Fjarde AP Fonden Fourth Swedish National Pension Fund Increases Stock Position in Cheniere Energy, Inc. $LNG

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its stake in Cheniere Energy, Inc. (NYSE:LNG) by 16.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 148,200 shares of the energy company’s stock after acquiring an additional 20,400 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund owned 0.07% of Cheniere Energy worth $42,053,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Elevation Point Wealth Partners LLC acquired a new stake in shares of Cheniere Energy during the first quarter worth about $465,000. Platform Technology Partners purchased a new stake in shares of Cheniere Energy in the 1st quarter valued at about $290,000. Harrison Street Private Wealth LLC acquired a new stake in shares of Cheniere Energy in the 1st quarter valued at about $3,360,000. Keybank National Association OH boosted its position in shares of Cheniere Energy by 5.8% in the 1st quarter. Keybank National Association OH now owns 5,912 shares of the energy company’s stock valued at $1,678,000 after purchasing an additional 324 shares during the period. Finally, Root Financial Partners LLC grew its stake in Cheniere Energy by 123.3% during the 1st quarter. Root Financial Partners LLC now owns 576 shares of the energy company’s stock worth $164,000 after buying an additional 318 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Up 0.8%

NYSE LNG opened at $245.93 on Friday. The stock has a market capitalization of $51.53 billion, a P/E ratio of 40.45 and a beta of -0.01. Cheniere Energy, Inc. has a 52-week low of $186.20 and a 52-week high of $300.89. The firm has a 50-day moving average price of $242.48 and a 200 day moving average price of $234.62. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 2.55.

Cheniere Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Monday, May 11th were paid a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, May 11th. Cheniere Energy’s dividend payout ratio is 36.51%.

Analyst Ratings Changes

Several research analysts have commented on LNG shares. Benchmark reaffirmed an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, May 26th. Wolfe Research reissued an “outperform” rating and issued a $300.00 price objective on shares of Cheniere Energy in a report on Tuesday, June 2nd. Wall Street Zen lowered shares of Cheniere Energy from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. The Goldman Sachs Group upped their price target on shares of Cheniere Energy from $276.00 to $312.00 and gave the company a “buy” rating in a research report on Tuesday, March 24th. Finally, Citigroup increased their price target on shares of Cheniere Energy from $280.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Cheniere Energy has an average rating of “Moderate Buy” and an average price target of $297.71.

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.