Waverly Advisors LLC Reduces Stock Position in Cheniere Energy, Inc. $LNG

Waverly Advisors LLC lessened its stake in Cheniere Energy, Inc. (NYSE:LNG) by 5.3% in the first quarter, HoldingsChannel reports. The firm owned 72,796 shares of the energy company’s stock after selling 4,059 shares during the period. Waverly Advisors LLC’s holdings in Cheniere Energy were worth $20,656,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the company. Entropy Technologies LP grew its stake in shares of Cheniere Energy by 217.1% during the 1st quarter. Entropy Technologies LP now owns 62,758 shares of the energy company’s stock valued at $17,808,000 after purchasing an additional 42,966 shares during the period. Cannell & Spears LLC bought a new position in shares of Cheniere Energy in the 1st quarter worth approximately $3,785,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Cheniere Energy in the first quarter worth approximately $5,736,000. Dai ichi Life Insurance Company Ltd grew its position in Cheniere Energy by 6.0% during the first quarter. Dai ichi Life Insurance Company Ltd now owns 13,140 shares of the energy company’s stock valued at $3,729,000 after buying an additional 746 shares during the period. Finally, Renaissance Technologies LLC grew its position in Cheniere Energy by 3.3% during the first quarter. Renaissance Technologies LLC now owns 314,248 shares of the energy company’s stock valued at $89,171,000 after buying an additional 10,184 shares during the period. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

NYSE LNG opened at $269.27 on Monday. 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 twelve month low of $186.20 and a twelve month high of $300.89. The business has a 50-day moving average price of $244.52 and a 200-day moving average price of $242.37. The firm has a market cap of $56.43 billion, a price-to-earnings ratio of 44.29 and a beta of -0.01.

Cheniere Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Monday, May 11th were paid a $0.555 dividend. This represents a $2.22 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, May 11th. Cheniere Energy’s dividend payout ratio is presently 36.51%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on LNG. Zacks Research upgraded shares of Cheniere Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. Wolfe Research reiterated an “outperform” rating and set a $300.00 target price on shares of Cheniere Energy in a research report on Tuesday, June 2nd. Royal Bank Of Canada raised their price objective on Cheniere Energy from $286.00 to $300.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 14th. Morgan Stanley cut their price objective on Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating for the company in a research note on Tuesday, April 21st. Finally, Weiss Ratings lowered shares of Cheniere Energy from a “buy (b)” rating to a “hold (c)” rating in a report on Monday, May 11th. Three analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Cheniere Energy currently has a consensus rating of “Buy” and a consensus price target 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.