Avestar Capital LLC Makes New Investment in Cheniere Energy, Inc. (NYSE:LNG)

Avestar Capital LLC bought a new stake in Cheniere Energy, Inc. (NYSE:LNG) in the fourth quarter, HoldingsChannel reports. The firm bought 968 shares of the energy company’s stock, valued at approximately $208,000.

Other hedge funds also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB lifted its position in Cheniere Energy by 170.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock valued at $26,000 after buying an additional 75 shares during the period. Capital Performance Advisors LLP bought a new position in shares of Cheniere Energy in the 3rd quarter worth about $28,000. Adirondack Trust Co. bought a new position in shares of Cheniere Energy in the 4th quarter worth about $43,000. City Holding Co. purchased a new position in Cheniere Energy during the 4th quarter valued at about $50,000. Finally, Farther Finance Advisors LLC boosted its stake in Cheniere Energy by 53.3% during the third quarter. Farther Finance Advisors LLC now owns 368 shares of the energy company’s stock worth $66,000 after acquiring an additional 128 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Stock Up 1.6 %

LNG opened at $213.37 on Friday. The stock has a market capitalization of $47.87 billion, a price-to-earnings ratio of 13.62 and a beta of 0.98. The firm has a 50 day moving average price of $222.58 and a 200-day moving average price of $202.20. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $257.65. 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 Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, February 7th. This represents a $2.00 annualized dividend and a dividend yield of 0.94%. Cheniere Energy’s payout ratio is 12.77%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Wells Fargo & Company lifted their target price on shares of Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. The Goldman Sachs Group lifted their price objective on Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Barclays increased their target price on Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Stifel Nicolaus lifted their price target on Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Finally, TD Cowen increased their price objective on shares of Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock 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.