2,147 Shares in Cheniere Energy, Inc. (NYSE:LNG) Purchased by Kestra Investment Management LLC

Kestra Investment Management LLC bought a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,147 shares of the energy company’s stock, valued at approximately $461,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of LNG. Venturi Wealth Management LLC grew its stake in shares of Cheniere Energy by 1,217.2% in the fourth quarter. Venturi Wealth Management LLC now owns 1,304 shares of the energy company’s stock worth $280,000 after purchasing an additional 1,205 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in Cheniere Energy by 6.6% in the fourth quarter. D.A. Davidson & CO. now owns 9,964 shares of the energy company’s stock worth $2,141,000 after purchasing an additional 619 shares during the period. Truist Financial Corp grew its position in Cheniere Energy by 1.6% in the 4th quarter. Truist Financial Corp now owns 29,029 shares of the energy company’s stock valued at $6,237,000 after buying an additional 446 shares in the last quarter. CIBC Asset Management Inc increased its stake in Cheniere Energy by 4.3% during the 4th quarter. CIBC Asset Management Inc now owns 16,170 shares of the energy company’s stock valued at $3,474,000 after buying an additional 673 shares during the period. Finally, Sanctuary Advisors LLC raised its position in shares of Cheniere Energy by 1.2% during the 4th quarter. Sanctuary Advisors LLC now owns 49,626 shares of the energy company’s stock worth $11,424,000 after buying an additional 592 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. UBS Group increased their price objective on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a report on Friday, November 15th. TD Cowen increased their price target on Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, January 27th. The Goldman Sachs Group boosted their price objective on Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Wells Fargo & Company raised their target price on Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Finally, Stifel Nicolaus boosted their price target on shares of Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Two investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $234.25.

Cheniere Energy Stock Up 1.5 %

LNG stock opened at $218.79 on Thursday. The company’s 50 day simple moving average is $222.61 and its 200-day simple moving average is $202.99. Cheniere Energy, Inc. has a 52-week low of $152.31 and a 52-week high of $257.65. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. The firm has a market capitalization of $49.09 billion, a P/E ratio of 13.97 and a beta of 0.98.

Cheniere Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.91%. Cheniere Energy’s payout ratio is currently 12.77%.

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.