Renaissance Technologies LLC Boosts Stake in Cheniere Energy, Inc. $LNG

Renaissance Technologies LLC grew its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 3.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 314,248 shares of the energy company’s stock after acquiring an additional 10,184 shares during the quarter. Renaissance Technologies LLC’s holdings in Cheniere Energy were worth $89,171,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Strive Financial Group LLC purchased a new stake in shares of Cheniere Energy during the 4th quarter worth about $25,000. Kohmann Bosshard Financial Services LLC purchased a new position in Cheniere Energy in the fourth quarter valued at approximately $26,000. Financial Life Planners purchased a new position in Cheniere Energy in the first quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new position in Cheniere Energy during the third quarter valued at approximately $27,000. Finally, Accordant Advisory Group Inc acquired a new position in Cheniere Energy during the fourth quarter valued at approximately $29,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Price Performance

LNG opened at $269.27 on Friday. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $300.89. The firm has a market cap of $56.43 billion, a price-to-earnings ratio of 44.29 and a beta of -0.01. 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 has a fifty day simple moving average of $244.52 and a 200 day simple moving average of $242.07.

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 paid a dividend of $0.555 per share. The ex-dividend date was Monday, May 11th. This represents a $2.22 annualized dividend and a dividend yield of 0.8%. Cheniere Energy’s dividend payout ratio (DPR) is currently 36.51%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Royal Bank Of Canada boosted their price objective on shares of Cheniere Energy from $286.00 to $300.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 14th. Citigroup lifted their target price on shares of Cheniere Energy from $280.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. Jefferies Financial Group upped their price target on shares of Cheniere Energy from $275.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday, April 7th. Weiss Ratings lowered Cheniere Energy from a “buy (b)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Finally, Wall Street Zen raised Cheniere Energy from a “sell” rating to a “hold” rating in a research report on Saturday. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $298.88.

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.