Asset Management One Co. Ltd. Grows Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Asset Management One Co. Ltd. grew its stake in Cheniere Energy, Inc. (NYSE:LNG) by 9.2% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 88,068 shares of the energy company’s stock after purchasing an additional 7,398 shares during the period. Asset Management One Co. Ltd.’s holdings in Cheniere Energy were worth $18,537,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of LNG. MassMutual Private Wealth & Trust FSB lifted its holdings in Cheniere Energy by 170.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock valued at $26,000 after acquiring an additional 75 shares during the period. Capital Performance Advisors LLP acquired a new position in shares of Cheniere Energy in the 3rd quarter valued at $28,000. Adirondack Trust Co. purchased a new stake in Cheniere Energy during the fourth quarter worth $43,000. City Holding Co. acquired a new stake in Cheniere Energy during the fourth quarter valued at $50,000. Finally, Farther Finance Advisors LLC increased its holdings in Cheniere Energy by 53.3% in the third quarter. Farther Finance Advisors LLC now owns 368 shares of the energy company’s stock valued at $66,000 after buying an additional 128 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Stifel Nicolaus raised their target price on Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Scotiabank raised their price objective on Cheniere Energy from $242.00 to $247.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 21st. Barclays upped their target price on Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Wells Fargo & Company lifted their price target on shares of Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Finally, The Goldman Sachs Group upped their price objective on shares of Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $234.25.

Cheniere Energy Stock Up 1.6 %

LNG stock opened at $213.37 on Friday. 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 firm has a 50-day moving average of $222.58 and a two-hundred day moving average of $202.20. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month high of $257.65. The company has a market cap of $47.87 billion, a price-to-earnings ratio of 13.62 and a beta of 0.98.

Cheniere Energy Dividend Announcement

The business 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 dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Friday, February 7th. Cheniere Energy’s dividend payout ratio (DPR) 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.