Cheniere Energy, Inc. $LNG Shares Acquired by QRG Capital Management Inc.

QRG Capital Management Inc. increased its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 205.6% during the 1st quarter, Holdings Channel.com reports. The firm owned 42,677 shares of the energy company’s stock after buying an additional 28,712 shares during the quarter. QRG Capital Management Inc.’s holdings in Cheniere Energy were worth $12,110,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC bought a new position in Cheniere Energy during the fourth quarter valued at about $335,000. Bank of Nova Scotia lifted its holdings in Cheniere Energy by 13.3% in the 2nd quarter. Bank of Nova Scotia now owns 8,825 shares of the energy company’s stock valued at $2,149,000 after acquiring an additional 1,035 shares during the last quarter. Sei Investments Co. lifted its holdings in Cheniere Energy by 23.1% in the 2nd quarter. Sei Investments Co. now owns 183,153 shares of the energy company’s stock valued at $44,600,000 after acquiring an additional 34,422 shares during the last quarter. Treasurer of the State of North Carolina boosted its position in shares of Cheniere Energy by 0.8% during the 2nd quarter. Treasurer of the State of North Carolina now owns 103,040 shares of the energy company’s stock valued at $25,092,000 after purchasing an additional 805 shares in the last quarter. Finally, Ieq Capital LLC grew its stake in shares of Cheniere Energy by 87.0% in the 2nd quarter. Ieq Capital LLC now owns 36,502 shares of the energy company’s stock worth $8,889,000 after purchasing an additional 16,977 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Price Performance

NYSE LNG opened at $245.93 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 2.55. Cheniere Energy, Inc. has a 1 year low of $186.20 and a 1 year high of $300.89. The company has a market cap of $51.53 billion, a PE ratio of 40.45 and a beta of -0.01. The stock’s 50-day moving average price is $242.25 and its two-hundred day moving average price is $234.70.

Cheniere Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Monday, May 11th were issued a dividend of $0.555 per share. The ex-dividend date was Monday, May 11th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.9%. Cheniere Energy’s payout ratio is currently 36.51%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Benchmark reiterated an “outperform” rating on shares of Cheniere Energy in a report on Tuesday, May 26th. TD Cowen raised their target price on shares of Cheniere Energy from $265.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Wall Street Zen lowered shares of Cheniere Energy from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Wells Fargo & Company dropped their price target on Cheniere Energy from $280.00 to $271.00 and set an “overweight” rating on the stock in a report on Friday, March 13th. Finally, BMO Capital Markets increased their price objective on Cheniere Energy from $265.00 to $306.00 and gave the company an “outperform” rating in a research report on Monday, March 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $297.71.

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.