Supplemental Annuity Collective Trust of NJ Has $2.47 Million Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Supplemental Annuity Collective Trust of NJ trimmed its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 17.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,500 shares of the energy company's stock after selling 2,500 shares during the quarter. Cheniere Energy makes up about 0.7% of Supplemental Annuity Collective Trust of NJ's portfolio, making the stock its 23rd biggest holding. Supplemental Annuity Collective Trust of NJ's holdings in Cheniere Energy were worth $2,471,000 as of its most recent filing with the Securities & Exchange Commission.

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

Cheniere Energy Price Performance

LNG stock traded up $1.91 during midday trading on Tuesday, reaching $215.43. 2,025,032 shares of the stock were exchanged, compared to its average volume of 2,368,418. 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 $48.34 billion, a PE ratio of 13.76 and a beta of 0.98. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $257.65. The company has a fifty day moving average price of $222.56 and a 200 day moving average price of $202.72.

Cheniere Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued 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 yield of 0.93%. Cheniere Energy's dividend payout ratio (DPR) is presently 12.77%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on LNG shares. The Goldman Sachs Group raised their target price on shares of Cheniere Energy from $234.00 to $261.00 and gave the stock a "buy" rating in a research note on Thursday, December 19th. Scotiabank upped their target price on 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 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. Morgan Stanley lifted their target price on Cheniere Energy from $195.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Finally, TD Cowen upped their price target on shares of Cheniere Energy from $242.00 to $250.00 and gave the company 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 stock. Based on data from MarketBeat.com, Cheniere Energy currently has a consensus rating of "Moderate Buy" and a consensus price target 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.