Jones Financial Companies Lllp Boosts Stock Position in Cheniere Energy, Inc. $LNG

Jones Financial Companies Lllp raised its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 50.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,219 shares of the energy company’s stock after purchasing an additional 4,775 shares during the period. Jones Financial Companies Lllp’s holdings in Cheniere Energy were worth $3,390,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in LNG. Norges Bank bought a new stake in shares of Cheniere Energy in the 2nd quarter worth about $957,425,000. Mitsubishi UFJ Trust & Banking Corp increased its holdings in Cheniere Energy by 704.3% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 952,092 shares of the energy company’s stock valued at $231,853,000 after buying an additional 833,723 shares during the last quarter. AustralianSuper Pty Ltd acquired a new stake in Cheniere Energy during the third quarter valued at approximately $142,688,000. Holocene Advisors LP bought a new position in Cheniere Energy during the 2nd quarter worth approximately $107,319,000. Finally, American Century Companies Inc. lifted its holdings in 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 and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Price Performance

Shares of NYSE:LNG opened at $213.42 on Friday. The firm’s 50 day moving average is $199.83 and its two-hundred day moving average is $217.40. The firm has a market capitalization of $45.94 billion, a P/E ratio of 11.89, a PEG ratio of 6.74 and a beta of 0.27. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 1.94. Cheniere Energy, Inc. has a 52 week low of $186.20 and a 52 week high of $246.42.

Cheniere Energy Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Friday, February 6th. This represents a $2.22 annualized dividend and a dividend yield of 1.0%. Cheniere Energy’s dividend payout ratio is 12.37%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LNG. Barclays dropped their price target on Cheniere Energy from $262.00 to $259.00 and set an “overweight” rating on the stock in a research report on Thursday, January 15th. Erste Group Bank downgraded shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. Wells Fargo & Company decreased their price target on shares of Cheniere Energy from $284.00 to $280.00 and set an “overweight” rating for the company in a report on Monday, January 12th. Raymond James Financial reiterated a “strong-buy” rating and set a $278.00 price objective (up previously from $275.00) on shares of Cheniere Energy in a research note on Friday, October 24th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $275.00 target price on shares of Cheniere Energy in a report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $264.24.

Cheniere Energy 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.