Strategic Financial Concepts LLC Invests $3.52 Million in Cheniere Energy, Inc. (NYSE:LNG)

Strategic Financial Concepts LLC purchased a new stake in Cheniere Energy, Inc. (NYSE:LNG) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 16,364 shares of the energy company’s stock, valued at approximately $3,516,000.

A number of other hedge funds have also bought and sold shares of LNG. Fractal Investments LLC grew its position in shares of Cheniere Energy by 31.0% during the 4th quarter. Fractal Investments LLC now owns 59,200 shares of the energy company’s stock worth $12,720,000 after purchasing an additional 14,000 shares in the last quarter. Bleakley Financial Group LLC grew its position in Cheniere Energy by 4.7% during the fourth quarter. Bleakley Financial Group LLC now owns 4,485 shares of the energy company’s stock worth $964,000 after buying an additional 201 shares in the last quarter. Choreo LLC increased its stake in Cheniere Energy by 10.0% during the 4th quarter. Choreo LLC now owns 4,871 shares of the energy company’s stock worth $1,039,000 after acquiring an additional 443 shares during the period. Lion Street Advisors LLC acquired a new position in Cheniere Energy in the 4th quarter valued at $220,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Cheniere Energy by 31.4% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,664 shares of the energy company’s stock valued at $7,812,000 after acquiring an additional 8,756 shares during the period. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $217.23 on Monday. The business’s 50-day moving average price is $223.48 and its 200-day moving average price is $201.05. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month high of $257.65. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The firm has a market capitalization of $48.74 billion, a price-to-earnings ratio of 13.87 and a beta of 0.98.

Cheniere Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.92%. The ex-dividend date is Friday, February 7th. Cheniere Energy’s payout ratio is currently 12.77%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Morgan Stanley boosted their price target on Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. UBS Group upped their price target on shares of Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Bank of America assumed coverage on shares of Cheniere Energy in a research note on Thursday, October 17th. They issued a “buy” rating and a $215.00 price objective on the stock. Scotiabank upped their target price on Cheniere Energy from $242.00 to $247.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, January 21st. Finally, Stifel Nicolaus lifted their price target on Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, Cheniere Energy currently 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.