Talon Private Wealth LLC boosted its position in Cheniere Energy, Inc. (NYSE:LNG – Free Report) by 33.9% in the 2nd quarter, Holdings Channel reports. The firm owned 11,525 shares of the energy company’s stock after acquiring an additional 2,920 shares during the quarter. Talon Private Wealth LLC’s holdings in Cheniere Energy were worth $2,754,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Strive Financial Group LLC purchased a new stake in shares of Cheniere Energy during the fourth quarter worth $25,000. Financial Life Planners acquired a new stake in shares of Cheniere Energy in the first quarter valued at about $26,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Cheniere Energy in the third quarter worth about $27,000. Community Financial Services Group LLC purchased a new position in shares of Cheniere Energy in the second quarter worth about $29,000. Finally, Transamerica Financial Advisors LLC boosted its position in Cheniere Energy by 91.3% during the second quarter. Transamerica Financial Advisors LLC now owns 132 shares of the energy company’s stock worth $32,000 after acquiring an additional 63 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.
Cheniere Energy Trading Up 0.2%
Cheniere Energy stock traded up $0.53 during midday trading on Friday, hitting $278.37. 1,481,357 shares of the stock were exchanged, compared to its average volume of 2,388,897. Cheniere Energy, Inc. has a fifty-two week low of $186.20 and a fifty-two week high of $300.89. The stock has a market capitalization of $57.49 billion and a price-to-earnings ratio of 20.73. The stock’s 50-day simple moving average is $269.08 and its 200 day simple moving average is $257.66. The company has a current ratio of 0.87, a quick ratio of 0.72 and a debt-to-equity ratio of 1.97.
Cheniere Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 18th. Investors of record on Monday, August 10th were given a $0.555 dividend. This represents a $2.22 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, August 10th. Cheniere Energy’s dividend payout ratio is presently 16.53%.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on LNG. Benchmark reaffirmed an “outperform” rating on shares of Cheniere Energy in a research note on Tuesday, May 26th. Argus set a $330.00 target price on shares of Cheniere Energy in a research note on Tuesday, August 18th. Wall Street Zen upgraded Cheniere Energy from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. JPMorgan Chase & Co. upped their price target on Cheniere Energy from $327.00 to $334.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $310.00 price target on shares of Cheniere Energy in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $305.65.
View Our Latest Research Report on Cheniere Energy
Cheniere Energy Company Profile
Cheniere Energy, Inc is a Houston-based energy company focused on the production, liquefaction, transportation and export of liquefied natural gas (LNG). The company purchases natural gas and processes it at its liquefaction facilities before shipping LNG to customers in international markets. Cheniere also provides natural gas pipeline, storage and other services that support its LNG operations.
Cheniere operates the Sabine Pass LNG facility in Cameron Parish, Louisiana, and the Corpus Christi LNG facility in South Texas.
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