Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Stoneridge Investment Partners LLC

Stoneridge Investment Partners LLC lessened its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 3.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 2,724 shares of the energy company’s stock after selling 100 shares during the period. Stoneridge Investment Partners LLC’s holdings in Cheniere Energy were worth $585,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of LNG. MassMutual Private Wealth & Trust FSB boosted its stake 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 worth $26,000 after buying an additional 75 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Cheniere Energy in the 3rd quarter worth approximately $28,000. Adirondack Trust Co. acquired a new stake in Cheniere Energy in the 4th quarter valued at approximately $43,000. City Holding Co. purchased a new stake in Cheniere Energy in the fourth quarter valued at approximately $50,000. Finally, ORG Wealth Partners LLC purchased a new position in shares of Cheniere Energy during the third quarter worth $53,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

LNG has been the subject of a number of research analyst reports. Stifel Nicolaus raised their target price on Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. UBS Group increased their target price on shares of 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 upped their price objective on Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Barclays lifted their target price on Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Finally, Bank of America started coverage on Cheniere Energy in a report on Thursday, October 17th. They set a “buy” rating and a $215.00 price target on the stock. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $234.25.

Cheniere Energy Trading Down 0.6 %

Shares of Cheniere Energy stock opened at $217.23 on Friday. The company has a fifty day simple moving average of $223.48 and a 200-day simple moving average of $200.88. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $257.65. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The stock has a market cap of $48.74 billion, a price-to-earnings ratio of 13.87 and a beta of 0.98.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a $0.50 dividend. The ex-dividend date is Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.92%. 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.