4,700 Shares of Cheniere Energy, Inc. $LNG Bought by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC bought a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 4,700 shares of the energy company’s stock, valued at approximately $1,264,000.

Several other hedge funds have also recently added to or reduced their stakes in LNG. Bank of New York Mellon Corp acquired a new stake in Cheniere Energy in the 2nd quarter valued at approximately $502,015,000. Wellington Management Group LLP lifted its holdings in shares of Cheniere Energy by 210.1% during the second quarter. Wellington Management Group LLP now owns 2,444,403 shares of the energy company’s stock worth $584,237,000 after buying an additional 1,656,194 shares during the last quarter. OMERS ADMINISTRATION Corp lifted its holdings in shares of Cheniere Energy by 6,513.7% during the first quarter. OMERS ADMINISTRATION Corp now owns 564,742 shares of the energy company’s stock worth $160,251,000 after buying an additional 556,203 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in shares of Cheniere Energy by 50.2% in the first quarter. Arrowstreet Capital Limited Partnership now owns 867,496 shares of the energy company’s stock valued at $246,161,000 after acquiring an additional 289,963 shares during the period. Finally, Alyeska Investment Group L.P. boosted its position in shares of Cheniere Energy by 61.1% in the second quarter. Alyeska Investment Group L.P. now owns 632,971 shares of the energy company’s stock valued at $151,286,000 after acquiring an additional 239,956 shares during the period. Institutional investors own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LNG. Raymond James Financial restated a “strong-buy” rating and issued a $340.00 price objective on shares of Cheniere Energy in a research note on Monday, October 19th. JPMorgan Chase & Co. boosted their target price on shares of Cheniere Energy from $334.00 to $344.00 and gave the stock an “overweight” rating in a research report on Friday, October 23rd. Wall Street Zen upgraded shares of Cheniere Energy from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Wolfe Research downgraded shares of Cheniere Energy from an “outperform” rating to a “peer perform” rating in a report on Monday, November 2nd. Finally, Barclays raised their price target on shares of Cheniere Energy from $287.00 to $328.00 and gave the stock an “overweight” rating in a research report on Friday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $324.41.

Cheniere Energy Trading Up 1.7%

Shares of Cheniere Energy stock opened at $309.79 on Friday. The firm has a market capitalization of $63.26 billion, a PE ratio of 21.62, a price-to-earnings-growth ratio of 0.93 and a beta of 0.01. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.90 and a quick ratio of 0.76. The company’s fifty day moving average price is $284.04 and its two-hundred day moving average price is $259.84. Cheniere Energy, Inc. has a 52-week low of $186.20 and a 52-week high of $330.73.

Cheniere Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 17th. Stockholders of record on Monday, November 9th will be given a dividend of $0.6250 per share. This is an increase from Cheniere Energy’s previous quarterly dividend of $0.5550. The ex-dividend date is Monday, November 9th. This represents a $2.50 annualized dividend and a dividend yield of 0.8%. Cheniere Energy’s dividend payout ratio (DPR) is presently 17.45%.

Cheniere Energy Company Profile

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.