Capital Management Associates NY Sells 3,000 Shares of Cheniere Energy, Inc. $LNG

Capital Management Associates NY trimmed its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 46.2% during the 1st quarter, Holdings Channel.com reports. The fund owned 3,500 shares of the energy company’s stock after selling 3,000 shares during the period. Cheniere Energy accounts for about 1.6% of Capital Management Associates NY’s portfolio, making the stock its 29th largest position. Capital Management Associates NY’s holdings in Cheniere Energy were worth $993,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. First Horizon Corp raised its stake in Cheniere Energy by 7.7% during the 1st quarter. First Horizon Corp now owns 517 shares of the energy company’s stock valued at $147,000 after purchasing an additional 37 shares during the period. Signal Advisors Wealth LLC lifted its holdings in Cheniere Energy by 2.9% in the 1st quarter. Signal Advisors Wealth LLC now owns 1,497 shares of the energy company’s stock worth $425,000 after purchasing an additional 42 shares in the last quarter. Independence Bank of Kentucky boosted its stake in Cheniere Energy by 6.8% in the 1st quarter. Independence Bank of Kentucky now owns 725 shares of the energy company’s stock worth $206,000 after purchasing an additional 46 shares during the period. Quest Investment Management LLC boosted its stake in Cheniere Energy by 6.1% in the 3rd quarter. Quest Investment Management LLC now owns 875 shares of the energy company’s stock worth $206,000 after purchasing an additional 50 shares during the period. Finally, Aviso Wealth Management grew its holdings in Cheniere Energy by 2.1% during the 4th quarter. Aviso Wealth Management now owns 2,489 shares of the energy company’s stock valued at $484,000 after buying an additional 50 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Up 1.8%

Shares of LNG stock opened at $263.22 on Tuesday. Cheniere Energy, Inc. has a 1 year low of $186.20 and a 1 year high of $300.89. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.57 and a quick ratio of 0.48. The stock’s 50 day simple moving average is $241.41 and its two-hundred day simple moving average is $237.88. The company has a market cap of $55.16 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. Investors of record on Monday, May 11th were issued a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a yield of 0.8%. The ex-dividend date was Monday, May 11th. Cheniere Energy’s dividend payout ratio is presently 36.51%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on LNG shares. Morgan Stanley reduced their price objective on shares of Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 21st. JPMorgan Chase & Co. upped their target price on shares of Cheniere Energy from $325.00 to $327.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 3rd. Bank of America raised their target price on shares of Cheniere Energy from $296.00 to $322.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Benchmark reiterated an “outperform” rating on shares of Cheniere Energy in a report on Tuesday, May 26th. Finally, Royal Bank Of Canada boosted their price target on shares of Cheniere Energy from $286.00 to $300.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 14th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Cheniere Energy presently has an average rating of “Moderate Buy” and a consensus price target of $297.71.

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.