Cheniere Energy, Inc. $LNG Shares Bought by Alps Advisors Inc.

Alps Advisors Inc. lifted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 3.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,373 shares of the energy company’s stock after acquiring an additional 3,530 shares during the quarter. Alps Advisors Inc.’s holdings in Cheniere Energy were worth $23,586,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Altman Advisors Inc. boosted its position in Cheniere Energy by 0.4% during the 2nd quarter. Altman Advisors Inc. now owns 10,206 shares of the energy company’s stock worth $2,409,000 after acquiring an additional 44 shares during the period. Dynamic Advisor Solutions LLC raised its stake in shares of Cheniere Energy by 1.5% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 3,268 shares of the energy company’s stock worth $768,000 after purchasing an additional 47 shares in the last quarter. Childress Capital Advisors LLC lifted its holdings in shares of Cheniere Energy by 0.9% during the 3rd quarter. Childress Capital Advisors LLC now owns 5,385 shares of the energy company’s stock valued at $1,265,000 after buying an additional 47 shares during the last quarter. Howard Capital Management Inc. lifted its stake in shares of Cheniere Energy by 3.3% in the 3rd quarter. Howard Capital Management Inc. now owns 1,488 shares of the energy company’s stock valued at $350,000 after purchasing an additional 48 shares during the last quarter. Finally, Bailard Inc. boosted its position in Cheniere Energy by 0.7% during the second quarter. Bailard Inc. now owns 6,663 shares of the energy company’s stock worth $1,623,000 after purchasing an additional 49 shares during the period. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. The Goldman Sachs Group reissued a “buy” rating and set a $275.00 target price on shares of Cheniere Energy in a research report on Monday, November 3rd. Jefferies Financial Group set a $251.00 price objective on Cheniere Energy in a research note on Sunday, January 25th. Scotiabank restated an “outperform” rating and set a $266.00 target price on shares of Cheniere Energy in a research note on Friday, January 16th. Weiss Ratings lowered Cheniere Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 20th. Finally, Bank of America dropped their price target on Cheniere Energy from $274.00 to $271.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Cheniere Energy currently has an average rating of “Moderate Buy” and a consensus price target of $264.24.

Cheniere Energy Stock Up 1.4%

Shares of NYSE:LNG opened at $213.42 on Friday. The company’s fifty day moving average is $199.83 and its 200-day moving average is $217.40. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.81 and a current ratio of 0.94. Cheniere Energy, Inc. has a 52 week low of $186.20 and a 52 week high of $246.42. The company has a market capitalization of $45.94 billion, a PE ratio of 11.89, a P/E/G ratio of 6.74 and a beta of 0.27.

Cheniere Energy Announces Dividend

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 $0.555 dividend. The ex-dividend date is Friday, February 6th. This represents a $2.22 annualized dividend and a yield of 1.0%. Cheniere Energy’s dividend payout ratio (DPR) is currently 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.