Cheniere Energy, Inc. (NYSE:LNG) Stake Reduced by Castellan Group

Castellan Group reduced its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 0.4% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 30,544 shares of the energy company’s stock after selling 120 shares during the period. Cheniere Energy makes up about 2.8% of Castellan Group’s holdings, making the stock its 12th largest holding. Castellan Group’s holdings in Cheniere Energy were worth $6,563,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in LNG. Wellington Management Group LLP grew its stake in Cheniere Energy by 195.1% during the 3rd quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company’s stock worth $755,410,000 after buying an additional 2,776,920 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Cheniere Energy by 91.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company’s stock worth $673,927,000 after acquiring an additional 1,789,919 shares during the period. Ninety One UK Ltd boosted its position 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 acquiring an additional 1,409,116 shares during the period. Two Sigma Advisers LP boosted its position 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 acquiring an additional 685,662 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its position 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 acquiring an additional 631,787 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. Barclays boosted their price target on Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Wells Fargo & Company boosted their price target on Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Royal Bank of Canada boosted their price target on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. The Goldman Sachs Group boosted their price target on Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a research report on Thursday, December 19th. Finally, Bank of America began coverage on Cheniere Energy in a research report on Thursday, October 17th. They set a “buy” rating and a $215.00 price target for the company. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $234.25.

Cheniere Energy Trading Down 4.6 %

Shares of Cheniere Energy stock opened at $209.11 on Thursday. 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 firm has a market cap of $46.92 billion, a price-to-earnings ratio of 13.35 and a beta of 0.98. The business has a fifty day simple moving average of $223.37 and a 200-day simple moving average of $201.85. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $257.65.

Cheniere Energy Announces Dividend

The business 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 dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Friday, February 7th. Cheniere Energy’s dividend payout ratio is 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.