Cheniere Energy, Inc. (NYSE:LNG) Holdings Lifted by Convergence Investment Partners LLC

Convergence Investment Partners LLC increased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 81.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,708 shares of the energy company’s stock after buying an additional 5,243 shares during the quarter. Convergence Investment Partners LLC’s holdings in Cheniere Energy were worth $2,516,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Cheniere Energy by 170.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock valued at $26,000 after buying an additional 75 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in Cheniere Energy during the third quarter valued at $28,000. Adirondack Trust Co. acquired a new stake in Cheniere Energy during the fourth quarter valued at $43,000. City Holding Co. acquired a new stake in Cheniere Energy during the fourth quarter valued at $50,000. Finally, Farther Finance Advisors LLC boosted its position in Cheniere Energy by 53.3% during the third quarter. Farther Finance Advisors LLC now owns 368 shares of the energy company’s stock valued at $66,000 after purchasing an additional 128 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Up 0.9 %

Shares of LNG opened at $215.43 on Wednesday. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $257.65. 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 capitalization of $48.34 billion, a price-to-earnings ratio of 13.76 and a beta of 0.98. The stock’s 50-day moving average price is $222.56 and its 200 day moving average price is $202.72.

Cheniere Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, February 7th. This represents a $2.00 annualized dividend and a yield of 0.93%. Cheniere Energy’s dividend payout ratio is 12.77%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Wells Fargo & Company lifted their price objective on Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. UBS Group boosted their price target on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Scotiabank boosted their price target on Cheniere Energy from $242.00 to $247.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. Morgan Stanley boosted their price target on Cheniere Energy from $195.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Finally, 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. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $234.25.

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 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.