Hager Investment Management Services LLC Acquires Shares of 7,338 Cheniere Energy, Inc. (NYSE:LNG)

Hager Investment Management Services LLC purchased a new position in Cheniere Energy, Inc. (NYSE:LNG) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,338 shares of the energy company’s stock, valued at approximately $1,577,000. Cheniere Energy accounts for 1.0% of Hager Investment Management Services LLC’s holdings, making the stock its 29th biggest position.

Several other hedge funds and other institutional investors also recently bought and sold shares of LNG. Yousif Capital Management LLC boosted its position in Cheniere Energy by 8.1% during the 4th quarter. Yousif Capital Management LLC now owns 3,962 shares of the energy company’s stock valued at $851,000 after acquiring an additional 297 shares in the last quarter. Tanager Wealth Management LLP bought a new stake in Cheniere Energy during the 4th quarter valued at $269,000. Ninety One UK Ltd boosted its position in Cheniere Energy by 1,400.7% during the 4th quarter. Ninety One UK Ltd now owns 1,509,717 shares of the energy company’s stock valued at $324,393,000 after acquiring an additional 1,409,116 shares in the last quarter. Beach Investment Counsel Inc. PA boosted its position in Cheniere Energy by 42.1% during the 4th quarter. Beach Investment Counsel Inc. PA now owns 118,991 shares of the energy company’s stock valued at $25,568,000 after acquiring an additional 35,242 shares in the last quarter. Finally, Longboard Asset Management LP bought a new stake in Cheniere Energy during the 4th quarter valued at $214,000. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Price Performance

LNG stock opened at $228.04 on Wednesday. The business has a 50 day moving average price of $223.39 and a 200 day moving average price of $199.97. The stock has a market cap of $51.17 billion, a price-to-earnings ratio of 14.56 and a beta of 0.98. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week 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 disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a $0.50 dividend. 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 dividend payout ratio is currently 12.77%.

Wall Street Analyst Weigh In

LNG has been the subject of a number of research analyst reports. The Goldman Sachs Group raised their target price on Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Royal Bank of Canada raised their target price on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Morgan Stanley raised their target price on Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Barclays raised their target price on Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. 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 report on Wednesday, December 4th. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Cheniere Energy presently has an average rating of “Moderate Buy” and a consensus price target of $234.25.

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.