Sanctuary Advisors LLC Increases Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Sanctuary Advisors LLC lifted its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 1.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 49,626 shares of the energy company’s stock after purchasing an additional 592 shares during the quarter. Sanctuary Advisors LLC’s holdings in Cheniere Energy were worth $11,424,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of LNG. MassMutual Private Wealth & Trust FSB grew its position in shares of 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 acquiring an additional 75 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in Cheniere Energy in the 3rd quarter valued at $28,000. Adirondack Trust Co. purchased a new position in Cheniere Energy in the 4th quarter valued at $43,000. City Holding Co. purchased a new position in Cheniere Energy in the 4th quarter valued at $50,000. Finally, Farther Finance Advisors LLC grew its position in Cheniere Energy by 53.3% in the 3rd 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 during the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on LNG. UBS Group lifted their price objective on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Morgan Stanley lifted their price objective on shares of Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Stifel Nicolaus lifted their price objective on shares of Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. The Goldman Sachs Group lifted their price objective on shares of Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Finally, Wells Fargo & Company raised their target price on Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Cheniere Energy has a consensus rating of “Moderate Buy” and an average price target of $234.25.

Cheniere Energy Trading Up 0.9 %

NYSE:LNG opened at $215.43 on Wednesday. The company has a market capitalization of $48.34 billion, a PE ratio of 13.76 and a beta of 0.98. 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, Inc. has a 52-week low of $152.31 and a 52-week high of $257.65. The stock has a fifty day simple moving average of $222.56 and a 200-day simple moving average of $202.72.

Cheniere Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Friday, February 7th. Cheniere Energy’s dividend payout ratio (DPR) is presently 12.77%.

Cheniere Energy Profile

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.