OMERS ADMINISTRATION Corp Boosts Stake in Cheniere Energy, Inc. $LNG

OMERS ADMINISTRATION Corp grew its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 6,513.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 564,742 shares of the energy company’s stock after acquiring an additional 556,203 shares during the period. Cheniere Energy comprises about 1.0% of OMERS ADMINISTRATION Corp’s investment portfolio, making the stock its 24th biggest holding. OMERS ADMINISTRATION Corp’s holdings in Cheniere Energy were worth $160,251,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of LNG. Norges Bank acquired a new position in shares of Cheniere Energy in the fourth quarter worth about $731,774,000. Bank of New York Mellon Corp grew its stake in Cheniere Energy by 174.3% during the 1st quarter. Bank of New York Mellon Corp now owns 2,244,268 shares of the energy company’s stock valued at $636,834,000 after purchasing an additional 1,426,058 shares in the last quarter. Marshall Wace LLP increased its holdings in Cheniere Energy by 555.0% during the 4th quarter. Marshall Wace LLP now owns 810,138 shares of the energy company’s stock worth $157,483,000 after purchasing an additional 686,459 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Cheniere Energy by 518.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 577,533 shares of the energy company’s stock worth $112,267,000 after purchasing an additional 484,198 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Cheniere Energy by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 21,219,557 shares of the energy company’s stock valued at $4,124,870,000 after purchasing an additional 414,022 shares in the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Royal Bank Of Canada increased their target price on Cheniere Energy from $286.00 to $300.00 and gave the company an “outperform” rating in a research note on Tuesday, April 14th. UBS Group set a $290.00 price target on shares of Cheniere Energy in a research note on Wednesday, May 13th. Wolfe Research reaffirmed an “outperform” rating and issued a $300.00 price target on shares of Cheniere Energy in a report on Tuesday, June 2nd. Citigroup increased 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, Benchmark reissued an “outperform” rating on shares of Cheniere Energy in a report on Tuesday, May 26th. Three equities 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 stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $298.88.

Cheniere Energy Trading Down 1.0%

NYSE:LNG opened at $269.27 on Friday. The company has a market cap of $56.43 billion, a PE ratio of 44.29 and a beta of -0.01. The business’s 50 day moving average is $244.52 and its two-hundred day moving average is $242.07. 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 52 week low of $186.20 and a 52 week high of $300.89.

Cheniere Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Investors 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 yield of 0.8%. Cheniere Energy’s dividend payout ratio (DPR) is 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.