Generate Investment Management Ltd Reduces Position in Cheniere Energy, Inc. (NYSE:LNG)

Generate Investment Management Ltd trimmed its position in Cheniere Energy, Inc. (NYSE:LNG) by 38.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,643 shares of the energy company’s stock after selling 13,506 shares during the quarter. Generate Investment Management Ltd’s holdings in Cheniere Energy were worth $4,650,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB increased its position in shares of 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 acquiring an additional 75 shares during the period. Moisand Fitzgerald Tamayo LLC purchased a new position in Cheniere Energy during the 3rd quarter valued at about $27,000. Capital Performance Advisors LLP bought a new position in Cheniere Energy during the 3rd quarter valued at approximately $28,000. Adirondack Trust Co. purchased a new stake in Cheniere Energy in the 4th quarter worth approximately $43,000. Finally, City Holding Co. bought a new stake in shares of Cheniere Energy in the 4th quarter worth approximately $50,000. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Stock Down 0.6 %

Shares of NYSE:LNG opened at $217.23 on Friday. 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 stock has a fifty day simple moving average of $223.62 and a two-hundred day simple moving average of $200.63. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $257.65. The stock has a market capitalization of $48.74 billion, a price-to-earnings ratio of 13.87 and a beta of 0.98.

Cheniere Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date is Friday, February 7th. Cheniere Energy’s payout ratio is 12.77%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on LNG shares. Stifel Nicolaus raised their price target on Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Royal Bank of Canada raised their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Bank of America initiated coverage on shares of Cheniere Energy in a research report on Thursday, October 17th. They set a “buy” rating and a $215.00 price target on the stock. Morgan Stanley raised their price objective 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. Finally, Barclays upped 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. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Cheniere Energy has a consensus rating of “Moderate Buy” and an average price target 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.