BIP Wealth LLC Sells 2,823 Shares of Cheniere Energy, Inc. $LNG

BIP Wealth LLC trimmed its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 74.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 959 shares of the energy company’s stock after selling 2,823 shares during the quarter. BIP Wealth LLC’s holdings in Cheniere Energy were worth $272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of the stock. Strive Financial Group LLC purchased a new stake in Cheniere Energy during the 4th quarter valued at $25,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Cheniere Energy in the fourth quarter valued at about $26,000. Financial Life Planners purchased a new position in shares of Cheniere Energy in the first quarter valued at about $26,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Cheniere Energy during the third quarter valued at about $27,000. Finally, Accordant Advisory Group Inc bought a new position in shares of Cheniere Energy during the fourth quarter valued at about $29,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Trading Down 0.0%

LNG opened at $245.94 on Tuesday. 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 stock has a market cap of $51.54 billion, a PE ratio of 40.45 and a beta of -0.01. The business has a 50 day moving average of $242.25 and a 200-day moving average of $235.02.

Cheniere Energy Dividend Announcement

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

Analysts Set New Price Targets

LNG has been the topic of several recent analyst reports. UBS Group set a $290.00 target price on Cheniere Energy in a research note on Wednesday, May 13th. Bank of America upped their price target on Cheniere Energy from $296.00 to $322.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Zacks Research lowered Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 10th. 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 research report on Wednesday, June 3rd. Finally, Scotiabank restated an “outperform” rating on shares of Cheniere Energy in a report on Wednesday, May 13th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Cheniere Energy presently has an average rating of “Moderate Buy” and a consensus price target 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.