Diversify Wealth Management LLC Purchases Shares of 3,005 Cheniere Energy, Inc. $LNG

Diversify Wealth Management LLC acquired a new stake in Cheniere Energy, Inc. (NYSE:LNG) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,005 shares of the energy company’s stock, valued at approximately $818,000.

Several other institutional investors have also recently modified their holdings of LNG. Norges Bank acquired a new position in Cheniere Energy in the 4th quarter worth approximately $731,774,000. Marshall Wace LLP boosted its holdings in shares of Cheniere Energy by 555.0% in the 4th quarter. Marshall Wace LLP now owns 810,138 shares of the energy company’s stock valued at $157,483,000 after acquiring an additional 686,459 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Cheniere Energy by 518.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 577,533 shares of the energy company’s stock valued at $112,267,000 after acquiring an additional 484,198 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Cheniere Energy by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 21,219,557 shares of the energy company’s stock worth $4,124,870,000 after acquiring an additional 414,022 shares during the period. Finally, Voloridge Investment Management LLC increased its stake in shares of Cheniere Energy by 3,902.4% in the fourth quarter. Voloridge Investment Management LLC now owns 389,676 shares of the energy company’s stock worth $75,749,000 after acquiring an additional 379,940 shares during the period. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LNG has been the subject of several recent research reports. The Goldman Sachs Group raised their target price on shares of Cheniere Energy from $276.00 to $312.00 and gave the stock a “buy” rating in a report on Tuesday, March 24th. Barclays upped their price target on shares of Cheniere Energy from $271.00 to $274.00 and gave the company an “overweight” rating in a report on Wednesday. Sanford C. Bernstein initiated coverage on Cheniere Energy in a research note on Tuesday, June 16th. They set a “market perform” rating and a $283.00 price objective for the company. UBS Group set a $290.00 price objective on Cheniere Energy in a report on Wednesday, May 13th. Finally, Scotiabank reissued an “outperform” rating on shares of Cheniere Energy in a report on Wednesday, May 13th. Three equities research 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $298.47.

Cheniere Energy Stock Up 1.2%

LNG opened at $258.87 on Friday. Cheniere Energy, Inc. has a fifty-two week low of $186.20 and a fifty-two week high of $300.89. 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 company has a fifty day moving average of $241.45 and a two-hundred day moving average of $239.35. The stock has a market capitalization of $54.25 billion, a price-to-earnings ratio of 42.58 and a beta of -0.01.

Cheniere Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Monday, May 11th were given a dividend of $0.555 per share. 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 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.