WealthPLAN Partners LLC Sells 2,041 Shares of Cheniere Energy, Inc. (NYSE:LNG)

WealthPLAN Partners LLC lessened its stake in Cheniere Energy, Inc. (NYSE:LNG) by 18.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,905 shares of the energy company’s stock after selling 2,041 shares during the period. WealthPLAN Partners LLC’s holdings in Cheniere Energy were worth $1,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. raised its stake in shares of Cheniere Energy by 10.3% during the 4th quarter. Geneos Wealth Management Inc. now owns 460 shares of the energy company’s stock worth $99,000 after acquiring an additional 43 shares in the last quarter. Flagship Harbor Advisors LLC grew its holdings in Cheniere Energy by 2.0% in the fourth quarter. Flagship Harbor Advisors LLC now owns 2,339 shares of the energy company’s stock worth $503,000 after purchasing an additional 46 shares during the last quarter. Chemistry Wealth Management LLC increased its position in shares of Cheniere Energy by 5.2% during the fourth quarter. Chemistry Wealth Management LLC now owns 1,241 shares of the energy company’s stock worth $267,000 after purchasing an additional 61 shares in the last quarter. Premier Path Wealth Partners LLC lifted its holdings in shares of Cheniere Energy by 5.4% during the 4th quarter. Premier Path Wealth Partners LLC now owns 1,191 shares of the energy company’s stock valued at $256,000 after purchasing an additional 61 shares during the last quarter. Finally, MAI Capital Management boosted its position in shares of Cheniere Energy by 1.5% in the 3rd quarter. MAI Capital Management now owns 4,204 shares of the energy company’s stock worth $756,000 after purchasing an additional 62 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $213.37 on Friday. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. The stock has a market capitalization of $47.87 billion, a price-to-earnings ratio of 13.62 and a beta of 0.98. The firm’s 50 day simple moving average is $222.75 and its 200-day simple moving average is $201.95. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month high of $257.65.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a $0.50 dividend. 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 0.94%. Cheniere Energy’s dividend payout ratio (DPR) is currently 12.77%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on LNG shares. 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. Stifel Nicolaus increased their price objective on shares of Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research report on Wednesday, December 4th. Wells Fargo & Company boosted their target price on shares of Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. UBS Group raised 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. Finally, TD Cowen boosted their price objective on shares of Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a report on Monday, January 27th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price 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.