Cheniere Energy, Inc. $LNG Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 2.8% during the 3rd quarter, HoldingsChannel reports. The firm owned 619,591 shares of the energy company’s stock after buying an additional 17,039 shares during the quarter. Russell Investments Group Ltd.’s holdings in Cheniere Energy were worth $166,656,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its holdings in shares of Cheniere Energy by 210.1% in the second quarter. Wellington Management Group LLP now owns 2,444,403 shares of the energy company’s stock valued at $584,237,000 after purchasing an additional 1,656,194 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Cheniere Energy by 174.3% in the first quarter. Bank of New York Mellon Corp now owns 2,244,268 shares of the energy company’s stock worth $636,834,000 after buying an additional 1,426,058 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Cheniere Energy by 12.6% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,135,088 shares of the energy company’s stock valued at $510,307,000 after buying an additional 239,680 shares in the last quarter. Chickasaw Capital Management LLC grew its holdings in shares of Cheniere Energy by 4.4% during the third quarter. Chickasaw Capital Management LLC now owns 893,452 shares of the energy company’s stock valued at $240,365,000 after buying an additional 37,325 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Cheniere Energy by 50.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 867,496 shares of the energy company’s stock valued at $246,161,000 after buying an additional 289,963 shares in the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on LNG. Sanford C. Bernstein reissued an “outperform” rating and issued a $283.00 price objective on shares of Cheniere Energy in a research note on Thursday, October 29th. Wolfe Research cut Cheniere Energy from an “outperform” rating to a “peer perform” rating in a research note on Monday, November 2nd. UBS Group reaffirmed a “buy” rating on shares of Cheniere Energy in a research note on Tuesday, September 1st. Wall Street Zen upgraded Cheniere Energy from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Finally, Argus set a $330.00 price target on shares of Cheniere Energy in a research report on Tuesday, August 18th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $324.41.

Cheniere Energy Trading Up 1.7%

Shares of NYSE:LNG opened at $309.79 on Friday. The firm has a fifty day moving average of $284.04 and a two-hundred day moving average of $259.84. The firm has a market capitalization of $63.26 billion, a P/E ratio of 21.62, a price-to-earnings-growth ratio of 0.93 and a beta of 0.01. Cheniere Energy, Inc. has a 12-month low of $186.20 and a 12-month high of $330.73. The company has a quick ratio of 0.76, a current ratio of 0.90 and a debt-to-equity ratio of 1.89.

Cheniere Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 17th. Investors of record on Monday, November 9th will be issued a dividend of $0.6250 per share. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.5550. This represents a $2.50 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Monday, November 9th. Cheniere Energy’s dividend payout ratio is 17.45%.

About Cheniere Energy

Cheniere Energy, Inc. is a U.S. energy company focused on producing and exporting liquefied natural gas (LNG). Its operations include the Sabine Pass LNG facility in Louisiana and the Corpus Christi LNG facility in Texas, where natural gas is processed and liquefied for shipment. The company supplies LNG to customers in international markets, including countries in Asia, Europe and Latin America. Its activities also include sourcing natural gas and marketing LNG under long-term and other sales agreements.