WealthPlan Investment Management LLC Acquires 2,270 Shares of Cheniere Energy, Inc. (NYSE:LNG)

WealthPlan Investment Management LLC grew its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 14.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,097 shares of the energy company's stock after acquiring an additional 2,270 shares during the period. WealthPlan Investment Management LLC's holdings in Cheniere Energy were worth $3,888,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB grew its stake in shares of Cheniere Energy by 170.5% during the fourth 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 in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Cheniere Energy during the third quarter valued at about $28,000. Adirondack Trust Co. acquired a new position in Cheniere Energy in the fourth quarter worth about $43,000. City Holding Co. acquired a new position in Cheniere Energy in the fourth quarter worth about $50,000. Finally, Farther Finance Advisors LLC grew its stake in Cheniere Energy by 53.3% in the third quarter. Farther Finance Advisors LLC now owns 368 shares of the energy company's stock worth $66,000 after purchasing an additional 128 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently commented on LNG. TD Cowen lifted their price target on Cheniere Energy from $242.00 to $250.00 and gave the stock a "buy" rating in a research note on Monday, January 27th. Barclays raised their target price on shares of Cheniere Energy from $202.00 to $253.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. UBS Group raised their target price 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. Scotiabank raised their target price on shares of Cheniere Energy from $242.00 to $247.00 and gave the stock a "sector outperform" rating in a report on Tuesday, January 21st. Finally, Morgan Stanley raised their target price on shares of Cheniere Energy from $195.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Two analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $234.25.

Cheniere Energy Stock Performance

Shares of LNG stock traded up $3.14 during trading on Wednesday, reaching $218.79. The company had a trading volume of 2,884,426 shares, compared to its average volume of 2,384,542. The firm's 50 day simple moving average is $222.61 and its two-hundred day simple moving average is $202.99. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. Cheniere Energy, Inc. has a one year low of $152.31 and a one year high of $257.65. The company has a market capitalization of $49.09 billion, a PE ratio of 13.97 and a beta of 0.98.

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 issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Friday, February 7th. Cheniere Energy's dividend payout ratio (DPR) is currently 12.77%.

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.