Spectrum Strategic Capital Management LLC Increases Stake in Cheniere Energy, Inc. $LNG

Spectrum Strategic Capital Management LLC increased its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 106.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,584 shares of the energy company’s stock after acquiring an additional 4,938 shares during the quarter. Cheniere Energy makes up about 1.2% of Spectrum Strategic Capital Management LLC’s investment portfolio, making the stock its 22nd largest position. Spectrum Strategic Capital Management LLC’s holdings in Cheniere Energy were worth $2,252,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC purchased a new stake in shares of Cheniere Energy in the 3rd quarter worth approximately $25,000. Westside Investment Management Inc. lifted its holdings in 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 during the period. Hazlett Burt & Watson Inc. lifted its holdings in Cheniere Energy by 250.0% during the third quarter. Hazlett Burt & Watson Inc. now owns 140 shares of the energy company’s stock worth $32,000 after buying an additional 100 shares during the period. Pin Oak Investment Advisors Inc. bought a new stake in Cheniere Energy during the 2nd quarter valued at $34,000. Finally, Armstrong Advisory Group Inc. increased its holdings in shares of Cheniere Energy by 47.6% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 155 shares of the energy company’s stock valued at $36,000 after acquiring an additional 50 shares during the period. 87.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LNG has been the subject of a number of analyst reports. Royal Bank Of Canada decreased their price objective on Cheniere Energy from $282.00 to $271.00 and set an “outperform” rating for the company in a research note on Wednesday, January 28th. Weiss Ratings lowered shares of Cheniere Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 20th. Barclays cut their price objective on shares of Cheniere Energy from $262.00 to $259.00 and set an “overweight” rating on the stock in a research report on Thursday, January 15th. Citigroup decreased their target price on shares of Cheniere Energy from $283.00 to $280.00 and set a “buy” rating for the company in a research report on Monday, January 12th. Finally, Wells Fargo & Company cut their price target on shares of Cheniere Energy from $284.00 to $280.00 and set an “overweight” rating on the stock in a report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $264.24.

Cheniere Energy Stock Down 0.9%

NYSE:LNG opened at $218.73 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 1.94. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $246.42. The company has a market cap of $47.08 billion, a PE ratio of 12.19 and a beta of 0.27. The company’s 50 day moving average is $201.61 and its two-hundred day moving average is $216.71.

Cheniere Energy Announces Dividend

The company also recently announced 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. The ex-dividend date is Friday, February 6th. This represents a $2.22 dividend on an annualized basis and a yield of 1.0%. Cheniere Energy’s dividend payout ratio is currently 12.37%.

Cheniere Energy 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.