First Trust Advisors LP Has $63.62 Million Stake in Cheniere Energy, Inc. $LNG

First Trust Advisors LP increased its position in Cheniere Energy, Inc. (NYSE:LNG) by 58.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 224,192 shares of the energy company’s stock after purchasing an additional 82,668 shares during the quarter. First Trust Advisors LP’s holdings in Cheniere Energy were worth $63,617,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of LNG. Brighton Jones LLC acquired a new position in shares of Cheniere Energy in the 4th quarter valued at $335,000. Bank of Nova Scotia boosted its position in shares of 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 acquiring an additional 1,035 shares in the last quarter. Sei Investments Co. boosted its position in shares of 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 acquiring an additional 34,422 shares in the last quarter. Treasurer of the State of North Carolina boosted its position in shares of 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 valued at $25,092,000 after acquiring an additional 805 shares in the last quarter. Finally, Ieq Capital LLC increased its stake in Cheniere Energy by 87.0% in the second quarter. Ieq Capital LLC now owns 36,502 shares of the energy company’s stock valued at $8,889,000 after acquiring an additional 16,977 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on LNG. Wolfe Research reissued an “outperform” rating and issued a $300.00 price target on shares of Cheniere Energy in a research report on Tuesday, June 2nd. Morgan Stanley decreased their price objective on Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating on the stock in a report on Tuesday, April 21st. Citigroup upped their price objective on Cheniere Energy from $280.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. UBS Group set a $290.00 target price on Cheniere Energy in a report on Wednesday, May 13th. Finally, Wall Street Zen upgraded Cheniere Energy from a “sell” rating to a “hold” rating in a research report on Saturday. 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.com, the company has a consensus rating of “Buy” and an average price target of $298.88.

Cheniere Energy Stock Down 1.0%

LNG opened at $269.27 on Friday. The firm has a market cap of $56.43 billion, a price-to-earnings ratio of 44.29 and a beta of -0.01. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.48 and a current ratio of 0.57. The firm’s 50-day simple moving average is $244.52 and its 200-day simple moving average is $242.07. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $300.89.

Cheniere Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders 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 of this dividend was Monday, May 11th. Cheniere Energy’s dividend 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.