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

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

Other large investors have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB boosted its position in Cheniere Energy by 170.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock worth $26,000 after purchasing an additional 75 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of Cheniere Energy in the third quarter valued at approximately $28,000. Adirondack Trust Co. bought a new stake in shares of Cheniere Energy in the fourth quarter valued at approximately $43,000. City Holding Co. bought a new stake in shares of Cheniere Energy in the fourth quarter valued at approximately $50,000. Finally, ORG Wealth Partners LLC bought a new stake in shares of Cheniere Energy in the third quarter valued at approximately $53,000. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Price Performance

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

Cheniere Energy Announces Dividend

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on LNG shares. Scotiabank increased their price objective on Cheniere Energy from $242.00 to $247.00 and gave the company a “sector outperform” rating in a research report on Tuesday, January 21st. The Goldman Sachs Group upped their target price on Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. Bank of America initiated coverage on Cheniere Energy in a research note on Thursday, October 17th. They issued a “buy” rating and a $215.00 target price for the company. Stifel Nicolaus upped their target price on Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a research note on Wednesday, December 4th. Finally, Barclays upped their target price on Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Two analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, Cheniere Energy currently has a consensus rating of “Moderate Buy” and a consensus price target 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.