Cheniere Energy, Inc. $LNG Shares Acquired by NewEdge Wealth LLC

NewEdge Wealth LLC lifted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 76.4% during the first quarter, Holdings Channel reports. The firm owned 6,197 shares of the energy company’s stock after purchasing an additional 2,683 shares during the quarter. NewEdge Wealth LLC’s holdings in Cheniere Energy were worth $1,759,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of LNG. Norges Bank acquired a new position in shares of Cheniere Energy in the 4th quarter valued at $731,774,000. Bank of New York Mellon Corp raised its holdings 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 worth $636,834,000 after buying an additional 1,426,058 shares during the period. Marshall Wace LLP raised 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 buying an additional 686,459 shares during the period. Arrowstreet Capital Limited Partnership raised 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 buying an additional 484,198 shares during the period. Finally, Vanguard Group Inc. lifted its stake in Cheniere Energy by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 21,219,557 shares of the energy company’s stock valued at $4,124,870,000 after buying an additional 414,022 shares in the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LNG has been the subject of several recent analyst reports. Weiss Ratings cut shares of Cheniere Energy from a “buy (b)” rating to a “hold (c)” rating in a report on Monday, May 11th. Sanford C. Bernstein assumed coverage on shares of Cheniere Energy in a report on Tuesday, June 16th. They set a “market perform” rating and a $283.00 price target on the stock. Benchmark restated an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, May 26th. JPMorgan Chase & Co. raised their price objective on shares of Cheniere Energy from $327.00 to $334.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Zacks Research upgraded shares of Cheniere Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 13th. Three 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 company. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $298.88.

Cheniere Energy Stock Down 0.2%

Shares of Cheniere Energy stock opened at $269.27 on Monday. Cheniere Energy, Inc. has a 1 year low of $186.20 and a 1 year high of $300.89. The company has a market cap of $56.43 billion, a P/E 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 stock has a 50-day moving average price of $244.52 and a 200 day moving average price of $242.37.

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders 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 of this dividend was Monday, May 11th. Cheniere Energy’s dividend payout ratio is 36.51%.

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.