Strs Ohio reduced its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG – Free Report) by 10.8% in the first quarter, HoldingsChannel.com reports. The fund owned 162,196 shares of the energy company’s stock after selling 19,608 shares during the quarter. Strs Ohio’s holdings in Cheniere Energy were worth $46,025,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in LNG. Norges Bank acquired a new stake in Cheniere Energy during the fourth quarter worth approximately $731,774,000. Marshall Wace LLP lifted its stake in Cheniere Energy by 555.0% in the fourth quarter. Marshall Wace LLP now owns 810,138 shares of the energy company’s stock valued at $157,483,000 after buying an additional 686,459 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Cheniere Energy by 518.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 577,533 shares of the energy company’s stock worth $112,267,000 after buying an additional 484,198 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Cheniere Energy by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 21,219,557 shares of the energy company’s stock worth $4,124,870,000 after buying an additional 414,022 shares in the last quarter. Finally, Voloridge Investment Management LLC grew its position in shares of Cheniere Energy by 3,902.4% during the 4th quarter. Voloridge Investment Management LLC now owns 389,676 shares of the energy company’s stock worth $75,749,000 after buying an additional 379,940 shares during the period. 87.26% of the stock is owned by institutional investors.
Cheniere Energy Price Performance
Shares of LNG opened at $245.93 on Friday. Cheniere Energy, Inc. has a 12-month low of $186.20 and a 12-month high of $300.89. The business’s fifty day moving average is $242.48 and its 200 day moving average is $234.62. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 2.55. The stock has a market cap of $51.53 billion, a P/E ratio of 40.45 and a beta of -0.01.
Cheniere Energy Announces Dividend
Analysts Set New Price Targets
LNG has been the topic of a number of research reports. BMO Capital Markets boosted their target price on shares of Cheniere Energy from $265.00 to $306.00 and gave the company an “outperform” rating in a research report on Monday, March 23rd. JPMorgan Chase & Co. raised their price target on shares of Cheniere Energy from $325.00 to $327.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Zacks Research downgraded shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 10th. Wolfe Research reiterated an “outperform” rating and set a $300.00 price objective on shares of Cheniere Energy in a report on Tuesday, June 2nd. Finally, Royal Bank Of Canada increased their price objective on shares of Cheniere Energy from $286.00 to $300.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 14th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Cheniere Energy has a consensus rating of “Moderate Buy” and an average target price of $297.71.
Check Out Our Latest Analysis on LNG
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.
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