Jennison Associates LLC Has $235.30 Million Holdings in Cheniere Energy, Inc. $LNG

Jennison Associates LLC lessened its position in Cheniere Energy, Inc. (NYSE:LNGFree Report) by 19.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 829,221 shares of the energy company’s stock after selling 199,992 shares during the period. Jennison Associates LLC’s holdings in Cheniere Energy were worth $235,300,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Strive Financial Group LLC acquired a new stake in shares of Cheniere Energy in the fourth quarter valued at about $25,000. Kohmann Bosshard Financial Services LLC bought a new position in shares of Cheniere Energy in the fourth quarter worth about $26,000. Financial Life Planners acquired a new position in shares of Cheniere Energy during the 1st quarter worth about $26,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Cheniere Energy during the 3rd quarter worth about $27,000. Finally, Accordant Advisory Group Inc bought a new stake in Cheniere Energy during the 4th quarter valued at approximately $29,000. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Stock Up 1.5%

LNG stock opened at $262.94 on Friday. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $300.89. 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 company has a market cap of $55.10 billion, a PE ratio of 43.25 and a beta of -0.01. The business’s 50-day simple moving average is $241.91 and its 200 day simple moving average is $239.52.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Monday, May 11th were issued a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, May 11th. Cheniere Energy’s dividend payout ratio (DPR) is presently 36.51%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Barclays raised their target price on Cheniere Energy from $271.00 to $274.00 and gave the company an “overweight” rating in a report on Wednesday. Jefferies Financial Group increased their price objective on Cheniere Energy from $275.00 to $330.00 and gave the company a “buy” rating in a research report on Tuesday, April 7th. Citigroup raised their price objective 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 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. Finally, Weiss Ratings cut shares of Cheniere Energy from a “buy (b)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Cheniere Energy currently has an average rating of “Buy” and a consensus target price of $298.47.

View Our Latest Stock Report on Cheniere Energy

Cheniere Energy Profile

(Free Report)

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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Institutional Ownership by Quarter for Cheniere Energy (NYSE:LNG)

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