Essex Financial Services Inc. Increases Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Essex Financial Services Inc. increased its position in Cheniere Energy, Inc. (NYSE:LNG) by 6.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,206 shares of the energy company’s stock after buying an additional 599 shares during the quarter. Essex Financial Services Inc.’s holdings in Cheniere Energy were worth $2,193,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Wellington Management Group LLP increased its stake in Cheniere Energy by 195.1% during the third quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company’s stock worth $755,410,000 after acquiring an additional 2,776,920 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of Cheniere Energy by 91.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 3,747,370 shares of the energy company’s stock worth $673,927,000 after purchasing an additional 1,789,919 shares during the period. Ninety One UK Ltd increased its position in Cheniere Energy by 1,400.7% during the 4th quarter. Ninety One UK Ltd now owns 1,509,717 shares of the energy company’s stock worth $324,393,000 after purchasing an additional 1,409,116 shares in the last quarter. Two Sigma Advisers LP raised its holdings in Cheniere Energy by 328.2% in the third quarter. Two Sigma Advisers LP now owns 894,600 shares of the energy company’s stock valued at $160,885,000 after buying an additional 685,662 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its position in Cheniere Energy by 61.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,664,439 shares of the energy company’s stock valued at $357,638,000 after buying an additional 631,787 shares in the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Stock Up 1.8 %

LNG stock opened at $221.38 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The firm has a 50 day simple moving average of $223.48 and a 200-day simple moving average of $201.23. The company has a market capitalization of $49.67 billion, a P/E ratio of 14.14 and a beta of 0.98. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $257.65.

Cheniere Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Friday, February 7th. Cheniere Energy’s payout ratio is currently 12.77%.

Wall Street Analyst Weigh In

LNG has been the subject of several recent research reports. Wells Fargo & Company increased their price objective on shares of Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Stifel Nicolaus increased their price target on Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Scotiabank boosted their price objective on Cheniere Energy from $242.00 to $247.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, January 21st. UBS Group increased their target price on Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Finally, TD Cowen boosted their price target on Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Two equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $234.25.

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.