Whittier Trust Co. Trims Stock Position in Cheniere Energy, Inc. $LNG

Whittier Trust Co. reduced its stake in Cheniere Energy, Inc. (NYSE:LNG) by 37.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,613 shares of the energy company’s stock after selling 2,748 shares during the quarter. Whittier Trust Co.’s holdings in Cheniere Energy were worth $1,310,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

LNG has been the topic of several analyst reports. BMO Capital Markets lifted their target price on shares of Cheniere Energy from $265.00 to $306.00 and gave the company an “outperform” rating in a report on Monday, March 23rd. The Goldman Sachs Group increased their price target 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. Wall Street Zen downgraded shares of Cheniere Energy from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Morgan Stanley lowered their price objective on Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating on the stock in a report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. boosted their target price on Cheniere Energy from $325.00 to $327.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $297.71.

Cheniere Energy Stock Performance

Shares of LNG opened at $254.90 on Wednesday. The company has a 50-day simple moving average of $241.98 and a 200-day simple moving average of $235.88. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 2.55. The company has a market capitalization of $53.41 billion, a PE ratio of 41.92 and a beta of -0.01. Cheniere Energy, Inc. has a 52-week low of $186.20 and a 52-week high of $300.89.

Cheniere Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Monday, May 11th were issued a $0.555 dividend. The ex-dividend date of this dividend 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 (DPR) is 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.