Cheniere Energy, Inc. $LNG Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp lifted its stake in Cheniere Energy, Inc. (NYSE:LNG) by 174.3% in the first quarter, HoldingsChannel reports. The firm owned 2,244,268 shares of the energy company’s stock after acquiring an additional 1,426,058 shares during the quarter. Bank of New York Mellon Corp’s holdings in Cheniere Energy were worth $636,834,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Financial Life Planners purchased a new stake in Cheniere Energy during the 1st quarter worth about $26,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Cheniere Energy in the 3rd quarter valued at about $27,000. Strive Financial Group LLC purchased a new position in shares of Cheniere Energy in the 4th quarter valued at about $25,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Cheniere Energy during the fourth quarter worth about $26,000. Finally, Valued Wealth Advisors LLC grew its position in shares of Cheniere Energy by 100.0% during the first quarter. Valued Wealth Advisors LLC now owns 140 shares of the energy company’s stock worth $40,000 after buying an additional 70 shares in the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Trading Up 1.2%

NYSE LNG opened at $258.87 on Friday. 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’s fifty day moving average price is $241.45 and its 200 day moving average price is $239.35. The company has a market capitalization of $54.25 billion, a price-to-earnings ratio of 42.58 and a beta of -0.01. Cheniere Energy, Inc. has a 12 month low of $186.20 and a 12 month high of $300.89.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Monday, May 11th were issued 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 (DPR) is presently 36.51%.

Analyst Ratings Changes

Several brokerages recently weighed in on LNG. Zacks Research raised shares of Cheniere Energy from a “hold” rating to a “strong-buy” rating in a report on Monday. TD Cowen boosted their price target on shares of Cheniere Energy from $270.00 to $280.00 and gave the stock a “buy” rating in a report on Thursday. Citigroup increased their price objective on shares of Cheniere Energy from $280.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, April 2nd. Scotiabank restated an “outperform” rating on shares of Cheniere Energy in a report on Wednesday, May 13th. Finally, Royal Bank Of Canada lifted their price objective on shares of Cheniere Energy from $286.00 to $300.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 14th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $298.47.

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.