Supplemental Annuity Collective Trust of NJ Sells 2,300 Shares of Cheniere Energy, Inc. $LNG

Supplemental Annuity Collective Trust of NJ lowered its position in Cheniere Energy, Inc. (NYSE:LNG) by 20.0% in the third quarter, Holdings Channel.com reports. The institutional investor owned 9,200 shares of the energy company’s stock after selling 2,300 shares during the period. Supplemental Annuity Collective Trust of NJ’s holdings in Cheniere Energy were worth $2,162,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in LNG. Assetmark Inc. raised its position in Cheniere Energy by 718.1% during the second quarter. Assetmark Inc. now owns 1,669 shares of the energy company’s stock worth $406,000 after acquiring an additional 1,465 shares in the last quarter. Railway Pension Investments Ltd increased its stake in shares of Cheniere Energy by 62.9% during the 3rd quarter. Railway Pension Investments Ltd now owns 777,200 shares of the energy company’s stock worth $182,626,000 after purchasing an additional 300,100 shares during the last quarter. Allianz Asset Management GmbH raised its holdings in shares of Cheniere Energy by 12.6% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,460,762 shares of the energy company’s stock valued at $343,250,000 after purchasing an additional 163,861 shares during the period. Baird Financial Group Inc. lifted its stake in Cheniere Energy by 9.5% in the 2nd quarter. Baird Financial Group Inc. now owns 97,267 shares of the energy company’s stock valued at $23,686,000 after purchasing an additional 8,449 shares during the last quarter. Finally, Covea Finance grew its holdings in Cheniere Energy by 17.8% during the third quarter. Covea Finance now owns 111,300 shares of the energy company’s stock worth $26,153,000 after purchasing an additional 16,800 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Trading Up 1.1%

LNG stock opened at $220.19 on Tuesday. Cheniere Energy, Inc. has a 52 week low of $186.20 and a 52 week high of $246.42. The company has a market capitalization of $47.39 billion, a PE ratio of 12.27 and a beta of 0.27. The company’s 50-day simple moving average is $201.22 and its 200 day simple moving average is $216.84. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.81 and a current ratio of 0.94.

Cheniere Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 6th will be issued a dividend of $0.555 per share. The ex-dividend date of this dividend is Friday, February 6th. This represents a $2.22 annualized dividend and a dividend yield of 1.0%. Cheniere Energy’s dividend payout ratio (DPR) is currently 12.37%.

Analysts Set New Price Targets

LNG has been the topic of a number of recent analyst reports. Citigroup lowered their price target on Cheniere Energy from $283.00 to $280.00 and set a “buy” rating on the stock in a research report on Monday, January 12th. Zacks Research lowered Cheniere Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $275.00 price target on shares of Cheniere Energy in a report on Monday, November 3rd. Barclays reduced their price objective on shares of Cheniere Energy from $262.00 to $259.00 and set an “overweight” rating for the company in a research report on Thursday, January 15th. Finally, Wells Fargo & Company dropped their price objective on shares of Cheniere Energy from $284.00 to $280.00 and set an “overweight” rating on the stock in a research report on Monday, January 12th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $264.24.

Cheniere Energy Company Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.