BI Asset Management Fondsmaeglerselskab A S Has $7.40 Million Stake in Cheniere Energy, Inc. $LNG

BI Asset Management Fondsmaeglerselskab A S cut its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 27.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 31,507 shares of the energy company’s stock after selling 11,767 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Cheniere Energy were worth $7,404,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of LNG. Optimize Financial Inc bought a new position in shares of Cheniere Energy in the 3rd quarter worth about $252,000. Machina Capital S.A.S. bought a new stake in Cheniere Energy in the third quarter worth approximately $4,416,000. J.W. Cole Advisors Inc. lifted its stake in Cheniere Energy by 23.8% in the third quarter. J.W. Cole Advisors Inc. now owns 21,755 shares of the energy company’s stock valued at $5,112,000 after buying an additional 4,186 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Cheniere Energy by 2.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 360,504 shares of the energy company’s stock worth $84,711,000 after buying an additional 9,085 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC grew its position in shares of Cheniere Energy by 20.4% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 4,234 shares of the energy company’s stock worth $995,000 after buying an additional 716 shares during the period. Institutional investors own 87.26% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on LNG. Scotiabank reiterated an “outperform” rating and set a $266.00 target price on shares of Cheniere Energy in a research report on Friday, January 16th. Weiss Ratings lowered shares of Cheniere Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 20th. Wells Fargo & Company cut their price objective on shares of Cheniere Energy from $284.00 to $280.00 and set an “overweight” rating on the stock in a research report on Monday, January 12th. Royal Bank Of Canada decreased their target price on Cheniere Energy from $282.00 to $271.00 and set an “outperform” rating for the company in a research report on Wednesday, January 28th. Finally, Citigroup dropped their price target on Cheniere Energy from $283.00 to $280.00 and set a “buy” rating on the stock in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Cheniere Energy currently has a consensus rating of “Moderate Buy” and an average target price of $264.24.

Cheniere Energy Trading Down 1.7%

NYSE:LNG opened at $210.26 on Friday. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.94 and a quick ratio of 0.81. Cheniere Energy, Inc. has a one year low of $186.20 and a one year high of $246.42. The company has a market cap of $45.26 billion, a PE ratio of 11.71, a PEG ratio of 6.76 and a beta of 0.27. The firm has a 50-day moving average of $199.75 and a 200-day moving average of $217.53.

Cheniere Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 6th will be issued a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, February 6th. Cheniere Energy’s dividend payout ratio (DPR) is currently 12.37%.

About Cheniere Energy

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.