Perigon Wealth Management LLC Purchases Shares of 866 Cheniere Energy, Inc. (NYSE:LNG)

Perigon Wealth Management LLC bought a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 866 shares of the energy company’s stock, valued at approximately $186,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Miracle Mile Advisors LLC purchased a new position in shares of Cheniere Energy during the 4th quarter worth approximately $2,127,000. Anderson Hoagland & Co. acquired a new stake in Cheniere Energy during the 4th quarter worth $2,460,000. Insight Wealth Strategies LLC acquired a new position in Cheniere Energy in the fourth quarter valued at $4,455,000. Kathmere Capital Management LLC acquired a new position in shares of Cheniere Energy during the fourth quarter worth about $245,000. Finally, Covea Finance grew its position in Cheniere Energy by 18.8% during the fourth quarter. Covea Finance now owns 121,400 shares of the energy company’s stock worth $26,085,000 after buying an additional 19,200 shares during the period. 87.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. UBS Group increased their price target on shares of Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. The Goldman Sachs Group lifted their price target on shares of Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a report on Thursday, December 19th. TD Cowen boosted their price target on shares of Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Stifel Nicolaus boosted 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. Finally, Morgan Stanley boosted their target price on shares of Cheniere Energy from $195.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday. Two research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $234.25.

Cheniere Energy Price Performance

Shares of LNG opened at $229.77 on Tuesday. Cheniere Energy, Inc. has a 52-week low of $152.31 and a 52-week high of $257.65. 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 business’s 50 day moving average price is $223.15 and its two-hundred day moving average price is $199.63. The firm has a market cap of $51.55 billion, a PE ratio of 14.67 and a beta of 0.98.

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Friday, February 7th. Cheniere Energy’s dividend payout ratio (DPR) 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.