Aberdeen Group plc Sells 12,892 Shares of Cheniere Energy, Inc. $LNG

Aberdeen Group plc trimmed its position in Cheniere Energy, Inc. (NYSE:LNG) by 3.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 322,023 shares of the energy company’s stock after selling 12,892 shares during the quarter. Aberdeen Group plc owned 0.15% of Cheniere Energy worth $75,824,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC purchased a new position in shares of Cheniere Energy in the 3rd quarter valued at approximately $25,000. Westside Investment Management Inc. lifted its position in Cheniere Energy by 473.7% during the second quarter. Westside Investment Management Inc. now owns 109 shares of the energy company’s stock valued at $26,000 after buying an additional 90 shares during the period. Hazlett Burt & Watson Inc. boosted its holdings in shares of Cheniere Energy by 250.0% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 140 shares of the energy company’s stock valued at $32,000 after buying an additional 100 shares in the last quarter. Pin Oak Investment Advisors Inc. bought a new stake in shares of Cheniere Energy during the 2nd quarter valued at $34,000. Finally, Armstrong Advisory Group Inc. grew its position in shares of Cheniere Energy by 47.6% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 155 shares of the energy company’s stock worth $36,000 after buying an additional 50 shares during the period. 87.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Weiss Ratings downgraded shares of Cheniere Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 20th. Wolfe Research set a $220.00 price target on shares of Cheniere Energy and gave the company an “outperform” rating in a report on Wednesday, January 14th. Erste Group Bank lowered shares of Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, November 10th. Jefferies Financial Group set a $251.00 price objective on Cheniere Energy in a research report on Sunday, January 25th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $254.00 target price on shares of Cheniere Energy in a report on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Cheniere Energy currently has a consensus rating of “Moderate Buy” and an average price target of $264.24.

Cheniere Energy Trading Up 1.1%

Shares of LNG stock opened at $220.19 on Monday. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.94 and a quick ratio of 0.81. The company has a market cap of $47.39 billion, a price-to-earnings ratio of 12.27 and a beta of 0.27. Cheniere Energy, Inc. has a 1 year low of $186.20 and a 1 year high of $246.42. The firm has a fifty day moving average price of $200.82 and a 200-day moving average price of $216.96.

Cheniere Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 6th will be issued a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, February 6th. Cheniere Energy’s dividend payout ratio is presently 12.37%.

Cheniere Energy Company Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.