Lansforsakringar Fondforvaltning AB publ Raises Position in Cheniere Energy, Inc. $LNG

Lansforsakringar Fondforvaltning AB publ boosted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 3.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 68,854 shares of the energy company’s stock after purchasing an additional 2,398 shares during the quarter. Lansforsakringar Fondforvaltning AB publ’s holdings in Cheniere Energy were worth $16,179,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Salomon & Ludwin LLC acquired a new stake in Cheniere Energy in the third quarter valued at approximately $25,000. Westside Investment Management Inc. increased its position in shares of Cheniere Energy by 473.7% in the 2nd quarter. Westside Investment Management Inc. now owns 109 shares of the energy company’s stock valued at $26,000 after purchasing an additional 90 shares during the last quarter. Hazlett Burt & Watson Inc. raised its holdings in shares of Cheniere Energy by 250.0% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 140 shares of the energy company’s stock valued at $32,000 after purchasing an additional 100 shares in the last quarter. Pin Oak Investment Advisors Inc. purchased a new stake in shares of Cheniere Energy during the 2nd quarter worth $34,000. Finally, Armstrong Advisory Group Inc. grew its stake in shares of Cheniere Energy by 47.6% during the third quarter. Armstrong Advisory Group Inc. now owns 155 shares of the energy company’s stock worth $36,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LNG. The Goldman Sachs Group restated a “buy” rating and set a $275.00 target price on shares of Cheniere Energy in a research note on Monday, November 3rd. Royal Bank Of Canada cut their price target on shares of Cheniere Energy from $282.00 to $271.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 28th. Barclays reduced their target price on Cheniere Energy from $262.00 to $259.00 and set an “overweight” rating for the company in a report on Thursday, January 15th. Weiss Ratings cut Cheniere Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 20th. Finally, Scotiabank reiterated an “outperform” rating and issued a $266.00 price objective on shares of Cheniere Energy in a research note on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Cheniere Energy presently has a consensus rating of “Moderate Buy” and a consensus target price of $264.24.

Cheniere Energy Stock Up 0.1%

Cheniere Energy stock opened at $226.40 on Monday. The stock has a 50 day moving average of $203.66 and a two-hundred day moving average of $216.42. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $246.42. The stock has a market capitalization of $48.73 billion, a price-to-earnings ratio of 12.61 and a beta of 0.27. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 1.94.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 6th will be given a $0.555 dividend. The ex-dividend date is Friday, February 6th. This represents a $2.22 dividend on an annualized basis and a yield of 1.0%. Cheniere Energy’s dividend payout ratio (DPR) is presently 12.37%.

Cheniere Energy 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.