CI Investments Inc. Sells 3,449 Shares of Cheniere Energy, Inc. $LNG

CI Investments Inc. lowered its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 0.5% during the 1st quarter, Holdings Channel.com reports. The firm owned 758,640 shares of the energy company’s stock after selling 3,449 shares during the quarter. Cheniere Energy accounts for approximately 1.0% of CI Investments Inc.’s portfolio, making the stock its 17th biggest position. CI Investments Inc.’s holdings in Cheniere Energy were worth $215,272,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in LNG. First Trust Advisors LP grew its stake in shares of Cheniere Energy by 58.4% in the 1st quarter. First Trust Advisors LP now owns 224,192 shares of the energy company’s stock valued at $63,617,000 after buying an additional 82,668 shares during the period. Millennium Capital Advisors LLC acquired a new stake in Cheniere Energy in the first quarter valued at approximately $220,000. ABN Amro Investment Solutions increased its holdings in shares of Cheniere Energy by 9.4% during the first quarter. ABN Amro Investment Solutions now owns 13,541 shares of the energy company’s stock valued at $3,842,000 after acquiring an additional 1,163 shares in the last quarter. Mathes Company Inc. bought a new stake in shares of Cheniere Energy during the first quarter valued at approximately $227,000. Finally, Baader Bank Aktiengesellschaft acquired a new position in shares of Cheniere Energy during the first quarter worth approximately $711,000. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

LNG stock opened at $263.18 on Wednesday. The business has a 50 day moving average of $242.78 and a 200-day moving average of $240.84. 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, Inc. has a 12-month low of $186.20 and a 12-month high of $300.89. The firm has a market cap of $55.15 billion, a PE ratio of 43.29 and a beta of -0.01.

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Monday, May 11th were issued a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Monday, May 11th. Cheniere Energy’s dividend payout ratio (DPR) is 36.51%.

Analyst Upgrades and Downgrades

LNG has been the topic of a number of recent research reports. Benchmark reiterated an “outperform” rating on shares of Cheniere Energy in a report on Tuesday, May 26th. Royal Bank Of Canada boosted their price target on shares of Cheniere Energy from $286.00 to $300.00 and gave the company an “outperform” rating in a research note on Tuesday, April 14th. Wall Street Zen downgraded shares of Cheniere Energy from a “hold” rating to a “sell” rating in a report on Saturday, June 27th. Citigroup raised their price objective on shares of Cheniere Energy from $280.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. Finally, Jefferies Financial Group lifted their price objective on shares of Cheniere Energy from $275.00 to $330.00 and gave the company a “buy” rating in a report on Tuesday, April 7th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus 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.