Stratos Wealth Partners LTD. Acquires 3,712 Shares of Cheniere Energy, Inc. $LNG

Stratos Wealth Partners LTD. grew its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 50.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,141 shares of the energy company’s stock after acquiring an additional 3,712 shares during the period. Stratos Wealth Partners LTD.’s holdings in Cheniere Energy were worth $2,618,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Salomon & Ludwin LLC bought a new position in shares of Cheniere Energy during the 3rd quarter valued at $25,000. Westside Investment Management Inc. increased its position in Cheniere Energy by 473.7% during the second quarter. Westside Investment Management Inc. now owns 109 shares of the energy company’s stock worth $26,000 after buying an additional 90 shares during the last quarter. Hazlett Burt & Watson Inc. raised its holdings in Cheniere Energy by 250.0% during the third quarter. Hazlett Burt & Watson Inc. now owns 140 shares of the energy company’s stock valued at $32,000 after buying an additional 100 shares in the last quarter. Pin Oak Investment Advisors Inc. bought a new position in Cheniere Energy during the second quarter valued at about $34,000. Finally, Armstrong Advisory Group Inc. lifted its position in shares of Cheniere Energy by 47.6% in the third quarter. Armstrong Advisory Group Inc. now owns 155 shares of the energy company’s stock worth $36,000 after buying an additional 50 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on LNG. Zacks Research lowered Cheniere Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Barclays decreased their target price on Cheniere Energy from $262.00 to $259.00 and set an “overweight” rating for the company in a research report on Thursday, January 15th. Raymond James Financial reissued a “strong-buy” rating and issued a $278.00 price target (up previously from $275.00) on shares of Cheniere Energy in a research report on Friday, October 24th. Scotiabank reaffirmed an “outperform” rating and set a $266.00 price objective on shares of Cheniere Energy in a report on Friday, January 16th. Finally, Wells Fargo & Company lowered their target price on shares of Cheniere Energy from $284.00 to $280.00 and set an “overweight” rating on the stock in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $264.24.

Cheniere Energy Price Performance

NYSE:LNG opened at $220.19 on Friday. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.94 and a quick ratio of 0.81. Cheniere Energy, Inc. has a one year low of $186.20 and a one year high of $246.42. The company has a fifty day moving average price of $200.82 and a 200 day moving average price of $217.20. The stock has a market cap of $47.39 billion, a P/E ratio of 12.27 and a beta of 0.27.

Cheniere Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 6th will be paid a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, February 6th. Cheniere Energy’s payout ratio is currently 12.37%.

Cheniere Energy Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.