Mirae Asset Global Investments Co. Ltd. Raises Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 31.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,664 shares of the energy company’s stock after acquiring an additional 8,756 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Cheniere Energy were worth $7,812,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. MassMutual Private Wealth & Trust FSB lifted its holdings in Cheniere Energy by 170.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock worth $26,000 after purchasing an additional 75 shares in the last quarter. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Cheniere Energy during the third quarter worth $27,000. Capital Performance Advisors LLP purchased a new position in Cheniere Energy during the third quarter valued at $28,000. Adirondack Trust Co. bought a new stake in Cheniere Energy in the 4th quarter valued at $43,000. Finally, City Holding Co. purchased a new stake in Cheniere Energy in the 4th quarter worth $50,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Trading Down 0.6 %

Cheniere Energy stock opened at $217.23 on Friday. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The stock has a market cap of $48.74 billion, a PE ratio of 13.87 and a beta of 0.98. The stock has a 50-day moving average of $223.62 and a two-hundred day moving average of $200.63. Cheniere Energy, Inc. has a one year low of $152.31 and a one year high of $257.65.

Cheniere Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Friday, February 7th. Cheniere Energy’s dividend payout ratio (DPR) is presently 12.77%.

Analyst Ratings Changes

LNG has been the subject of a number of research reports. UBS Group increased their price target on Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Wells Fargo & Company increased their target price on Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Stifel Nicolaus boosted their price target on shares of Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. Royal Bank of Canada upped their price target 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, TD Cowen lifted their price objective on shares of Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $234.25.

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.