CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Has $79.40 Million Holdings in Cheniere Energy, Inc. $LNG

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT lessened its position in Cheniere Energy, Inc. (NYSE:LNG) by 13.9% during the 1st quarter, HoldingsChannel.com reports. The fund owned 279,800 shares of the energy company’s stock after selling 45,000 shares during the period. Cheniere Energy accounts for about 3.9% of CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s investment portfolio, making the stock its 11th largest holding. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s holdings in Cheniere Energy were worth $79,396,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Financial Life Planners acquired a new position in shares of Cheniere Energy during the 1st quarter worth about $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in Cheniere Energy in the 3rd quarter valued at approximately $27,000. Strive Financial Group LLC bought a new position in Cheniere Energy in the 4th quarter worth approximately $25,000. Kohmann Bosshard Financial Services LLC bought a new position in Cheniere Energy in the 4th quarter worth approximately $26,000. Finally, Accordant Advisory Group Inc bought a new position in Cheniere Energy in the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Price Performance

Shares of NYSE:LNG opened at $245.93 on Monday. Cheniere Energy, Inc. has a 1-year low of $186.20 and a 1-year high of $300.89. The firm has a market capitalization of $51.53 billion, a PE ratio of 40.45 and a beta of -0.01. The business’s 50 day moving average is $242.25 and its 200-day moving average is $235.02. 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 announced 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 dividend on an annualized basis and a yield of 0.9%. Cheniere Energy’s payout ratio is presently 36.51%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Scotiabank reissued an “outperform” rating on shares of Cheniere Energy in a research report on Wednesday, May 13th. BMO Capital Markets boosted their target price on shares of Cheniere Energy from $265.00 to $306.00 and gave the stock an “outperform” rating in a research report on Monday, March 23rd. Bank of America upped their target price on shares of Cheniere Energy from $296.00 to $322.00 and gave the company a “buy” rating in a research note on Friday, March 20th. UBS Group set a $290.00 price target on shares of Cheniere Energy in a report on Wednesday, May 13th. Finally, Citigroup increased their price target on shares of Cheniere Energy from $280.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Cheniere Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $297.71.

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.