Meitav Investment House Ltd. Reduces Stake in Cheniere Energy, Inc. $LNG

Meitav Investment House Ltd. lessened its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 20.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 158,200 shares of the energy company’s stock after selling 40,000 shares during the quarter. Meitav Investment House Ltd. owned approximately 0.08% of Cheniere Energy worth $44,891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in LNG. Resonant Capital Advisors LLC purchased a new stake in shares of Cheniere Energy in the first quarter worth $216,000. United Asset Strategies Inc. boosted its stake in Cheniere Energy by 9.7% during the first quarter. United Asset Strategies Inc. now owns 28,950 shares of the energy company’s stock valued at $8,215,000 after buying an additional 2,554 shares during the last quarter. Clare Market Investments LLC purchased a new position in shares of Cheniere Energy in the first quarter valued at $759,000. Integrated Advisors Network LLC purchased a new position in shares of Cheniere Energy in the 1st quarter worth $214,000. Finally, Walser Wealth Management Company A Ltd Liability Co increased its stake in Cheniere Energy by 14.5% during the first quarter. Walser Wealth Management Company A Ltd Liability Co now owns 2,177 shares of the energy company’s stock worth $618,000 after acquiring an additional 275 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have weighed in on LNG. 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 price objective on the stock. Bank of America upped their target price on Cheniere Energy from $296.00 to $322.00 and gave the stock a “buy” rating in a report on Friday, March 20th. Wall Street Zen downgraded shares of Cheniere Energy from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. BMO Capital Markets lifted their target price on Cheniere Energy from $265.00 to $306.00 and gave the company an “outperform” rating in a research note on Monday, March 23rd. Finally, TD Cowen increased their price objective on Cheniere Energy from $265.00 to $270.00 and gave the company a “buy” rating in a report on Monday, May 11th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $297.71.

Cheniere Energy Stock Performance

NYSE LNG traded up $7.82 during mid-day trading on Tuesday, reaching $253.91. 673,622 shares of the stock were exchanged, compared to its average volume of 2,583,055. The business’s 50 day moving average is $242.25 and its 200-day moving average is $235.02. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.48 and a current ratio of 0.57. Cheniere Energy, Inc. has a 1 year low of $186.20 and a 1 year high of $300.89. The company has a market capitalization of $53.21 billion, a P/E ratio of 41.68 and a beta of -0.01.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Monday, May 11th were paid a $0.555 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.22 dividend on an annualized basis and a yield of 0.9%. Cheniere Energy’s dividend payout ratio (DPR) is currently 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.