target price on Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. TD Cowen lifted their target price on Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, January 27th. UBS Group raised their price objective on shares of Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. Finally, Stifel Nicolaus upped their target price on Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $234.25.

Cheniere Energy Trading Up 2.7 %

Shares of LNG opened at $229.77 on Tuesday. The stock has a market cap of $51.55 billion, a PE ratio of 14.67 and a beta of 0.98. The stock’s 50-day moving average is $223.15 and its two-hundred day moving average is $199.63. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month high of $257.65. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.87%. Cheniere Energy’s dividend payout ratio (DPR) 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.