Golden State Wealth Management LLC Purchases Shares of 401 Cheniere Energy, Inc. (NYSE:LNG)

Golden State Wealth Management LLC acquired a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 401 shares of the energy company’s stock, valued at approximately $86,000.

Several other hedge funds also recently modified their holdings of LNG. Strategic Financial Concepts LLC bought a new stake in Cheniere Energy during the fourth quarter worth about $3,516,000. Fractal Investments LLC raised its stake in shares of Cheniere Energy by 31.0% during the 4th quarter. Fractal Investments LLC now owns 59,200 shares of the energy company’s stock worth $12,720,000 after purchasing an additional 14,000 shares in the last quarter. Bleakley Financial Group LLC boosted its holdings in shares of Cheniere Energy by 4.7% in the 4th quarter. Bleakley Financial Group LLC now owns 4,485 shares of the energy company’s stock valued at $964,000 after buying an additional 201 shares during the last quarter. Choreo LLC boosted its holdings in shares of Cheniere Energy by 10.0% in the 4th quarter. Choreo LLC now owns 4,871 shares of the energy company’s stock valued at $1,039,000 after buying an additional 443 shares during the last quarter. Finally, Lion Street Advisors LLC bought a new position in shares of Cheniere Energy in the fourth quarter valued at $220,000. Institutional investors own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

LNG has been the topic of several analyst reports. TD Cowen upped their price target on shares of Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Royal Bank of Canada raised their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Wells Fargo & Company lifted their price target on Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Scotiabank raised their price objective on Cheniere Energy from $242.00 to $247.00 and gave the company a “sector outperform” rating in a research report on Tuesday, January 21st. Finally, UBS Group increased their price target on Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $234.25.

Cheniere Energy Stock Down 0.6 %

Shares of LNG opened at $217.23 on Monday. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month high of $257.65. The firm’s 50 day moving average is $223.48 and its 200-day moving average is $201.05. The stock has a market capitalization of $48.74 billion, a PE ratio of 13.87 and a beta of 0.98.

Cheniere Energy Announces Dividend

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 issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $2.00 annualized dividend and a yield of 0.92%. Cheniere Energy’s dividend payout ratio 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.