Cooper Investors PTY Ltd. Takes Position in Cheniere Energy, Inc. $LNG

Cooper Investors PTY Ltd. bought a new position in Cheniere Energy, Inc. (NYSE:LNG) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,639 shares of the energy company’s stock, valued at approximately $1,109,000.

A number of other large investors have also bought and sold shares of LNG. Financial Life Planners bought a new position in Cheniere Energy in the 1st quarter valued at $26,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Cheniere Energy during the third quarter worth $27,000. Strive Financial Group LLC bought a new stake in shares of Cheniere Energy during the fourth quarter worth $25,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Cheniere Energy in the fourth quarter valued at $26,000. Finally, Optiver Holding B.V. increased its stake in shares of Cheniere Energy by 54.5% in the first quarter. Optiver Holding B.V. now owns 136 shares of the energy company’s stock valued at $39,000 after buying an additional 48 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Stock Performance

LNG stock opened at $257.82 on Wednesday. The business’s fifty day moving average is $246.71 and its 200-day moving average is $245.45. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 2.55. The company has a market cap of $54.03 billion, a P/E ratio of 42.41 and a beta of -0.01. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $300.89.

Cheniere Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 18th. Shareholders of record on Monday, August 10th will be issued a dividend of $0.555 per share. The ex-dividend date is Monday, August 10th. This represents a $2.22 dividend on an annualized basis and a yield of 0.9%. Cheniere Energy’s dividend payout ratio (DPR) is 36.51%.

Wall Street Analysts Forecast Growth

LNG has been the topic of several research reports. Wolfe Research reiterated an “outperform” rating and set a $300.00 price target on shares of Cheniere Energy in a research report on Tuesday, June 2nd. Benchmark restated an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, May 26th. Sanford C. Bernstein initiated coverage on shares of Cheniere Energy in a research report on Tuesday, June 16th. They set a “market perform” rating and a $283.00 target price on the stock. Morgan Stanley decreased their price target on shares of Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 21st. Finally, Zacks Research raised shares of Cheniere Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, July 13th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $298.88.

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.