Leavell Investment Management Inc. Grows Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Leavell Investment Management Inc. grew its position in Cheniere Energy, Inc. (NYSE:LNG) by 10.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,514 shares of the energy company’s stock after buying an additional 1,800 shares during the quarter. Leavell Investment Management Inc.’s holdings in Cheniere Energy were worth $4,193,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Creative Planning purchased a new position in Cheniere Energy in the 2nd quarter valued at $276,000. Sanctuary Advisors LLC purchased a new stake in shares of Cheniere Energy in the second quarter worth about $417,000. Brookstone Capital Management boosted its holdings in Cheniere Energy by 10.3% in the third quarter. Brookstone Capital Management now owns 1,654 shares of the energy company’s stock valued at $297,000 after purchasing an additional 155 shares during the last quarter. CWM LLC grew its stake in Cheniere Energy by 2.4% in the third quarter. CWM LLC now owns 3,238 shares of the energy company’s stock worth $582,000 after purchasing an additional 76 shares in the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its holdings in shares of Cheniere Energy by 622.7% in the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 6,591 shares of the energy company’s stock valued at $1,185,000 after buying an additional 5,679 shares during the period. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Trading Down 1.2 %

Shares of LNG opened at $218.83 on Wednesday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The company has a market cap of $49.10 billion, a price-to-earnings ratio of 13.97 and a beta of 0.98. The stock has a fifty day moving average price of $223.46 and a two-hundred day moving average price of $201.55. Cheniere Energy, Inc. has a 52-week low of $152.31 and a 52-week high of $257.65.

Cheniere Energy Announces Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Friday, February 7th. This represents a $2.00 annualized dividend and a yield of 0.91%. Cheniere Energy’s dividend payout ratio (DPR) is 12.77%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on LNG shares. UBS Group upped their price objective on shares of Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, November 15th. TD Cowen lifted their price objective on Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Wells Fargo & Company upped their price target on Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Morgan Stanley lifted their price target on Cheniere Energy from $195.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, Royal Bank of Canada upped their target price on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. 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 MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $234.25.

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.