Spirit of America Management Corp NY Sells 2,650 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Spirit of America Management Corp NY decreased its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 5.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,875 shares of the energy company’s stock after selling 2,650 shares during the quarter. Cheniere Energy comprises about 2.1% of Spirit of America Management Corp NY’s portfolio, making the stock its 8th biggest holding. Spirit of America Management Corp NY’s holdings in Cheniere Energy were worth $10,502,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in LNG. Wellington Management Group LLP increased its position in shares of 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 purchasing an additional 2,776,920 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of 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 last quarter. Ninety One UK Ltd increased its holdings in shares of 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 worth $324,393,000 after acquiring an additional 1,409,116 shares during the last quarter. Two Sigma Advisers LP increased its holdings in shares of Cheniere Energy by 328.2% during the 3rd quarter. Two Sigma Advisers LP now owns 894,600 shares of the energy company’s stock worth $160,885,000 after acquiring an additional 685,662 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Cheniere Energy by 61.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,664,439 shares of the energy company’s stock worth $357,638,000 after acquiring an additional 631,787 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. TD Cowen boosted their target price on Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Barclays boosted their target price on Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Morgan Stanley boosted their target price on Cheniere Energy from $195.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. Stifel Nicolaus boosted their target price on Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Finally, Royal Bank of Canada boosted their target price on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Two investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $234.25.

Cheniere Energy Stock Performance

NYSE:LNG opened at $228.04 on Wednesday. The stock has a fifty day moving average price of $223.39 and a 200-day moving average price of $199.97. The company has a market cap 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 quick ratio of 0.98 and a current ratio of 1.07. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $257.65.

Cheniere Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.88%. 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.