Cheniere Energy, Inc. $LNG Shares Purchased by Candriam S.C.A.

Candriam S.C.A. increased its stake in shares of Cheniere Energy, Inc. (NYSE:LNGFree Report) by 251.0% during the first quarter, Holdings Channel reports. The institutional investor owned 91,933 shares of the energy company’s stock after acquiring an additional 65,738 shares during the period. Candriam S.C.A.’s holdings in Cheniere Energy were worth $26,087,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Independence Bank of Kentucky boosted its position in Cheniere Energy by 6.8% during the first quarter. Independence Bank of Kentucky now owns 725 shares of the energy company’s stock worth $206,000 after purchasing an additional 46 shares in the last quarter. KLCM Advisors Inc. acquired a new stake in Cheniere Energy in the 1st quarter valued at about $218,000. Manning & Napier Advisors LLC raised its position in Cheniere Energy by 34,400.0% during the first quarter. Manning & Napier Advisors LLC now owns 1,380 shares of the energy company’s stock worth $392,000 after acquiring an additional 1,376 shares during the last quarter. Main Street Research LLC purchased a new stake in shares of Cheniere Energy in the first quarter valued at about $287,000. Finally, First Horizon Corp raised its position in shares of Cheniere Energy by 7.7% during the 1st quarter. First Horizon Corp now owns 517 shares of the energy company’s stock worth $147,000 after purchasing an additional 37 shares during the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on LNG shares. UBS Group set a $290.00 price target on Cheniere Energy in a report on Wednesday, May 13th. Wolfe Research reiterated an “outperform” rating and set a $300.00 price target on shares of Cheniere Energy in a report on Tuesday, June 2nd. Bank of America boosted their price objective on shares of Cheniere Energy from $296.00 to $322.00 and gave the company a “buy” rating in a research report on Friday, March 20th. JPMorgan Chase & Co. boosted their price target on Cheniere Energy from $325.00 to $327.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Finally, Weiss Ratings lowered Cheniere Energy from a “buy (b)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Cheniere Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $297.71.

Read Our Latest Research Report on Cheniere Energy

Cheniere Energy Stock Performance

LNG stock traded down $2.72 during midday trading on Friday, hitting $258.57. 1,469,698 shares of the stock traded hands, compared to its average volume of 2,215,278. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.57 and a quick ratio of 0.48. Cheniere Energy, Inc. has a 1-year low of $186.20 and a 1-year high of $300.89. The stock’s fifty day simple moving average is $241.65 and its 200-day simple moving average is $237.03. The firm has a market cap of $54.18 billion, a P/E ratio of 42.53 and a beta of -0.01.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.9%. Cheniere Energy’s dividend payout ratio is presently 36.51%.

Key Stories Impacting Cheniere Energy

Here are the key news stories impacting Cheniere Energy this week:

Cheniere Energy Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Cheniere Energy (NYSE:LNG)

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