Alps Advisors Inc. Has $23.59 Million Stock Holdings in Cheniere Energy, Inc. $LNG

Alps Advisors Inc. lifted its position in Cheniere Energy, Inc. (NYSE:LNG) by 3.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 100,373 shares of the energy company’s stock after buying an additional 3,530 shares during the period. Alps Advisors Inc.’s holdings in Cheniere Energy were worth $23,586,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Norges Bank bought a new stake in Cheniere Energy during the 2nd quarter worth approximately $957,425,000. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Cheniere Energy by 704.3% during the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 952,092 shares of the energy company’s stock worth $231,853,000 after purchasing an additional 833,723 shares during the last quarter. AustralianSuper Pty Ltd bought a new stake in Cheniere Energy during the 3rd quarter worth about $142,688,000. Holocene Advisors LP bought a new stake in Cheniere Energy during the 2nd quarter worth about $107,319,000. Finally, American Century Companies Inc. boosted its stake in shares of Cheniere Energy by 32.6% during the 2nd quarter. American Century Companies Inc. now owns 1,729,359 shares of the energy company’s stock worth $421,134,000 after buying an additional 425,106 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

LNG has been the subject of a number of recent analyst reports. Citigroup cut their price target 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. Zacks Research downgraded Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $278.00 target price (up from $275.00) on shares of Cheniere Energy in a report on Friday, October 24th. Bank of America cut their price target on shares of Cheniere Energy from $274.00 to $271.00 and set a “buy” rating for the company in a report on Thursday, December 11th. Finally, Scotiabank restated an “outperform” rating and set a $266.00 price objective on shares of Cheniere Energy in a research report on Friday, January 16th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $264.24.

Cheniere Energy Stock Performance

NYSE LNG opened at $213.42 on Friday. The company has a market capitalization of $45.94 billion, a price-to-earnings ratio of 11.89, a PEG ratio of 6.74 and a beta of 0.27. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 1.94. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $246.42. The stock has a fifty day simple moving average of $199.83 and a 200 day simple moving average of $217.40.

Cheniere Energy Announces Dividend

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