2,961 Shares in Cheniere Energy, Inc. $LNG Purchased by Amova Asset Management Americas Inc.

Amova Asset Management Americas Inc. bought a new stake in Cheniere Energy, Inc. (NYSE:LNG) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,961 shares of the energy company’s stock, valued at approximately $840,000.

Several other institutional investors and hedge funds have also modified their holdings of LNG. Norges Bank bought a new stake in shares of Cheniere Energy during the fourth quarter worth $731,774,000. Bank of New York Mellon Corp increased its stake in shares of Cheniere Energy by 174.3% in the first quarter. Bank of New York Mellon Corp now owns 2,244,268 shares of the energy company’s stock valued at $636,834,000 after buying an additional 1,426,058 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of Cheniere Energy by 555.0% in the fourth quarter. Marshall Wace LLP now owns 810,138 shares of the energy company’s stock valued at $157,483,000 after buying an additional 686,459 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Cheniere Energy by 518.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 577,533 shares of the energy company’s stock valued at $112,267,000 after buying an additional 484,198 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Cheniere Energy by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 21,219,557 shares of the energy company’s stock worth $4,124,870,000 after buying an additional 414,022 shares in the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on LNG shares. Weiss Ratings downgraded shares of Cheniere Energy from a “buy (b)” rating to a “hold (c)” rating in a research note on Monday, May 11th. JPMorgan Chase & Co. increased their price target on shares of Cheniere Energy from $325.00 to $327.00 and gave the company an “overweight” rating in a research note on Wednesday, June 3rd. Barclays raised 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, July 15th. Sanford C. Bernstein began coverage on shares of Cheniere Energy in a research report on Tuesday, June 16th. They issued a “market perform” rating and a $283.00 price objective for the company. Finally, Zacks Research raised Cheniere Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, July 13th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $298.47.

Cheniere Energy Price Performance

LNG opened at $263.18 on Wednesday. The company has a fifty day moving average price of $242.78 and a two-hundred day moving average price of $240.84. 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 52 week low of $186.20 and a 52 week high of $300.89. The firm has a market capitalization of $55.15 billion, a PE ratio of 43.29 and a beta of -0.01.

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Monday, May 11th were given a $0.555 dividend. This represents a $2.22 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, May 11th. Cheniere Energy’s dividend payout ratio (DPR) is currently 36.51%.

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.