Fjarde AP Fonden Fourth Swedish National Pension Fund grew its stake in shares of Cheniere Energy, Inc. (NYSE:LNG – Free Report) by 16.0% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 148,200 shares of the energy company’s stock after purchasing an additional 20,400 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Cheniere Energy were worth $42,053,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in LNG. Elevation Point Wealth Partners LLC purchased a new position in shares of Cheniere Energy in the 1st quarter valued at about $465,000. Platform Technology Partners purchased a new stake in Cheniere Energy during the first quarter worth about $290,000. Harrison Street Private Wealth LLC acquired a new position in Cheniere Energy during the first quarter worth about $3,360,000. Keybank National Association OH grew its position in Cheniere Energy by 5.8% during the first quarter. Keybank National Association OH now owns 5,912 shares of the energy company’s stock worth $1,678,000 after buying an additional 324 shares during the period. Finally, Root Financial Partners LLC increased its holdings in Cheniere Energy by 123.3% in the first quarter. Root Financial Partners LLC now owns 576 shares of the energy company’s stock valued at $164,000 after buying an additional 318 shares in the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on LNG. Scotiabank reiterated an “outperform” rating on shares of Cheniere Energy in a research report on Wednesday, May 13th. UBS Group set a $290.00 price target on Cheniere Energy in a report on Wednesday, May 13th. JPMorgan Chase & Co. raised their price objective on Cheniere Energy from $325.00 to $327.00 and gave the company an “overweight” rating in a research note on Wednesday, June 3rd. TD Cowen lifted their price objective on Cheniere Energy from $265.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Finally, Citigroup boosted their target price on Cheniere Energy from $280.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $297.71.
Cheniere Energy Price Performance
NYSE:LNG opened at $245.93 on Friday. Cheniere Energy, Inc. has a 12-month low of $186.20 and a 12-month high of $300.89. The firm has a market cap of $51.53 billion, a price-to-earnings ratio of 40.45 and a beta of -0.01. The company’s 50-day moving average is $242.48 and its two-hundred day moving average is $234.62. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 2.55.
Cheniere Energy Announces Dividend
The company 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. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.22 annualized dividend and a dividend yield of 0.9%. Cheniere Energy’s dividend payout ratio is presently 36.51%.
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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