U S Global Investors Inc. Has $1.76 Million Position in Cheniere Energy, Inc. $LNG

U S Global Investors Inc. boosted its stake in shares of Cheniere Energy, Inc. (NYSE:LNGFree Report) by 106.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,200 shares of the energy company’s stock after acquiring an additional 3,200 shares during the period. U S Global Investors Inc.’s holdings in Cheniere Energy were worth $1,759,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Viking Fund Management LLC increased its position in shares of Cheniere Energy by 66.7% in the fourth quarter. Viking Fund Management LLC now owns 45,000 shares of the energy company’s stock worth $8,748,000 after purchasing an additional 18,000 shares during the period. Trivium Point Advisory LLC lifted its position in Cheniere Energy by 38.8% during the fourth quarter. Trivium Point Advisory LLC now owns 56,930 shares of the energy company’s stock worth $11,067,000 after purchasing an additional 15,927 shares during the period. J. Safra Sarasin Holding AG lifted its position in Cheniere Energy by 227.7% during the fourth quarter. J. Safra Sarasin Holding AG now owns 15,505 shares of the energy company’s stock worth $3,014,000 after purchasing an additional 10,774 shares during the period. Generate Investment Management Ltd acquired a new stake in Cheniere Energy during the fourth quarter worth about $10,691,000. Finally, Lewis Asset Management LLC grew its stake in Cheniere Energy by 127.4% during the fourth quarter. Lewis Asset Management LLC now owns 8,751 shares of the energy company’s stock worth $1,701,000 after buying an additional 4,903 shares in the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on LNG. JPMorgan Chase & Co. boosted their target price on shares of Cheniere Energy from $325.00 to $327.00 and gave the company an “overweight” rating in a research report on Wednesday, June 3rd. Wall Street Zen lowered shares of Cheniere Energy from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Benchmark reissued an “outperform” rating on shares of Cheniere Energy in a research note on Tuesday, May 26th. Citigroup boosted their price objective on shares of Cheniere Energy from $280.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, April 2nd. Finally, The Goldman Sachs Group boosted their price objective on shares of Cheniere Energy from $276.00 to $312.00 and gave the company a “buy” rating in a research report on Tuesday, March 24th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $297.71.

Get Our Latest Research Report on Cheniere Energy

Cheniere Energy Price Performance

Cheniere Energy stock traded down $2.72 during midday trading on Friday, reaching $258.57. The company’s stock had a trading volume of 1,469,698 shares, compared to its average volume of 2,215,278. Cheniere Energy, Inc. has a 52 week low of $186.20 and a 52 week high of $300.89. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 2.55. The business has a 50-day moving average price of $241.65 and a 200-day moving average price of $237.03. The stock has a market cap of $54.18 billion, a PE ratio of 42.53 and a beta of -0.01.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Monday, May 11th were paid a $0.555 dividend. 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 dividend payout ratio (DPR) is presently 36.51%.

Key Cheniere Energy News

Here are the key news stories impacting Cheniere Energy this week:

Cheniere Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Cheniere Energy (NYSE:LNG)

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