Harrison Street Private Wealth LLC Takes Position in Cheniere Energy, Inc. $LNG

Harrison Street Private Wealth LLC bought a new position in Cheniere Energy, Inc. (NYSE:LNG) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 11,842 shares of the energy company’s stock, valued at approximately $3,360,000. Cheniere Energy comprises 4.4% of Harrison Street Private Wealth LLC’s investment portfolio, making the stock its 14th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Signal Advisors Wealth LLC raised its stake in shares of Cheniere Energy by 2.9% during the first quarter. Signal Advisors Wealth LLC now owns 1,497 shares of the energy company’s stock valued at $425,000 after acquiring an additional 42 shares during the last quarter. Ameriflex Group Inc. grew its stake in shares of Cheniere Energy by 7.3% in the third quarter. Ameriflex Group Inc. now owns 688 shares of the energy company’s stock worth $162,000 after purchasing an additional 47 shares during the last quarter. Quest Investment Management LLC increased its holdings in Cheniere Energy by 6.1% during the 3rd quarter. Quest Investment Management LLC now owns 875 shares of the energy company’s stock valued at $206,000 after purchasing an additional 50 shares during the period. Aviso Wealth Management increased its holdings in Cheniere Energy by 2.1% during the 4th quarter. Aviso Wealth Management now owns 2,489 shares of the energy company’s stock valued at $484,000 after purchasing an additional 50 shares during the period. Finally, Key Financial Inc raised its position in Cheniere Energy by 12.8% during the 1st quarter. Key Financial Inc now owns 468 shares of the energy company’s stock valued at $133,000 after purchasing an additional 53 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on LNG. The Goldman Sachs Group increased their price objective on Cheniere Energy from $276.00 to $312.00 and gave the stock a “buy” rating in a report on Tuesday, March 24th. Scotiabank reaffirmed an “outperform” rating on shares of Cheniere Energy in a research report on Wednesday, May 13th. Zacks Research downgraded Cheniere Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 10th. Jefferies Financial Group increased their target price on Cheniere Energy from $275.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday, April 7th. Finally, BMO Capital Markets lifted their price target on Cheniere Energy from $265.00 to $306.00 and gave the company an “outperform” rating in a research report on Monday, March 23rd. Two research analysts have 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 MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $297.71.

Cheniere Energy Stock Performance

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

Cheniere Energy Announces Dividend

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

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.