Stoneridge Investment Partners LLC Decreases Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Stoneridge Investment Partners LLC reduced its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 3.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of LNG. MassMutual Private Wealth & Trust FSB lifted its holdings in Cheniere Energy by 170.5% in the 4th 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 bought a new position in shares of Cheniere Energy during the third quarter valued at approximately $28,000. Adirondack Trust Co. purchased a new stake in Cheniere Energy in the fourth quarter worth $43,000. City Holding Co. bought a new stake in Cheniere Energy in the fourth quarter valued at $50,000. Finally, ORG Wealth Partners LLC purchased a new position in Cheniere Energy during the 3rd quarter valued at $53,000. 87.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on LNG. Royal Bank of Canada raised their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Morgan Stanley lifted their price objective on Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Scotiabank increased their target price on Cheniere Energy from $242.00 to $247.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. 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. Finally, Bank of America began coverage on Cheniere Energy in a report on Thursday, October 17th. They issued a “buy” rating and a $215.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Cheniere Energy has an average rating of “Moderate Buy” and a consensus target price of $234.25.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $217.23 on Friday. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The company has a 50 day moving average price of $223.48 and a 200-day moving average price of $200.88. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $257.65. The firm has a market capitalization of $48.74 billion, a PE ratio of 13.87 and a beta of 0.98.

Cheniere Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Friday, February 7th. Cheniere Energy’s dividend payout ratio is currently 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.