CHICAGO TRUST Co NA Lowers Stock Holdings in Cheniere Energy, Inc. $LNG

CHICAGO TRUST Co NA lowered its stake in Cheniere Energy, Inc. (NYSE:LNG) by 70.2% during the first quarter, HoldingsChannel reports. The firm owned 1,209 shares of the energy company’s stock after selling 2,853 shares during the quarter. CHICAGO TRUST Co NA’s holdings in Cheniere Energy were worth $343,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. Norges Bank purchased a new position in Cheniere Energy in the 4th quarter valued at $731,774,000. Marshall Wace LLP raised its position in Cheniere Energy by 555.0% during the 4th quarter. Marshall Wace LLP now owns 810,138 shares of the energy company’s stock worth $157,483,000 after buying an additional 686,459 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Cheniere Energy by 518.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 577,533 shares of the energy company’s stock worth $112,267,000 after buying an additional 484,198 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Cheniere Energy by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 21,219,557 shares of the energy company’s stock worth $4,124,870,000 after acquiring an additional 414,022 shares during the period. Finally, Voloridge Investment Management LLC lifted its stake in shares of Cheniere Energy by 3,902.4% in the 4th quarter. Voloridge Investment Management LLC now owns 389,676 shares of the energy company’s stock worth $75,749,000 after acquiring an additional 379,940 shares during the period. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Citigroup boosted their price target on shares of Cheniere Energy from $280.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. UBS Group set a $290.00 price objective on Cheniere Energy in a report on Wednesday, May 13th. Wall Street Zen cut Cheniere Energy from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. JPMorgan Chase & Co. increased their target price on Cheniere Energy from $325.00 to $327.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. Finally, Scotiabank reissued an “outperform” rating on shares of Cheniere Energy in a report on Wednesday, May 13th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $297.71.

Cheniere Energy Stock Up 0.8%

Shares of NYSE LNG opened at $245.93 on Friday. The stock has a market capitalization of $51.53 billion, a price-to-earnings ratio of 40.45 and a beta of -0.01. Cheniere Energy, Inc. has a 52 week low of $186.20 and a 52 week high of $300.89. The firm has a 50-day moving average price of $242.48 and a 200 day moving average price of $234.62. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 2.55.

Cheniere Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders 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 payout ratio is 36.51%.

Cheniere Energy Company 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.