Means Investment CO. Inc. Has $306,000 Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Means Investment CO. Inc. trimmed its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 4.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,423 shares of the energy company’s stock after selling 65 shares during the quarter. Means Investment CO. Inc.’s holdings in Cheniere Energy were worth $306,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Miracle Mile Advisors LLC bought a new stake in shares of Cheniere Energy in the 4th quarter worth about $2,127,000. Anderson Hoagland & Co. acquired a new stake in shares of Cheniere Energy in the fourth quarter valued at $2,460,000. Insight Wealth Strategies LLC bought a new position in shares of Cheniere Energy in the fourth quarter valued at about $4,455,000. Kathmere Capital Management LLC acquired a new position in shares of Cheniere Energy during the fourth quarter worth approximately $245,000. Finally, Covea Finance raised its position in Cheniere Energy by 18.8% in the 4th quarter. Covea Finance now owns 121,400 shares of the energy company’s stock worth $26,085,000 after purchasing an additional 19,200 shares during the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Barclays boosted their target price on Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. TD Cowen upped their target price on shares of Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a research report on Monday, January 27th. Stifel Nicolaus raised their target price on shares of Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Royal Bank of Canada raised their price objective on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, The Goldman Sachs Group increased their price target on Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $234.25.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $223.71 on Monday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $257.65. The company’s 50 day moving average price is $223.15 and its two-hundred day moving average price is $199.51. The company has a market capitalization of $50.19 billion, a P/E ratio of 14.29 and a beta of 0.98.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, beating the consensus estimate of $1.87 by $2.06. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The business had revenue of $3.76 billion for the quarter, compared to analysts’ expectations of $3.76 billion. During the same period in the previous year, the firm posted $2.37 EPS. The firm’s revenue was down 9.5% compared to the same quarter last year. On average, analysts expect that Cheniere Energy, Inc. will post 12.67 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a dividend of $0.50 per share. 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 0.89%. Cheniere Energy’s payout ratio is presently 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.