Empowered Funds LLC Increases Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Empowered Funds LLC raised its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 10.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 28,497 shares of the energy company’s stock after acquiring an additional 2,770 shares during the quarter. Empowered Funds LLC’s holdings in Cheniere Energy were worth $6,123,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB raised its position in shares of Cheniere Energy by 170.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock valued at $26,000 after purchasing an additional 75 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in Cheniere Energy during the 3rd quarter worth approximately $28,000. Adirondack Trust Co. acquired a new position in Cheniere Energy during the 4th quarter valued at approximately $43,000. City Holding Co. purchased a new position in shares of Cheniere Energy in the fourth quarter worth $50,000. Finally, ORG Wealth Partners LLC acquired a new stake in shares of Cheniere Energy during the third quarter worth $53,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LNG. Stifel Nicolaus upped their target price on Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. The Goldman Sachs Group raised their price objective on Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. UBS Group lifted their target price on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Wells Fargo & Company increased their price target on shares of Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Finally, Bank of America began coverage on shares of Cheniere Energy in a research note on Thursday, October 17th. They set a “buy” rating and a $215.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $234.25.

Cheniere Energy Stock Up 1.8 %

LNG stock opened at $221.38 on Tuesday. Cheniere Energy, Inc. has a one year low of $152.31 and a one year 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 $223.48 and its 200 day moving average is $201.23. The firm has a market cap of $49.67 billion, a PE ratio of 14.14 and a beta of 0.98.

Cheniere Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $2.00 annualized dividend and a dividend yield of 0.90%. Cheniere Energy’s dividend payout ratio is presently 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.