Cheniere Energy, Inc. $LNG Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 1.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 304,262 shares of the energy company’s stock after selling 3,229 shares during the quarter. Rhumbline Advisers owned approximately 0.14% of Cheniere Energy worth $71,495,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Assetmark Inc. raised its stake in shares of Cheniere Energy by 718.1% in the 2nd quarter. Assetmark Inc. now owns 1,669 shares of the energy company’s stock valued at $406,000 after purchasing an additional 1,465 shares in the last quarter. Railway Pension Investments Ltd grew its stake in Cheniere Energy by 62.9% in the third quarter. Railway Pension Investments Ltd now owns 777,200 shares of the energy company’s stock worth $182,626,000 after purchasing an additional 300,100 shares in the last quarter. Allianz Asset Management GmbH increased its holdings in Cheniere Energy by 12.6% in the third quarter. Allianz Asset Management GmbH now owns 1,460,762 shares of the energy company’s stock valued at $343,250,000 after buying an additional 163,861 shares during the last quarter. Nordea Investment Management AB raised its stake in Cheniere Energy by 3.9% during the second quarter. Nordea Investment Management AB now owns 109,285 shares of the energy company’s stock valued at $26,360,000 after buying an additional 4,083 shares in the last quarter. Finally, Baird Financial Group Inc. raised its stake in Cheniere Energy by 9.5% during the second quarter. Baird Financial Group Inc. now owns 97,267 shares of the energy company’s stock valued at $23,686,000 after buying an additional 8,449 shares in the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Stock Performance

Shares of LNG opened at $217.79 on Friday. The firm has a fifty day moving average of $200.53 and a 200-day moving average of $217.25. The company has a market cap of $46.88 billion, a price-to-earnings ratio of 12.13 and a beta of 0.27. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.81 and a current ratio of 0.94. Cheniere Energy, Inc. has a 1 year low of $186.20 and a 1 year high of $246.42.

Cheniere Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 6th will be paid a $0.555 dividend. The ex-dividend date of this dividend is Friday, February 6th. This represents a $2.22 annualized dividend and a dividend yield of 1.0%. Cheniere Energy’s dividend payout ratio is presently 12.37%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on LNG. The Goldman Sachs Group reiterated a “buy” rating and issued a $275.00 price target on shares of Cheniere Energy in a report on Monday, November 3rd. Bank of America lowered their target price on shares of Cheniere Energy from $274.00 to $271.00 and set a “buy” rating for the company in a research note on Thursday, December 11th. Raymond James Financial reissued a “strong-buy” rating and set a $278.00 target price (up from $275.00) on shares of Cheniere Energy in a report on Friday, October 24th. Barclays decreased their price target on shares of Cheniere Energy from $262.00 to $259.00 and set an “overweight” rating for the company in a report on Thursday, January 15th. Finally, Royal Bank Of Canada lowered their price objective on shares of Cheniere Energy from $282.00 to $271.00 and set an “outperform” rating for the company in a research report on Wednesday, January 28th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Cheniere Energy presently has an average rating of “Moderate Buy” and a consensus target price of $264.24.

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.