Redwood Investment Management LLC Decreases Stake in Cheniere Energy, Inc. $LNG

Redwood Investment Management LLC cut its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 37.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,535 shares of the energy company’s stock after selling 2,156 shares during the quarter. Redwood Investment Management LLC’s holdings in Cheniere Energy were worth $1,003,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Strive Financial Group LLC purchased a new position in shares of Cheniere Energy in the fourth quarter worth about $25,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Cheniere Energy during the 4th quarter valued at $26,000. Financial Life Planners purchased a new stake in Cheniere Energy during the 1st quarter worth about $26,000. Caitong International Asset Management Co. Ltd bought a new position in Cheniere Energy in the 3rd quarter worth about $27,000. Finally, Accordant Advisory Group Inc bought a new position in Cheniere Energy in the 4th quarter worth about $29,000. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Down 2.0%

LNG stock opened at $258.18 on Tuesday. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 2.55. The company’s 50 day moving average is $246.24 and its 200 day moving average is $245.04. The stock has a market cap of $54.10 billion, a price-to-earnings ratio of 42.46 and a beta of -0.01. Cheniere Energy, Inc. has a 1-year low of $186.20 and a 1-year high of $300.89.

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 18th. Stockholders of record on Monday, August 10th will be issued a $0.555 dividend. The ex-dividend date of this dividend is Monday, August 10th. 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%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LNG. Sanford C. Bernstein began coverage on Cheniere Energy in a research report on Tuesday, June 16th. They set a “market perform” rating and a $283.00 price target on the stock. Wolfe Research restated an “outperform” rating and issued a $300.00 price objective on shares of Cheniere Energy in a research report on Tuesday, June 2nd. Morgan Stanley reduced their price objective on shares of Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating for the company in a research note on Tuesday, April 21st. JPMorgan Chase & Co. increased their target price on shares of Cheniere Energy from $327.00 to $334.00 and gave the stock an “overweight” rating in a research note on Friday, July 24th. Finally, Barclays raised their price target on shares of Cheniere Energy from $271.00 to $274.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $298.88.

About Cheniere Energy

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.