Dimensional Fund Advisors LP Lowers Position in Cheniere Energy, Inc. $LNG

Dimensional Fund Advisors LP lessened its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 5.6% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 2,138,141 shares of the energy company’s stock after selling 125,685 shares during the period. Dimensional Fund Advisors LP’s holdings in Cheniere Energy were worth $606,889,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Parallel Advisors LLC raised its stake in Cheniere Energy by 1.6% during the 1st quarter. Parallel Advisors LLC now owns 7,549 shares of the energy company’s stock worth $2,142,000 after acquiring an additional 120 shares during the period. KBC Group NV raised its position in shares of Cheniere Energy by 1.2% during the 1st quarter. KBC Group NV now owns 70,228 shares of the energy company’s stock valued at $19,928,000 after purchasing an additional 833 shares during the period. Swiss National Bank raised its position in shares of Cheniere Energy by 4.9% during the 1st quarter. Swiss National Bank now owns 631,700 shares of the energy company’s stock valued at $179,251,000 after purchasing an additional 29,400 shares during the period. Bartlett & CO. Wealth Management LLC raised its position in shares of Cheniere Energy by 37.3% during the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 243 shares of the energy company’s stock valued at $66,000 after purchasing an additional 66 shares during the period. Finally, Zhang Financial LLC purchased a new position in shares of Cheniere Energy during the 1st quarter valued at $522,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Zacks Research raised Cheniere Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, July 13th. UBS Group set a $290.00 price objective on Cheniere Energy in a research note on Wednesday, May 13th. Weiss Ratings cut Cheniere Energy from a “buy (b)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Wolfe Research reissued an “outperform” rating and set a $300.00 target price on shares of Cheniere Energy in a research note on Tuesday, June 2nd. Finally, The Goldman Sachs Group upped their price target on Cheniere Energy from $276.00 to $312.00 and gave the stock a “buy” rating in a research note on Tuesday, March 24th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $298.47.

Cheniere Energy Stock Up 0.1%

Shares of LNG stock opened at $262.94 on Monday. The stock has a market cap of $55.10 billion, a P/E ratio of 43.25 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 company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 2.55. The company’s fifty day simple moving average is $241.91 and its two-hundred day simple moving average is $239.85.

Cheniere Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Monday, May 11th were given a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Monday, May 11th. Cheniere Energy’s payout ratio is currently 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.