Cheniere Energy (NYSE:LNG) Stock Price Down 3.5% – Should You Sell?

Cheniere Energy, Inc. (NYSE:LNG) traded down 3.5% during trading on Monday . The company traded as low as $260.11 and last traded at $260.34. 212,125 shares changed hands during mid-day trading, a decline of 92% from the average session volume of 2,507,294 shares. The stock had previously closed at $269.72.

Trending Headlines about Cheniere Energy

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

• Positive Sentiment: Expansion milestone: Cheniere received approval to introduce natural gas into its final LNG expansion plant. This advances commissioning and supports the company’s longer-term growth in LNG production and exports. Cheniere gets approval to introduce natural gas into final LNG expansion plant
• Positive Sentiment: Dividend maintained: Cheniere declared a quarterly dividend of $0.555 per share, or approximately $2.22 annualized, payable August 18 to shareholders of record August 10. The roughly 0.9% yield provides a modest income return and signals continued shareholder distributions. Cheniere Declares Quarterly Dividend
• Neutral Sentiment: Constructive LNG backdrop: Coverage highlights strong global LNG export demand and Cheniere’s positioning to benefit from the broader natural-gas export boom. However, the company remains exposed to commodity prices, project execution and elevated leverage.
• Neutral Sentiment: Several other items focused on EQT, Expand Energy and Chevron rather than Cheniere and are unlikely to have a direct effect on LNG shares. The available news does not identify a specific negative development explaining the session’s weakness.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on LNG shares. Scotiabank restated an “outperform” rating on shares of Cheniere Energy in a research report on Wednesday, May 13th. Royal Bank Of Canada upped their target price on Cheniere Energy from $286.00 to $300.00 and gave the company an “outperform” rating in a report on Tuesday, April 14th. Wall Street Zen raised shares of Cheniere Energy from a “sell” rating to a “hold” rating in a research report on Saturday. JPMorgan Chase & Co. raised their price target on shares of Cheniere Energy from $327.00 to $334.00 and gave the stock an “overweight” rating in a report on Friday, July 24th. Finally, Weiss Ratings downgraded shares of Cheniere Energy from a “buy (b)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Three 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. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $298.88.

Cheniere Energy Trading Down 1.3%

The company has a market cap of $52.90 billion, a price-to-earnings ratio of 41.52 and a beta of -0.01. 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 firm’s 50-day moving average price is $244.78 and its 200 day moving average price is $243.20.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 18th. Shareholders of record on Monday, August 10th will be paid a $0.555 dividend. This represents a $2.22 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, August 10th. Cheniere Energy’s payout ratio is 36.51%.

Hedge Funds Weigh In On Cheniere Energy

Institutional investors and hedge funds have recently made changes to their positions in the stock. First Horizon Corp increased its position in Cheniere Energy by 7.7% in the 1st quarter. First Horizon Corp now owns 517 shares of the energy company’s stock valued at $147,000 after buying an additional 37 shares in the last quarter. Signal Advisors Wealth LLC boosted its holdings in Cheniere Energy by 2.9% in the first quarter. Signal Advisors Wealth LLC now owns 1,497 shares of the energy company’s stock worth $425,000 after acquiring an additional 42 shares in the last quarter. Independence Bank of Kentucky grew its stake in Cheniere Energy by 6.8% in the first quarter. Independence Bank of Kentucky now owns 725 shares of the energy company’s stock valued at $206,000 after acquiring an additional 46 shares during the period. Optiver Holding B.V. raised its position in shares of Cheniere Energy by 54.5% during the first quarter. Optiver Holding B.V. now owns 136 shares of the energy company’s stock worth $39,000 after purchasing an additional 48 shares during the period. Finally, AlTi Global Inc. lifted its holdings in shares of Cheniere Energy by 1.5% in the 1st quarter. AlTi Global Inc. now owns 3,318 shares of the energy company’s stock worth $942,000 after purchasing an additional 50 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

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.