State of Alaska Department of Revenue Sells 6,315 Shares of Cheniere Energy, Inc. (NYSE:LNG)

State of Alaska Department of Revenue decreased its position in Cheniere Energy, Inc. (NYSE:LNG) by 36.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,000 shares of the energy company’s stock after selling 6,315 shares during the period. State of Alaska Department of Revenue’s holdings in Cheniere Energy were worth $2,363,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Bleakley Financial Group LLC boosted its holdings in Cheniere Energy by 4.7% in the fourth quarter. Bleakley Financial Group LLC now owns 4,485 shares of the energy company’s stock valued at $964,000 after acquiring an additional 201 shares during the last quarter. Choreo LLC boosted its holdings in Cheniere Energy by 10.0% in the fourth quarter. Choreo LLC now owns 4,871 shares of the energy company’s stock valued at $1,039,000 after acquiring an additional 443 shares during the last quarter. Lion Street Advisors LLC bought a new position in Cheniere Energy in the fourth quarter valued at about $220,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Cheniere Energy by 31.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,664 shares of the energy company’s stock valued at $7,812,000 after acquiring an additional 8,756 shares during the last quarter. Finally, Hager Investment Management Services LLC bought a new position in Cheniere Energy in the fourth quarter valued at about $1,577,000. Institutional investors own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on LNG shares. TD Cowen raised their target price on Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, January 27th. UBS Group raised their target price on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Barclays raised their target price on Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Morgan Stanley raised 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, Stifel Nicolaus raised their target price on Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $234.25.

Cheniere Energy Stock Up 1.8 %

Shares of Cheniere Energy stock opened at $221.38 on Tuesday. The business’s 50 day simple moving average is $223.48 and its 200 day simple moving average is $201.23. Cheniere Energy, Inc. has a 52-week low of $152.31 and a 52-week high of $257.65. The firm has a market cap of $49.67 billion, a PE ratio of 14.14 and a beta of 0.98. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07.

Cheniere Energy Announces Dividend

The company 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 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Friday, February 7th. Cheniere Energy’s dividend payout ratio is presently 12.77%.

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.