Cheniere Energy, Inc. $LNG Position Lessened by Copeland Capital Management LLC

Copeland Capital Management LLC lowered its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 7.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,606 shares of the energy company’s stock after selling 2,617 shares during the quarter. Copeland Capital Management LLC’s holdings in Cheniere Energy were worth $9,820,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in LNG. Norges Bank acquired a new stake in shares of Cheniere Energy in the fourth quarter valued at approximately $731,774,000. Bank of New York Mellon Corp boosted its position in shares of Cheniere Energy by 174.3% during the first quarter. Bank of New York Mellon Corp now owns 2,244,268 shares of the energy company’s stock worth $636,834,000 after buying an additional 1,426,058 shares during the period. Marshall Wace LLP grew its holdings in Cheniere Energy by 555.0% in the 4th quarter. Marshall Wace LLP now owns 810,138 shares of the energy company’s stock worth $157,483,000 after buying an additional 686,459 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Cheniere Energy by 518.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 577,533 shares of the energy company’s stock worth $112,267,000 after buying an additional 484,198 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in Cheniere Energy by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 21,219,557 shares of the energy company’s stock valued at $4,124,870,000 after acquiring an additional 414,022 shares during the period. 87.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on LNG shares. TD Cowen lifted their price objective on shares of Cheniere Energy from $270.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday. Citigroup raised their target price on shares of Cheniere Energy from $280.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. UBS Group set a $290.00 price target on shares of Cheniere Energy in a research report on Wednesday, May 13th. Morgan Stanley decreased their price objective on shares of Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating for the company in a report on Tuesday, April 21st. Finally, JPMorgan Chase & Co. raised their price objective on shares of Cheniere Energy from $325.00 to $327.00 and gave the company an “overweight” rating in a research note on Wednesday, June 3rd. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $298.47.

Cheniere Energy Stock Performance

Cheniere Energy stock opened at $262.94 on Friday. Cheniere Energy, Inc. has a fifty-two week low of $186.20 and a fifty-two week high of $300.89. The firm’s 50 day simple moving average is $241.91 and its 200-day simple moving average is $239.52. 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 company has a market cap of $55.10 billion, a P/E ratio of 43.25 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. Stockholders of record on Monday, May 11th were given a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Monday, May 11th. Cheniere Energy’s dividend payout ratio is 36.51%.

About Cheniere Energy

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.