Spectrum Strategic Capital Management LLC Raises Stock Position in Cheniere Energy, Inc. $LNG

Spectrum Strategic Capital Management LLC raised its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 106.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 9,584 shares of the energy company’s stock after acquiring an additional 4,938 shares during the period. Cheniere Energy accounts for 1.2% of Spectrum Strategic Capital Management LLC’s holdings, making the stock its 22nd biggest holding. Spectrum Strategic Capital Management LLC’s holdings in Cheniere Energy were worth $2,252,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Rothschild Investment LLC boosted its stake in shares of Cheniere Energy by 34.5% in the third quarter. Rothschild Investment LLC now owns 2,547 shares of the energy company’s stock worth $598,000 after buying an additional 654 shares during the last quarter. Glenview Trust Co raised its position in Cheniere Energy by 27.2% during the third quarter. Glenview Trust Co now owns 3,165 shares of the energy company’s stock valued at $744,000 after acquiring an additional 676 shares in the last quarter. M&G PLC lifted its holdings in Cheniere Energy by 49.6% in the third quarter. M&G PLC now owns 556,285 shares of the energy company’s stock valued at $130,727,000 after acquiring an additional 184,520 shares during the period. Texas Yale Capital Corp. boosted its position in Cheniere Energy by 4.5% in the 3rd quarter. Texas Yale Capital Corp. now owns 30,176 shares of the energy company’s stock worth $7,091,000 after purchasing an additional 1,308 shares in the last quarter. Finally, Fifth Third Bancorp grew its stake in shares of Cheniere Energy by 10.4% during the 3rd quarter. Fifth Third Bancorp now owns 9,952 shares of the energy company’s stock worth $2,339,000 after purchasing an additional 936 shares during the period. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on LNG shares. Wells Fargo & Company decreased their target price on shares of Cheniere Energy from $284.00 to $280.00 and set an “overweight” rating for the company in a research note on Monday, January 12th. BMO Capital Markets reiterated an “outperform” rating and issued a $254.00 price objective on shares of Cheniere Energy in a research report on Wednesday, December 17th. Royal Bank Of Canada lowered their target price on shares of Cheniere Energy from $282.00 to $271.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 28th. Scotiabank restated an “outperform” rating and issued a $266.00 price target on shares of Cheniere Energy in a research note on Friday, January 16th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and issued a $278.00 price target (up previously from $275.00) on shares of Cheniere Energy in a report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $264.24.

Cheniere Energy Trading Down 0.9%

Shares of Cheniere Energy stock opened at $218.73 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 1.94. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $246.42. The firm has a market capitalization of $47.08 billion, a PE ratio of 12.19 and a beta of 0.27. The firm’s 50-day moving average price is $201.61 and its 200 day moving average price is $216.71.

Cheniere Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 6th will be paid a $0.555 dividend. The ex-dividend date of this dividend is Friday, February 6th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.0%. Cheniere Energy’s payout ratio is currently 12.37%.

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.