Thrivent Financial for Lutherans Buys 9,157 Shares of Cheniere Energy, Inc. $LNG

Thrivent Financial for Lutherans boosted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 16.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 65,542 shares of the energy company’s stock after acquiring an additional 9,157 shares during the period. Thrivent Financial for Lutherans’ holdings in Cheniere Energy were worth $15,401,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of LNG. Salomon & Ludwin LLC purchased a new position in shares of Cheniere Energy during the third quarter valued at about $25,000. Westside Investment Management Inc. boosted its stake in Cheniere Energy by 473.7% during the second quarter. Westside Investment Management Inc. now owns 109 shares of the energy company’s stock valued at $26,000 after buying an additional 90 shares during the last quarter. Hilltop National Bank purchased a new position in Cheniere Energy during the 2nd quarter valued at approximately $28,000. Richardson Financial Services Inc. purchased a new position in Cheniere Energy during the 2nd quarter valued at approximately $30,000. Finally, Pin Oak Investment Advisors Inc. bought a new stake in Cheniere Energy in the 2nd quarter worth approximately $34,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Price Performance

LNG stock opened at $210.79 on Wednesday. The stock has a market cap of $45.37 billion, a PE ratio of 11.74, a P/E/G ratio of 6.49 and a beta of 0.27. Cheniere Energy, Inc. has a 12 month low of $186.20 and a 12 month high of $246.42. The company has a 50-day moving average price of $199.51 and a 200 day moving average price of $217.61. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 6th will be given a $0.555 dividend. This represents a $2.22 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend is Friday, February 6th. Cheniere Energy’s dividend payout ratio is 12.37%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Barclays lowered their target price on Cheniere Energy from $262.00 to $259.00 and set an “overweight” rating for the company in a research report on Thursday, January 15th. The Goldman Sachs Group reiterated a “buy” rating and set a $275.00 price objective on shares of Cheniere Energy in a research report on Monday, November 3rd. BMO Capital Markets reissued an “outperform” rating and issued a $254.00 price objective on shares of Cheniere Energy in a research note on Wednesday, December 17th. Zacks Research cut shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Finally, Weiss Ratings downgraded shares of Cheniere Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 20th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $264.24.

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.