Supplemental Annuity Collective Trust of NJ Trims Stake in Cheniere Energy, Inc. (NYSE:LNG)

Supplemental Annuity Collective Trust of NJ trimmed its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 17.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,500 shares of the energy company’s stock after selling 2,500 shares during the quarter. Cheniere Energy makes up about 0.7% of Supplemental Annuity Collective Trust of NJ’s portfolio, making the stock its 23rd biggest holding. Supplemental Annuity Collective Trust of NJ’s holdings in Cheniere Energy were worth $2,471,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in LNG. Wellington Management Group LLP increased its holdings in Cheniere Energy by 195.1% in the 3rd quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company’s stock worth $755,410,000 after acquiring an additional 2,776,920 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Cheniere Energy by 91.4% during the third quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company’s stock worth $673,927,000 after purchasing an additional 1,789,919 shares in the last quarter. Ninety One UK Ltd increased its stake in Cheniere Energy by 1,400.7% during the 4th quarter. Ninety One UK Ltd now owns 1,509,717 shares of the energy company’s stock worth $324,393,000 after buying an additional 1,409,116 shares in the last quarter. Two Sigma Advisers LP increased its stake in Cheniere Energy by 328.2% during the 3rd quarter. Two Sigma Advisers LP now owns 894,600 shares of the energy company’s stock worth $160,885,000 after buying an additional 685,662 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. increased its stake in Cheniere Energy by 61.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,664,439 shares of the energy company’s stock worth $357,638,000 after buying an additional 631,787 shares in the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. UBS Group upped their target price 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 upped their price objective on shares of Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a report on Monday, January 27th. Bank of America initiated coverage on shares of Cheniere Energy in a research note on Thursday, October 17th. They issued a “buy” rating and a $215.00 price target for the company. Stifel Nicolaus increased their price objective on Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Finally, The Goldman Sachs Group increased their price objective on Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $234.25.

Cheniere Energy Stock Up 0.2 %

Shares of Cheniere Energy stock opened at $209.75 on Friday. Cheniere Energy, Inc. has a 52-week low of $152.31 and a 52-week high of $257.65. The company has a 50 day moving average of $223.08 and a 200 day moving average of $201.90. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The company has a market capitalization of $47.06 billion, a P/E ratio of 13.39 and a beta of 0.98.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, February 7th. This represents a $2.00 annualized dividend and a dividend yield of 0.95%. Cheniere Energy’s dividend payout ratio (DPR) is currently 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.