Supplemental Annuity Collective Trust of NJ Has $2.16 Million Position in Cheniere Energy, Inc. $LNG

Supplemental Annuity Collective Trust of NJ lessened its position in Cheniere Energy, Inc. (NYSE:LNG) by 20.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,200 shares of the energy company’s stock after selling 2,300 shares during the period. Supplemental Annuity Collective Trust of NJ’s holdings in Cheniere Energy were worth $2,162,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in LNG. Salomon & Ludwin LLC acquired a new position in Cheniere Energy in the third quarter valued at about $25,000. Westside Investment Management Inc. increased its holdings in shares of Cheniere Energy by 473.7% during the second quarter. Westside Investment Management Inc. now owns 109 shares of the energy company’s stock worth $26,000 after buying an additional 90 shares in the last quarter. Hazlett Burt & Watson Inc. raised its stake in shares of Cheniere Energy by 250.0% in the third quarter. Hazlett Burt & Watson Inc. now owns 140 shares of the energy company’s stock valued at $32,000 after acquiring an additional 100 shares during the last quarter. Pin Oak Investment Advisors Inc. acquired a new position in shares of Cheniere Energy in the 2nd quarter worth approximately $34,000. Finally, Armstrong Advisory Group Inc. grew its position in Cheniere Energy by 47.6% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 155 shares of the energy company’s stock worth $36,000 after acquiring an additional 50 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Up 1.1%

Shares of NYSE LNG opened at $220.19 on Tuesday. Cheniere Energy, Inc. has a fifty-two week low of $186.20 and a fifty-two week high of $246.42. The firm has a market capitalization of $47.39 billion, a P/E ratio of 12.27 and a beta of 0.27. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.94 and a quick ratio of 0.81. The company’s 50 day simple moving average is $201.22 and its 200 day simple moving average is $216.84.

Cheniere Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 6th will be given a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date is Friday, February 6th. Cheniere Energy’s dividend payout ratio (DPR) is currently 12.37%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LNG. Barclays cut their price objective on Cheniere Energy from $262.00 to $259.00 and set an “overweight” rating for the company in a research report on Thursday, January 15th. Scotiabank restated an “outperform” rating and issued a $266.00 target price on shares of Cheniere Energy in a research note on Friday, January 16th. Zacks Research downgraded shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Wolfe Research set a $220.00 price objective on shares of Cheniere Energy and gave the company an “outperform” rating in a research report on Wednesday, January 14th. Finally, Jefferies Financial Group set a $251.00 target price on shares of Cheniere Energy in a research note on Sunday, January 25th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $264.24.

Cheniere Energy Company Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.