Baader Bank Aktiengesellschaft Acquires New Position in Cheniere Energy, Inc. $LNG

Baader Bank Aktiengesellschaft bought a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG) in the first quarter, Holdings Channel reports. The firm bought 2,670 shares of the energy company’s stock, valued at approximately $711,000.

Other institutional investors and hedge funds have also modified their holdings of the company. DJE Kapital AG increased its position in Cheniere Energy by 2,215.5% in the 1st quarter. DJE Kapital AG now owns 67,381 shares of the energy company’s stock worth $19,778,000 after purchasing an additional 64,471 shares during the last quarter. Cassaday & Co Wealth Management LLC acquired a new stake in shares of Cheniere Energy during the 1st quarter valued at about $48,000. Rice Partnership LLC bought a new stake in shares of Cheniere Energy in the 1st quarter valued at approximately $2,209,000. Amova Asset Management Americas Inc. bought a new stake in shares of Cheniere Energy in the 1st quarter valued at approximately $840,000. Finally, Alta Advisers Ltd acquired a new position in Cheniere Energy in the first quarter worth approximately $266,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Trading Down 0.7%

NYSE:LNG opened at $263.18 on Wednesday. The company’s 50 day moving average is $242.78 and its 200-day moving average is $240.84. 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 12 month low of $186.20 and a 12 month high of $300.89. The firm has a market cap of $55.15 billion, a price-to-earnings ratio of 43.29 and a beta of -0.01.

Cheniere Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Monday, May 11th were paid a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, May 11th. Cheniere Energy’s dividend payout ratio is presently 36.51%.

Analyst Ratings Changes

Several equities analysts recently weighed in on LNG shares. Royal Bank Of Canada raised their price objective on shares of Cheniere Energy from $286.00 to $300.00 and gave the company an “outperform” rating in a research report on Tuesday, April 14th. Sanford C. Bernstein began coverage on shares of Cheniere Energy in a report on Tuesday, June 16th. They set a “market perform” rating and a $283.00 price target on the stock. Benchmark reiterated an “outperform” rating on shares of Cheniere Energy in a report on Tuesday, May 26th. The Goldman Sachs Group raised their target price on Cheniere Energy from $276.00 to $312.00 and gave the company a “buy” rating in a report on Tuesday, March 24th. Finally, Weiss Ratings cut Cheniere Energy from a “buy (b)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Cheniere Energy has an average rating of “Buy” and an average price target of $298.47.

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.