Electron Capital Partners LLC lowered its stake in shares of Golar LNG Limited (NASDAQ:GLNG) by 1.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 950,002 shares of the shipping company’s stock after selling 12,501 shares during the quarter. Golar LNG comprises approximately 4.8% of Electron Capital Partners LLC’s investment portfolio, making the stock its 8th largest holding. Electron Capital Partners LLC owned about 0.94% of Golar LNG worth $28,320,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently bought and sold shares of GLNG. Strs Ohio acquired a new position in shares of Golar LNG during the fourth quarter valued at about $146,000. First Trust Advisors LP acquired a new position in shares of Golar LNG during the fourth quarter valued at about $201,000. Duff & Phelps Investment Management Co. acquired a new position in shares of Golar LNG during the fourth quarter valued at about $209,000. Mraz Amerine & Associates Inc. acquired a new position in shares of Golar LNG during the fourth quarter valued at about $221,000. Finally, Caption Management LLC acquired a new position in shares of Golar LNG during the fourth quarter valued at about $239,000. Hedge funds and other institutional investors own 80.79% of the company’s stock.
Golar LNG Limited (NASDAQ:GLNG) opened at $29.10 on Monday. Golar LNG Limited has a fifty-two week low of $19.32 and a fifty-two week high of $31.64. The company has a quick ratio of 0.41, a current ratio of 0.29 and a debt-to-equity ratio of 0.57.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Wednesday, March 14th will be issued a $0.05 dividend. The ex-dividend date is Tuesday, March 13th. This represents a $0.20 annualized dividend and a yield of 0.69%. Golar LNG’s dividend payout ratio (DPR) is presently -11.30%.
Several research firms have recently issued reports on GLNG. BidaskClub downgraded shares of Golar LNG from a “hold” rating to a “sell” rating in a report on Wednesday, January 31st. Zacks Investment Research upgraded shares of Golar LNG from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Morgan Stanley upped their price objective on shares of Golar LNG from $32.00 to $36.00 and gave the company an “equal weight” rating in a report on Monday, February 12th. Jefferies Group started coverage on shares of Golar LNG in a report on Monday, December 18th. They set a “buy” rating and a $39.00 price objective on the stock. Finally, Cowen increased their price target on shares of Golar LNG to $49.00 and gave the stock an “outperform” rating in a report on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. Golar LNG presently has an average rating of “Hold” and a consensus price target of $36.83.
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About Golar LNG
Golar LNG Limited is a midstream liquefied natural gas (LNG) company engaged primarily in the transportation, regasification, liquefaction and trading of LNG. The Company is engaged in the acquisition, ownership, operation and chartering of LNG carriers and Floating Storage Regasification Unit (FSRUs) through its subsidiaries and affiliates, and the development of LNG projects, such as floating LNGs (FLNGs).
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