Cookson Peirce & Co. Inc. Raises Stock Holdings in Cheniere Energy, Inc. $LNG

Cookson Peirce & Co. Inc. boosted its position in Cheniere Energy, Inc. (NYSE:LNG) by 3.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 73,489 shares of the energy company’s stock after purchasing an additional 2,792 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Cheniere Energy were worth $17,268,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Salomon & Ludwin LLC bought a new position in shares of Cheniere Energy in the 3rd quarter worth about $25,000. Westside Investment Management Inc. grew its holdings in Cheniere Energy by 473.7% in the second quarter. Westside Investment Management Inc. now owns 109 shares of the energy company’s stock worth $26,000 after purchasing an additional 90 shares during the period. Hazlett Burt & Watson Inc. increased its stake in shares of Cheniere Energy by 250.0% during the third quarter. Hazlett Burt & Watson Inc. now owns 140 shares of the energy company’s stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. Pin Oak Investment Advisors Inc. purchased a new position in shares of Cheniere Energy during the second quarter valued at approximately $34,000. Finally, Armstrong Advisory Group Inc. lifted its holdings in shares of Cheniere Energy by 47.6% during the third quarter. Armstrong Advisory Group Inc. now owns 155 shares of the energy company’s stock valued at $36,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on LNG. 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. Raymond James Financial reissued a “strong-buy” rating and issued a $278.00 target price (up from $275.00) on shares of Cheniere Energy in a research note on Friday, October 24th. Royal Bank Of Canada lowered their price target 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. Wolfe Research set a $220.00 price target on shares of Cheniere Energy and gave the stock an “outperform” rating in a research note on Wednesday, January 14th. Finally, Citigroup reduced their price objective on shares of Cheniere Energy from $283.00 to $280.00 and set a “buy” rating for the company 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 given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $264.24.

Cheniere Energy Price Performance

Shares of NYSE:LNG opened at $217.79 on Friday. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.81 and a current ratio of 0.94. The firm has a market cap of $46.88 billion, a price-to-earnings ratio of 12.13 and a beta of 0.27. The business has a 50-day simple moving average of $200.53 and a two-hundred day simple moving average of $217.25. Cheniere Energy, Inc. has a fifty-two week low of $186.20 and a fifty-two week high of $246.42.

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 6th will be given a dividend of $0.555 per share. The ex-dividend date is Friday, February 6th. This represents a $2.22 dividend on an annualized basis and a yield of 1.0%. Cheniere Energy’s dividend payout ratio is 12.37%.

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.