Silver Oak Securities Incorporated purchased a new stake in Cheniere Energy, Inc. (NYSE:LNG – Free Report) during the 1st quarter, Holdings Channel reports. The institutional investor purchased 2,235 shares of the energy company’s stock, valued at approximately $634,000.
A number of other large investors also recently bought and sold shares of LNG. Caitong International Asset Management Co. Ltd bought a new position in Cheniere Energy during the third quarter worth $27,000. Strive Financial Group LLC acquired a new position in shares of Cheniere Energy in the 4th quarter valued at about $25,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Cheniere Energy during the 4th quarter valued at about $26,000. Accordant Advisory Group Inc bought a new stake in shares of Cheniere Energy during the 4th quarter valued at about $29,000. Finally, Sankala Group LLC acquired a new stake in Cheniere Energy during the fourth quarter worth about $35,000. Institutional investors own 87.26% of the company’s stock.
Cheniere Energy Stock Performance
Shares of LNG stock opened at $241.71 on Friday. Cheniere Energy, Inc. has a 12-month low of $186.20 and a 12-month high of $300.89. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.57 and a quick ratio of 0.48. The firm has a market capitalization of $50.65 billion and a price-to-earnings ratio of 39.75. The business has a 50 day simple moving average of $243.54 and a 200 day simple moving average of $232.99.
Cheniere Energy Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Monday, May 11th were paid a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Monday, May 11th. Cheniere Energy’s payout ratio is currently 36.51%.
Analyst Upgrades and Downgrades
A number of brokerages have commented on LNG. Wolfe Research restated an “outperform” rating and issued a $300.00 target price on shares of Cheniere Energy in a research note on Tuesday, June 2nd. Citigroup boosted their price objective on Cheniere Energy from $280.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, April 2nd. UBS Group set a $290.00 price objective on Cheniere Energy in a research note on Wednesday, May 13th. Bank of America increased their target price on Cheniere Energy from $296.00 to $322.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Finally, Sanford C. Bernstein started coverage on Cheniere Energy in a research note on Tuesday, June 16th. They issued a “market perform” rating and a $283.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $297.71.
Check Out Our Latest Report on Cheniere Energy
Insiders Place Their Bets
In related news, CFO Zach Davis sold 29,000 shares of the company’s stock in a transaction dated Monday, March 30th. The shares were sold at an average price of $300.00, for a total value of $8,700,000.00. Following the completion of the sale, the chief financial officer owned 87,146 shares of the company’s stock, valued at $26,143,800. This represents a 24.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.55% of the stock is owned by insiders.
Cheniere Energy Company 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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