Copeland Capital Management LLC Cuts Stock Position in Cheniere Energy, Inc. $LNG

Copeland Capital Management LLC decreased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 7.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,606 shares of the energy company’s stock after selling 2,617 shares during the quarter. Copeland Capital Management LLC’s holdings in Cheniere Energy were worth $9,820,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in LNG. Brighton Jones LLC purchased a new stake in shares of Cheniere Energy during the fourth quarter valued at approximately $335,000. Bank of Nova Scotia grew its holdings in Cheniere Energy by 13.3% during the 2nd 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 in the last quarter. Sei Investments Co. grew its holdings in Cheniere Energy by 23.1% during the 2nd 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 in the last quarter. Treasurer of the State of North Carolina increased its stake in Cheniere Energy by 0.8% during the 2nd quarter. Treasurer of the State of North Carolina now owns 103,040 shares of the energy company’s stock worth $25,092,000 after buying an additional 805 shares during the period. Finally, Ieq Capital LLC lifted its holdings in Cheniere Energy by 87.0% in the 2nd quarter. Ieq Capital LLC now owns 36,502 shares of the energy company’s stock worth $8,889,000 after buying an additional 16,977 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on LNG. Barclays upped their price objective on shares of Cheniere Energy from $271.00 to $274.00 and gave the company an “overweight” rating in a research report on Wednesday. Zacks Research upgraded Cheniere Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. The Goldman Sachs Group increased their price target on Cheniere Energy from $276.00 to $312.00 and gave the company a “buy” rating in a report on Tuesday, March 24th. Benchmark restated an “outperform” rating on shares of Cheniere Energy in a research note on Tuesday, May 26th. Finally, JPMorgan Chase & Co. lifted their price objective on Cheniere Energy from $325.00 to $327.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Cheniere Energy presently has a consensus rating of “Buy” and a consensus price target of $298.47.

Cheniere Energy Stock Performance

Shares of LNG opened at $262.94 on Friday. The business’s fifty day moving average price is $241.91 and its 200 day moving average price is $239.52. Cheniere Energy, Inc. has a 12-month low of $186.20 and a 12-month high of $300.89. The stock has a market capitalization of $55.10 billion, a PE ratio of 43.25 and a beta of -0.01. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.57 and a quick ratio of 0.48.

Cheniere Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders 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 (DPR) 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.