Cheniere Energy, Inc. $LNG Shares Sold by CHICAGO TRUST Co NA

CHICAGO TRUST Co NA cut its position in Cheniere Energy, Inc. (NYSE:LNG) by 70.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,209 shares of the energy company’s stock after selling 2,853 shares during the period. CHICAGO TRUST Co NA’s holdings in Cheniere Energy were worth $343,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of LNG. Strive Financial Group LLC purchased a new position in Cheniere Energy in the fourth quarter valued at $25,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Cheniere Energy during the 4th quarter worth about $26,000. Financial Life Planners purchased a new stake in Cheniere Energy during the 1st quarter worth about $26,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Cheniere Energy during the 3rd quarter worth about $27,000. Finally, Accordant Advisory Group Inc acquired a new position in shares of Cheniere Energy during the 4th quarter worth about $29,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Stock Up 0.8%

Cheniere Energy stock opened at $245.93 on Friday. The company has a market capitalization of $51.53 billion, a P/E ratio of 40.45 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. Cheniere Energy, Inc. has a fifty-two week low of $186.20 and a fifty-two week high of $300.89. The stock has a 50-day simple moving average of $242.48 and a 200-day simple moving average of $234.62.

Cheniere Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Monday, May 11th were paid a $0.555 dividend. The ex-dividend date was Monday, May 11th. This represents a $2.22 dividend on an annualized basis and a yield of 0.9%. Cheniere Energy’s payout ratio is currently 36.51%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on LNG. Wells Fargo & Company cut their target price on Cheniere Energy from $280.00 to $271.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. UBS Group set a $290.00 price target on Cheniere Energy in a report on Wednesday, May 13th. BMO Capital Markets increased their price target on shares of Cheniere Energy from $265.00 to $306.00 and gave the company an “outperform” rating in a research note on Monday, March 23rd. Sanford C. Bernstein assumed coverage on shares of Cheniere Energy in a report on Tuesday, June 16th. They set a “market perform” rating and a $283.00 price objective on the stock. Finally, Weiss Ratings downgraded shares of Cheniere Energy from a “buy (b)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $297.71.

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.