Clare Market Investments LLC Buys New Position in Cheniere Energy, Inc. $LNG

Clare Market Investments LLC purchased a new position in Cheniere Energy, Inc. (NYSE:LNG) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,675 shares of the energy company’s stock, valued at approximately $759,000.

Several other hedge funds have also modified their holdings of LNG. Integrated Advisors Network LLC acquired a new stake in Cheniere Energy in the first quarter valued at approximately $214,000. Walser Wealth Management Company A Ltd Liability Co raised its holdings in shares of Cheniere Energy by 14.5% in the 1st quarter. Walser Wealth Management Company A Ltd Liability Co now owns 2,177 shares of the energy company’s stock valued at $618,000 after purchasing an additional 275 shares in the last quarter. Kathmere Capital Management LLC lifted its position in shares of Cheniere Energy by 14.2% during the 1st quarter. Kathmere Capital Management LLC now owns 1,376 shares of the energy company’s stock worth $390,000 after purchasing an additional 171 shares during the last quarter. Marietta Investment Partners LLC purchased a new stake in shares of Cheniere Energy during the 1st quarter worth $284,000. Finally, V Square Quantitative Management LLC grew its stake in shares of Cheniere Energy by 3.7% during the first quarter. V Square Quantitative Management LLC now owns 3,560 shares of the energy company’s stock worth $1,010,000 after purchasing an additional 126 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have issued reports on LNG shares. Benchmark reaffirmed an “outperform” rating on shares of Cheniere Energy in a report on Tuesday, May 26th. UBS Group set a $290.00 price target on shares of Cheniere Energy in a research note on Wednesday, May 13th. Scotiabank restated an “outperform” rating on shares of Cheniere Energy in a research report on Wednesday, May 13th. Wells Fargo & Company dropped their target price on shares of Cheniere Energy from $280.00 to $271.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. Finally, Wall Street Zen lowered shares of Cheniere Energy from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Cheniere Energy has a consensus rating of “Moderate Buy” and an average price target of $297.71.

Cheniere Energy Stock Performance

NYSE LNG opened at $253.47 on Tuesday. The stock has a market capitalization of $53.11 billion, a price-to-earnings ratio of 41.56 and a beta of -0.01. The business’s 50 day moving average is $242.25 and its two-hundred day moving average is $235.02. Cheniere Energy, Inc. has a 12-month low of $186.20 and a 12-month 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Monday, May 11th were given a $0.555 dividend. The ex-dividend date 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%.

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.