Osborne Partners Capital Management LLC cut its position in Cheniere Energy, Inc. (NYSE:LNG – Free Report) by 70.3% in the 1st quarter, Holdings Channel reports. The institutional investor owned 21,794 shares of the energy company’s stock after selling 51,646 shares during the quarter. Osborne Partners Capital Management LLC’s holdings in Cheniere Energy were worth $6,184,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Brighton Jones LLC purchased a new stake in shares of Cheniere Energy during the fourth quarter valued at approximately $335,000. Bank of Nova Scotia raised its holdings in Cheniere Energy by 13.3% in the 2nd quarter. Bank of Nova Scotia now owns 8,825 shares of the energy company’s stock worth $2,149,000 after acquiring an additional 1,035 shares during the last quarter. Sei Investments Co. raised its holdings in Cheniere Energy by 23.1% in the 2nd quarter. Sei Investments Co. now owns 183,153 shares of the energy company’s stock worth $44,600,000 after acquiring an additional 34,422 shares during the last quarter. Treasurer of the State of North Carolina lifted its position in Cheniere Energy by 0.8% in the 2nd quarter. Treasurer of the State of North Carolina now owns 103,040 shares of the energy company’s stock valued at $25,092,000 after acquiring an additional 805 shares in the last quarter. Finally, Ieq Capital LLC lifted its position in Cheniere Energy by 87.0% in the 2nd quarter. Ieq Capital LLC now owns 36,502 shares of the energy company’s stock valued at $8,889,000 after acquiring an additional 16,977 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.
Analyst Ratings Changes
Several analysts have commented on LNG shares. Wolfe Research reiterated an “outperform” rating and set a $300.00 target price on shares of Cheniere Energy in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. boosted their price target on Cheniere Energy from $325.00 to $327.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. Wells Fargo & Company lowered their price target on Cheniere Energy from $280.00 to $271.00 and set an “overweight” rating on the stock in a report on Friday, March 13th. Wall Street Zen cut Cheniere Energy from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Finally, The Goldman Sachs Group lifted their price objective on Cheniere Energy from $276.00 to $312.00 and gave the stock a “buy” rating in a report on Tuesday, March 24th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $297.71.
Cheniere Energy Trading Down 0.0%
Shares of NYSE:LNG opened at $245.93 on Friday. The stock’s 50-day simple moving average is $242.25 and its two-hundred day simple moving average is $234.70. The stock has a market capitalization of $51.53 billion, a price-to-earnings ratio of 40.45 and a beta of -0.01. Cheniere Energy, Inc. has a 52-week low of $186.20 and a 52-week high of $300.89. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.48 and a current ratio of 0.57.
Cheniere Energy Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Investors 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 dividend on an annualized basis and a dividend yield of 0.9%. Cheniere Energy’s dividend payout ratio (DPR) is presently 36.51%.
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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