USS Investment Management Ltd grew its position in shares of Cheniere Energy, Inc. (NYSE:LNG – Free Report) by 9.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 38,086 shares of the energy company’s stock after acquiring an additional 3,432 shares during the quarter. USS Investment Management Ltd’s holdings in Cheniere Energy were worth $10,804,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Strive Financial Group LLC acquired a new position in shares of Cheniere Energy during the fourth quarter worth approximately $25,000. Kohmann Bosshard Financial Services LLC acquired a new position in Cheniere Energy during the 4th quarter worth $26,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Cheniere Energy in the third quarter worth $27,000. Accordant Advisory Group Inc bought a new position in shares of Cheniere Energy in the fourth quarter worth $29,000. Finally, Sankala Group LLC acquired a new position in shares of Cheniere Energy during the fourth quarter valued at $35,000. Institutional investors own 87.26% of the company’s stock.
Cheniere Energy Stock Performance
NYSE:LNG opened at $243.38 on Thursday. The company has a 50-day moving average of $242.72 and a 200-day moving average of $234.22. The firm has a market cap of $51.00 billion, a price-to-earnings ratio of 40.03 and a beta of -0.01. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 2.55. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $300.89.
Cheniere Energy Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Monday, May 11th were issued a $0.555 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.22 annualized dividend and a dividend yield of 0.9%. Cheniere Energy’s dividend payout ratio is currently 36.51%.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on LNG. Citigroup upped their price target on shares of Cheniere Energy from $280.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. Royal Bank Of Canada boosted their target price on Cheniere Energy from $286.00 to $300.00 and gave the stock an “outperform” rating in a report on Tuesday, April 14th. Benchmark restated an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, May 26th. Jefferies Financial Group increased their price target on Cheniere Energy from $275.00 to $330.00 and gave the company a “buy” rating in a research note on Tuesday, April 7th. Finally, Weiss Ratings cut Cheniere Energy from a “buy (b)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Cheniere Energy presently has an average rating of “Moderate Buy” and an average price target of $297.71.
Check Out Our Latest Analysis on LNG
About Cheniere Energy
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.
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