Hourglass Capital LLC Raises Stake in Cheniere Energy, Inc. (NYSE:LNG)

Hourglass Capital LLC grew its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 0.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 10,950 shares of the energy company’s stock after buying an additional 60 shares during the period. Hourglass Capital LLC’s holdings in Cheniere Energy were worth $2,353,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. MassMutual Private Wealth & Trust FSB raised its stake in Cheniere Energy by 170.5% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock valued at $26,000 after acquiring an additional 75 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in shares of Cheniere Energy in the third quarter valued at approximately $28,000. Adirondack Trust Co. purchased a new stake in shares of Cheniere Energy during the fourth quarter worth approximately $43,000. City Holding Co. acquired a new stake in shares of Cheniere Energy during the fourth quarter worth $50,000. Finally, Farther Finance Advisors LLC grew its position in Cheniere Energy by 53.3% in the 3rd quarter. Farther Finance Advisors LLC now owns 368 shares of the energy company’s stock valued at $66,000 after buying an additional 128 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analysts Set New Price Targets

LNG has been the subject of a number of analyst reports. Barclays upped their price objective on shares of Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Scotiabank raised their price objective on shares of Cheniere Energy from $242.00 to $247.00 and gave the company a “sector outperform” rating in a research report on Tuesday, January 21st. Stifel Nicolaus boosted their target price on Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a research report on Wednesday, December 4th. The Goldman Sachs Group increased their target price on Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. Finally, Wells Fargo & Company lifted their price target on Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research note on Wednesday, December 18th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $234.25.

Cheniere Energy Stock Up 1.6 %

Cheniere Energy stock opened at $213.37 on Friday. The firm has a market capitalization of $47.87 billion, a price-to-earnings ratio of 13.62 and a beta of 0.98. 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 fifty-two week low of $152.31 and a fifty-two week high of $257.65. The stock’s fifty day moving average is $222.58 and its two-hundred day moving average is $202.20.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date is Friday, February 7th. Cheniere Energy’s payout ratio is currently 12.77%.

Cheniere Energy 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.