Hager Investment Management Services LLC Takes Position in Cheniere Energy, Inc. (NYSE:LNG)

Hager Investment Management Services LLC acquired a new stake in Cheniere Energy, Inc. (NYSE:LNG) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 7,338 shares of the energy company’s stock, valued at approximately $1,577,000. Cheniere Energy accounts for approximately 1.0% of Hager Investment Management Services LLC’s portfolio, making the stock its 29th biggest holding.

Several other hedge funds and other institutional investors have also modified their holdings of LNG. The Manufacturers Life Insurance Company increased its holdings in shares of Cheniere Energy by 3.2% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 5,438,428 shares of the energy company’s stock valued at $978,047,000 after acquiring an additional 167,575 shares during the last quarter. Wellington Management Group LLP boosted its position in Cheniere Energy by 195.1% during the 3rd quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company’s stock worth $755,410,000 after acquiring an additional 2,776,920 shares during the period. Massachusetts Financial Services Co. MA boosted its position in Cheniere Energy by 91.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company’s stock worth $673,927,000 after acquiring an additional 1,789,919 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Cheniere Energy by 11.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,793,989 shares of the energy company’s stock worth $322,631,000 after acquiring an additional 178,318 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of Cheniere Energy by 61.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,664,439 shares of the energy company’s stock valued at $357,638,000 after buying an additional 631,787 shares during the period. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Stock Performance

LNG opened at $228.04 on Wednesday. The business’s 50-day moving average price is $223.39 and its two-hundred day moving average price is $199.97. Cheniere Energy, Inc. has a 1 year low of $152.31 and a 1 year high of $257.65. The company has a market capitalization of $51.17 billion, a price-to-earnings ratio of 14.56 and a beta of 0.98. 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 declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date of this dividend is Friday, February 7th. Cheniere Energy’s payout ratio is currently 12.77%.

Wall Street Analysts Forecast Growth

LNG has been the topic of several recent analyst reports. Bank of America assumed coverage on Cheniere Energy in a research report on Thursday, October 17th. They set a “buy” rating and a $215.00 price target on the stock. TD Cowen upped their price target on Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. The Goldman Sachs Group upped their price target on Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Scotiabank increased their target price on Cheniere Energy from $242.00 to $247.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 21st. Finally, Stifel Nicolaus increased their target price on Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.