Stableford Capital II LLC Lowers Position in Cheniere Energy, Inc. $LNG

Stableford Capital II LLC cut its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 31.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,607 shares of the energy company’s stock after selling 2,586 shares during the quarter. Stableford Capital II LLC’s holdings in Cheniere Energy were worth $1,340,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its holdings in Cheniere Energy by 20.5% in the second quarter. Versant Capital Management Inc now owns 1,059 shares of the energy company’s stock worth $253,000 after purchasing an additional 180 shares in the last quarter. CX Institutional boosted its holdings in shares of Cheniere Energy by 8.2% during the 2nd quarter. CX Institutional now owns 946 shares of the energy company’s stock valued at $226,000 after buying an additional 72 shares in the last quarter. Miller Global Investments LLC boosted its stake in Cheniere Energy by 32.4% during the second quarter. Miller Global Investments LLC now owns 237 shares of the energy company’s stock worth $57,000 after acquiring an additional 58 shares in the last quarter. Western Wealth Management LLC boosted its position in shares of Cheniere Energy by 4.2% in the 1st quarter. Western Wealth Management LLC now owns 3,756 shares of the energy company’s stock worth $1,066,000 after purchasing an additional 153 shares in the last quarter. Finally, Pacer Advisors Inc. grew its stake in shares of Cheniere Energy by 50.3% in the first quarter. Pacer Advisors Inc. now owns 27,271 shares of the energy company’s stock worth $7,738,000 after acquiring an additional 9,122 shares during the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LNG has been the topic of a number of recent analyst reports. UBS Group set a $290.00 price target on shares of Cheniere Energy in a report on Wednesday, May 13th. Royal Bank Of Canada boosted their target price on Cheniere Energy from $286.00 to $300.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 14th. Wall Street Zen upgraded shares of Cheniere Energy from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Barclays raised their price target on shares of Cheniere Energy from $271.00 to $274.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Finally, Scotiabank reiterated an “outperform” rating on shares of Cheniere Energy in a research note on Wednesday, May 13th. Three investment 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. According to data from MarketBeat, Cheniere Energy has an average rating of “Buy” and a consensus target price of $298.88.

Cheniere Energy Price Performance

NYSE LNG opened at $258.18 on Tuesday. The stock has a market capitalization of $54.10 billion, a price-to-earnings ratio of 42.46 and a beta of -0.01. Cheniere Energy, Inc. has a 1-year low of $186.20 and a 1-year high of $300.89. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.57 and a quick ratio of 0.48. The business’s fifty day moving average price is $246.24 and its 200-day moving average price is $245.04.

Cheniere Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 18th. Shareholders of record on Monday, August 10th will be given a $0.555 dividend. This represents a $2.22 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, August 10th. Cheniere Energy’s dividend payout ratio (DPR) is presently 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.