Capital Management Associates NY Decreases Stock Holdings in Cheniere Energy, Inc. $LNG

Capital Management Associates NY lowered its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 46.2% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 3,500 shares of the energy company’s stock after selling 3,000 shares during the period. Cheniere Energy makes up approximately 1.6% of Capital Management Associates NY’s holdings, making the stock its 29th biggest position. Capital Management Associates NY’s holdings in Cheniere Energy were worth $993,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Brighton Jones LLC bought a new stake in shares of Cheniere Energy in the fourth quarter worth approximately $335,000. Bank of Nova Scotia lifted its position in Cheniere Energy by 13.3% during the second quarter. Bank of Nova Scotia now owns 8,825 shares of the energy company’s stock valued at $2,149,000 after purchasing an additional 1,035 shares during the period. Sei Investments Co. lifted its position in Cheniere Energy by 23.1% during the second quarter. Sei Investments Co. now owns 183,153 shares of the energy company’s stock valued at $44,600,000 after purchasing an additional 34,422 shares during the period. Treasurer of the State of North Carolina boosted its holdings in Cheniere Energy by 0.8% in the second quarter. Treasurer of the State of North Carolina now owns 103,040 shares of the energy company’s stock worth $25,092,000 after purchasing an additional 805 shares during the last quarter. Finally, Ieq Capital LLC boosted its holdings in Cheniere Energy by 87.0% in the second quarter. Ieq Capital LLC now owns 36,502 shares of the energy company’s stock worth $8,889,000 after purchasing an additional 16,977 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on LNG shares. JPMorgan Chase & Co. boosted their target price on shares of Cheniere Energy from $325.00 to $327.00 and gave the company an “overweight” rating in a research note on Wednesday, June 3rd. BMO Capital Markets raised their price target on Cheniere Energy from $265.00 to $306.00 and gave the stock an “outperform” rating in a research note on Monday, March 23rd. Weiss Ratings lowered Cheniere Energy from a “buy (b)” rating to a “hold (c)” rating in a report on Monday, May 11th. Jefferies Financial Group lifted their price objective on Cheniere Energy from $275.00 to $330.00 and gave the stock a “buy” rating in a report on Tuesday, April 7th. Finally, Bank of America upped their price objective on Cheniere Energy from $296.00 to $322.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Two 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $297.71.

Cheniere Energy Stock Up 1.8%

NYSE LNG opened at $263.22 on Tuesday. The stock’s 50-day moving average price is $241.41 and its 200-day moving average price is $237.88. 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, Inc. has a 52 week low of $186.20 and a 52 week high of $300.89. The company has a market capitalization of $55.16 billion, a P/E ratio of 43.29 and a beta of -0.01.

Cheniere Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Monday, May 11th were given a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Monday, May 11th. Cheniere Energy’s dividend payout ratio is presently 36.51%.

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.