iA Global Asset Management Inc. Has $388,000 Stock Position in Cheniere Energy, Inc. $LNG

iA Global Asset Management Inc. cut its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 90.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,367 shares of the energy company’s stock after selling 12,310 shares during the quarter. iA Global Asset Management Inc.’s holdings in Cheniere Energy were worth $388,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Cheniere Energy by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 21,219,557 shares of the energy company’s stock valued at $4,124,870,000 after purchasing an additional 414,022 shares during the last quarter. State Street Corp lifted its stake in shares of Cheniere Energy by 2.8% in the 4th quarter. State Street Corp now owns 6,174,695 shares of the energy company’s stock valued at $1,200,299,000 after purchasing an additional 167,622 shares during the period. Norges Bank bought a new position in Cheniere Energy during the fourth quarter worth about $731,774,000. Victory Capital Management Inc. boosted its stake in Cheniere Energy by 12.5% during the 4th quarter. Victory Capital Management Inc. now owns 2,279,078 shares of the energy company’s stock worth $443,031,000 after acquiring an additional 253,469 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Cheniere Energy by 6.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,263,826 shares of the energy company’s stock valued at $440,047,000 after buying an additional 134,695 shares during the period. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Stock Performance

Shares of Cheniere Energy stock opened at $245.93 on Friday. The company has a 50 day moving average of $242.25 and a 200-day moving average of $234.70. The company has a market cap of $51.53 billion, a PE ratio of 40.45 and a beta of -0.01. Cheniere Energy, Inc. has a 1-year low of $186.20 and a 1-year high of $300.89. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 2.55.

Cheniere Energy Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Wall Street Zen lowered Cheniere Energy from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Bank of America upped their target price on Cheniere Energy from $296.00 to $322.00 and gave the stock a “buy” rating in a report on Friday, March 20th. Jefferies Financial Group upped their price target on shares of Cheniere Energy from $275.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday, April 7th. Sanford C. Bernstein assumed coverage on Cheniere Energy in a research note on Tuesday, June 16th. They set a “market perform” rating and a $283.00 target price for the company. Finally, Royal Bank Of Canada upped their price target on shares of Cheniere Energy from $286.00 to $300.00 and gave the company an “outperform” rating in a research note on Tuesday, April 14th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $297.71.

About Cheniere Energy

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.