Cheniere Energy, Inc. (NYSE:LNG) Stock Position Cut by WealthPLAN Partners LLC

WealthPLAN Partners LLC reduced its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 18.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,905 shares of the energy company's stock after selling 2,041 shares during the quarter. WealthPLAN Partners LLC's holdings in Cheniere Energy were worth $1,913,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Compagnie Lombard Odier SCmA boosted its stake in Cheniere Energy by 40.0% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 97,853 shares of the energy company's stock valued at $21,026,000 after acquiring an additional 27,975 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Cheniere Energy by 9.2% during the fourth quarter. Asset Management One Co. Ltd. now owns 88,068 shares of the energy company's stock worth $18,537,000 after purchasing an additional 7,398 shares during the last quarter. Avestar Capital LLC acquired a new position in Cheniere Energy in the fourth quarter worth about $208,000. Raab & Moskowitz Asset Management LLC increased its holdings in Cheniere Energy by 46.3% in the fourth quarter. Raab & Moskowitz Asset Management LLC now owns 9,345 shares of the energy company's stock valued at $2,008,000 after buying an additional 2,957 shares during the last quarter. Finally, Values First Advisors Inc. acquired a new stake in Cheniere Energy during the fourth quarter valued at approximately $362,000. Institutional investors and hedge funds own 87.26% of the company's stock.

Cheniere Energy Stock Performance

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

Cheniere Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.91%. The ex-dividend date is Friday, February 7th. Cheniere Energy's dividend payout ratio is currently 12.77%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on LNG shares. UBS Group lifted their target price on Cheniere Energy from $232.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Wells Fargo & Company boosted their target price on shares of Cheniere Energy from $213.00 to $235.00 and gave the company an "overweight" rating in a research note on Wednesday, December 18th. Stifel Nicolaus increased their target price on shares of Cheniere Energy from $204.00 to $237.00 and gave the stock a "buy" rating in a report on Wednesday, December 4th. TD Cowen lifted their price target 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. Finally, Scotiabank boosted 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. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $234.25.

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.