Cetera Advisors LLC cut its stake in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG – Free Report) by 13.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,123 shares of the energy company’s stock after selling 2,207 shares during the quarter. Cetera Advisors LLC’s holdings in Cheniere Energy were worth $2,152,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently made changes to their positions in LNG. B. Riley Wealth Advisors Inc. raised its holdings in shares of Cheniere Energy by 0.5% in the second quarter. B. Riley Wealth Advisors Inc. now owns 13,645 shares of the energy company’s stock valued at $2,079,000 after buying an additional 65 shares during the last quarter. Scotia Capital Inc. raised its holdings in shares of Cheniere Energy by 5.0% in the first quarter. Scotia Capital Inc. now owns 1,428 shares of the energy company’s stock valued at $225,000 after buying an additional 68 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Cheniere Energy by 0.8% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 8,810 shares of the energy company’s stock valued at $1,321,000 after buying an additional 70 shares during the last quarter. Keene & Associates Inc. raised its holdings in shares of Cheniere Energy by 4.5% in the second quarter. Keene & Associates Inc. now owns 1,744 shares of the energy company’s stock valued at $266,000 after buying an additional 75 shares during the last quarter. Finally, Meridian Wealth Management LLC raised its holdings in shares of Cheniere Energy by 0.4% in the fourth quarter. Meridian Wealth Management LLC now owns 18,334 shares of the energy company’s stock valued at $2,749,000 after buying an additional 76 shares during the last quarter. 85.86% of the stock is owned by institutional investors.
Cheniere Energy Stock Down 0.2 %
NYSEAMERICAN:LNG opened at $173.50 on Friday. Cheniere Energy, Inc. has a twelve month low of $135.00 and a twelve month high of $179.04. The company has a current ratio of 1.54, a quick ratio of 1.43 and a debt-to-equity ratio of 3.02. The business’s 50 day moving average price is $155.82. The firm has a market cap of $41.34 billion, a P/E ratio of 3.43, a P/E/G ratio of 0.34 and a beta of 0.96.
Cheniere Energy Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, November 17th. Investors of record on Thursday, November 9th were paid a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend was Wednesday, November 8th. This is a boost from Cheniere Energy’s previous quarterly dividend of $0.40. Cheniere Energy’s dividend payout ratio is 3.44%.
Wall Street Analyst Weigh In
Several analysts have weighed in on LNG shares. Bank of America boosted their price objective on Cheniere Energy from $172.00 to $194.00 and gave the stock a “buy” rating in a report on Thursday, September 14th. StockNews.com cut Cheniere Energy from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 9th. The Goldman Sachs Group started coverage on Cheniere Energy in a report on Thursday, October 5th. They set a “buy” rating and a $205.00 price objective for the company. Stifel Nicolaus dropped their price objective on Cheniere Energy from $189.00 to $183.00 and set a “buy” rating for the company in a report on Friday, September 29th. Finally, Wells Fargo & Company dropped their price objective on Cheniere Energy from $230.00 to $222.00 in a report on Tuesday, August 8th. Twelve analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $196.00.
Cheniere Energy Company 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 pipeline interconnecting the Sabine Pass LNG terminal with various interstate 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.
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