Financiere des Professionnels Fonds d investissement inc. Grows Stock Position in Cheniere Energy, Inc. $LNG

Financiere des Professionnels Fonds d investissement inc. increased its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 110.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,401 shares of the energy company’s stock after purchasing an additional 10,182 shares during the quarter. Financiere des Professionnels Fonds d investissement inc.’s holdings in Cheniere Energy were worth $5,505,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LNG. Viking Fund Management LLC increased its position in Cheniere Energy by 66.7% during the 4th quarter. Viking Fund Management LLC now owns 45,000 shares of the energy company’s stock worth $8,748,000 after purchasing an additional 18,000 shares during the period. Trivium Point Advisory LLC raised its stake in shares of Cheniere Energy by 38.8% during the 4th quarter. Trivium Point Advisory LLC now owns 56,930 shares of the energy company’s stock worth $11,067,000 after buying an additional 15,927 shares in the last quarter. J. Safra Sarasin Holding AG lifted its holdings in shares of Cheniere Energy by 227.7% in the 4th quarter. J. Safra Sarasin Holding AG now owns 15,505 shares of the energy company’s stock valued at $3,014,000 after buying an additional 10,774 shares during the period. Generate Investment Management Ltd acquired a new stake in shares of Cheniere Energy in the 4th quarter valued at approximately $10,691,000. Finally, Lewis Asset Management LLC boosted its stake in shares of Cheniere Energy by 127.4% in the fourth quarter. Lewis Asset Management LLC now owns 8,751 shares of the energy company’s stock valued at $1,701,000 after buying an additional 4,903 shares in the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LNG. Barclays upped their price objective on Cheniere Energy from $271.00 to $274.00 and gave the stock an “overweight” rating in a report on Wednesday. Wolfe Research reissued an “outperform” rating and issued a $300.00 target price on shares of Cheniere Energy in a report on Tuesday, June 2nd. Scotiabank restated an “outperform” rating on shares of Cheniere Energy in a research report on Wednesday, May 13th. 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. Finally, Zacks Research upgraded shares of Cheniere Energy from a “hold” rating to a “strong-buy” rating in a report on Monday. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $298.47.

Cheniere Energy Stock Up 1.2%

LNG opened at $258.87 on Friday. The business’s fifty day moving average is $241.45 and its two-hundred day moving average is $239.35. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.48 and a current ratio of 0.57. The company has a market cap of $54.25 billion, a price-to-earnings ratio of 42.58 and a beta of -0.01. Cheniere Energy, Inc. has a one year low of $186.20 and a one year high of $300.89.

Cheniere Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Monday, May 11th were given a $0.555 dividend. The ex-dividend date was Monday, May 11th. This represents a $2.22 annualized dividend and a dividend yield of 0.9%. Cheniere Energy’s payout ratio is currently 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.