Recurrent Investment Advisors LLC raised its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG – Free Report) by 13.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 300,074 shares of the energy company’s stock after buying an additional 35,600 shares during the quarter. Cheniere Energy comprises 5.1% of Recurrent Investment Advisors LLC’s investment portfolio, making the stock its 6th largest holding. Recurrent Investment Advisors LLC’s holdings in Cheniere Energy were worth $85,149,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the stock. Strive Financial Group LLC acquired a new stake in Cheniere Energy during the fourth quarter worth about $25,000. Kohmann Bosshard Financial Services LLC acquired a new position in Cheniere Energy in the 4th quarter valued at approximately $26,000. Financial Life Planners bought a new stake in shares of Cheniere Energy in the 1st quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Cheniere Energy in the 3rd quarter worth approximately $27,000. Finally, Accordant Advisory Group Inc acquired a new stake in shares of Cheniere Energy during the 4th quarter worth approximately $29,000. Institutional investors own 87.26% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on LNG. Wolfe Research restated an “outperform” rating and set a $300.00 price objective on shares of Cheniere Energy in a research report on Tuesday, June 2nd. TD Cowen lifted their price target on shares of Cheniere Energy from $270.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. Weiss Ratings lowered shares of Cheniere Energy from a “buy (b)” rating to a “hold (c)” rating in a report on Monday, May 11th. Morgan Stanley dropped their price objective on shares of Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating for the company in a research note on Tuesday, April 21st. Finally, Zacks Research raised shares of Cheniere Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, July 13th. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $298.88.
Cheniere Energy Price Performance
Shares of LNG stock opened at $252.43 on Wednesday. The stock’s fifty day simple moving average is $244.78 and its 200 day simple moving average is $243.20. Cheniere Energy, Inc. has a one year low of $186.20 and a one year high of $300.89. The firm has a market cap of $52.90 billion, a price-to-earnings ratio of 41.52 and a beta of -0.01. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.57 and a quick ratio of 0.48.
Cheniere Energy Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 18th. Stockholders of record on Monday, August 10th will be paid a $0.555 dividend. This represents a $2.22 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Monday, August 10th. Cheniere Energy’s payout ratio is currently 36.51%.
Key Headlines Impacting Cheniere Energy
Here are the key news stories impacting Cheniere Energy this week:
- Positive Sentiment: Expansion milestone: Cheniere received approval to introduce natural gas into its final LNG expansion plant. This advances commissioning and supports the company’s longer-term growth in LNG production and exports. Cheniere gets approval to introduce natural gas into final LNG expansion plant
- Positive Sentiment: Dividend maintained: Cheniere declared a quarterly dividend of $0.555 per share, or approximately $2.22 annualized, payable August 18 to shareholders of record August 10. The roughly 0.9% yield provides a modest income return and signals continued shareholder distributions. Cheniere Declares Quarterly Dividend
- Neutral Sentiment: Constructive LNG backdrop: Coverage highlights strong global LNG export demand and Cheniere’s positioning to benefit from the broader natural-gas export boom. However, the company remains exposed to commodity prices, project execution and elevated leverage.
- Neutral Sentiment: Several other items focused on EQT, Expand Energy and Chevron rather than Cheniere and are unlikely to have a direct effect on LNG shares. The available news does not identify a specific negative development explaining the session’s weakness.
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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