Zacks Research upgraded shares of Cheniere Energy (NYSE:LNG – Free Report) from a hold rating to a strong-buy rating in a research report released on Monday morning,Zacks.com reports.
A number of other analysts have also recently weighed in on LNG. Scotiabank reissued an “outperform” rating on shares of Cheniere Energy in a report on Wednesday, May 13th. Royal Bank Of Canada upped their target price on shares of Cheniere Energy from $286.00 to $300.00 and gave the company an “outperform” rating in a report on Tuesday, April 14th. TD Cowen upped their target price on shares of Cheniere Energy from $265.00 to $270.00 and gave the company a “buy” rating in a report on Monday, May 11th. Citigroup increased their target price on shares of Cheniere Energy from $280.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, April 2nd. Finally, BMO Capital Markets lifted their price target on shares of Cheniere Energy from $265.00 to $306.00 and gave the stock an “outperform” rating in a research note on Monday, March 23rd. Three research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $297.71.
Cheniere Energy Price Performance
Cheniere Energy Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Monday, May 11th were paid a dividend of $0.555 per share. The ex-dividend date was Monday, May 11th. This represents a $2.22 annualized dividend and a dividend yield of 0.8%. Cheniere Energy’s dividend payout ratio is 36.51%.
Hedge Funds Weigh In On Cheniere Energy
Institutional investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Cheniere Energy in the fourth quarter valued at approximately $731,774,000. Bank of New York Mellon Corp grew its holdings in Cheniere Energy by 174.3% during the first quarter. Bank of New York Mellon Corp now owns 2,244,268 shares of the energy company’s stock worth $636,834,000 after acquiring an additional 1,426,058 shares during the period. Marshall Wace LLP raised its position in Cheniere Energy by 555.0% in the fourth quarter. Marshall Wace LLP now owns 810,138 shares of the energy company’s stock worth $157,483,000 after acquiring an additional 686,459 shares in the last quarter. OMERS ADMINISTRATION Corp raised its position in Cheniere Energy by 6,513.7% in the first quarter. OMERS ADMINISTRATION Corp now owns 564,742 shares of the energy company’s stock worth $160,251,000 after acquiring an additional 556,203 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Cheniere Energy by 518.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 577,533 shares of the energy company’s stock valued at $112,267,000 after acquiring an additional 484,198 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.
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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