Pensioenfonds Rail & OV Makes New Investment in Cheniere Energy, Inc. $LNG

Pensioenfonds Rail & OV bought a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 10,879 shares of the energy company’s stock, valued at approximately $2,927,000.

Other institutional investors also recently made changes to their positions in the company. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in Cheniere Energy in the second quarter valued at about $7,122,000. Saudi Central Bank lifted its position in shares of Cheniere Energy by 80.5% during the 2nd quarter. Saudi Central Bank now owns 14,342 shares of the energy company’s stock valued at $3,428,000 after acquiring an additional 6,397 shares during the period. Anchor Capital Advisors LLC acquired a new stake in shares of Cheniere Energy during the 2nd quarter valued at approximately $32,472,000. Groupe la Francaise purchased a new stake in shares of Cheniere Energy during the 2nd quarter worth approximately $4,500,000. Finally, Nykredit A S purchased a new stake in shares of Cheniere Energy during the 2nd quarter worth approximately $29,941,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Price Performance

LNG traded down $0.81 during midday trading on Friday, reaching $308.67. 1,172,230 shares of the company’s stock were exchanged, compared to its average volume of 2,473,004. 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 stock has a market capitalization of $63.03 billion, a PE ratio of 21.54, a P/E/G ratio of 0.95 and a beta of 0.01. The business’s 50-day moving average price is $284.40 and its 200 day moving average price is $260.36. Cheniere Energy, Inc. has a 1-year low of $186.20 and a 1-year high of $330.73.

Cheniere Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 17th. Stockholders of record on Monday, November 9th will be given a $0.6250 dividend. This is an increase 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 (DPR) is currently 17.45%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on LNG shares. Jefferies Financial Group restated a “buy” rating and issued a $336.00 price target on shares of Cheniere Energy in a report on Saturday, October 10th. Morgan Stanley lifted their price objective on Cheniere Energy from $310.00 to $322.00 and gave the stock an “overweight” rating in a report on Friday, October 30th. Zacks Research raised Cheniere Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 3rd. JPMorgan Chase & Co. boosted their target price on Cheniere Energy from $334.00 to $344.00 and gave the stock an “overweight” rating in a research report on Friday, October 23rd. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $340.00 target price on shares of Cheniere Energy in a report on Monday, October 19th. Two research 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. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $324.41.

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.