Fielder Capital Group LLC increased its stake in Cheniere Energy, Inc. (NYSE:LNG – Free Report) by 2.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,913 shares of the energy company’s stock after purchasing an additional 78 shares during the period. Fielder Capital Group LLC’s holdings in Cheniere Energy were worth $674,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of LNG. Two Sigma Advisers LP grew its holdings in Cheniere Energy by 84.6% during the 4th quarter. Two Sigma Advisers LP now owns 1,651,500 shares of the energy company’s stock worth $354,858,000 after acquiring an additional 756,900 shares during the period. Massachusetts Financial Services Co. MA increased its position in shares of Cheniere Energy by 12.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,660,545 shares of the energy company’s stock valued at $1,078,450,000 after buying an additional 534,033 shares in the last quarter. Invesco Ltd. increased its position in shares of Cheniere Energy by 16.1% in the 4th quarter. Invesco Ltd. now owns 3,237,303 shares of the energy company’s stock valued at $695,599,000 after buying an additional 450,031 shares in the last quarter. Los Angeles Capital Management LLC increased its position in shares of Cheniere Energy by 346.6% in the 1st quarter. Los Angeles Capital Management LLC now owns 568,627 shares of the energy company’s stock valued at $131,580,000 after buying an additional 441,296 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Cheniere Energy by 25,232.4% in the 1st quarter. GAMMA Investing LLC now owns 342,241 shares of the energy company’s stock valued at $79,195,000 after buying an additional 340,890 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.
Cheniere Energy Trading Down 0.1%
Cheniere Energy stock opened at $225.54 on Monday. The firm has a 50-day moving average of $235.04 and a 200-day moving average of $229.23. Cheniere Energy, Inc. has a one year low of $167.66 and a one year high of $257.65. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.19 and a quick ratio of 1.06. The company has a market cap of $50.02 billion, a price-to-earnings ratio of 16.50 and a beta of 0.42.
Cheniere Energy Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Stockholders of record on Friday, August 8th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, August 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.89%. Cheniere Energy’s dividend payout ratio is 14.63%.
Analyst Upgrades and Downgrades
A number of analysts recently commented on the stock. Cowen restated a “buy” rating on shares of Cheniere Energy in a research report on Wednesday, June 25th. Wells Fargo & Company set a $267.00 price objective on shares of Cheniere Energy and gave the company an “overweight” rating in a research report on Wednesday, June 25th. Jefferies Financial Group set a $288.00 price objective on shares of Cheniere Energy and gave the company a “buy” rating in a research report on Thursday, June 26th. JPMorgan Chase & Co. upped their price objective on shares of Cheniere Energy from $252.00 to $265.00 and gave the company an “overweight” rating in a research report on Monday, April 28th. Finally, Stifel Nicolaus lowered their price objective on shares of Cheniere Energy from $255.00 to $247.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Two equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Cheniere Energy has a consensus rating of “Moderate Buy” and an average target price of $260.36.
Check Out Our Latest Analysis on LNG
Insider Activity at Cheniere Energy
In other news, Director Neal A. Shear sold 4,300 shares of the stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $245.93, for a total transaction of $1,057,499.00. Following the completion of the transaction, the director directly owned 29,733 shares in the company, valued at $7,312,236.69. This represents a 12.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.26% of the stock is currently owned by corporate insiders.
Cheniere Energy Profile
Cheniere Energy, Inc, an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas. The company also owns Creole Trail pipeline, a 94-mile natural gas supply pipeline that interconnects the Sabine Pass LNG Terminal with several interstate and intrastate pipelines; and operates Corpus Christi pipeline, a 21.5-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.
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