Resona Asset Management Co. Ltd. Has $20.36 Million Holdings in Cheniere Energy, Inc. $LNG

Resona Asset Management Co. Ltd. increased its position in Cheniere Energy, Inc. (NYSE:LNG) by 8.0% during the 1st quarter, HoldingsChannel.com reports. The fund owned 71,413 shares of the energy company’s stock after buying an additional 5,277 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Cheniere Energy were worth $20,362,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of LNG. Cahaba Wealth Management Inc. acquired a new position in Cheniere Energy during the 1st quarter worth $291,000. Greenwood Capital Associates LLC acquired a new stake in shares of Cheniere Energy in the first quarter valued at about $408,000. Quantum Portfolio Management LLC increased its stake in shares of Cheniere Energy by 32.5% in the first quarter. Quantum Portfolio Management LLC now owns 2,292 shares of the energy company’s stock worth $650,000 after purchasing an additional 562 shares during the period. Childress Capital Advisors LLC increased its stake in shares of Cheniere Energy by 1.0% in the first quarter. Childress Capital Advisors LLC now owns 5,388 shares of the energy company’s stock worth $1,529,000 after purchasing an additional 53 shares during the period. Finally, McLaughlin Asset Management Inc. lifted its position in shares of Cheniere Energy by 3.4% during the 1st quarter. McLaughlin Asset Management Inc. now owns 3,347 shares of the energy company’s stock worth $950,000 after purchasing an additional 111 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LNG. Benchmark restated an “outperform” rating on shares of Cheniere Energy in a research note on Tuesday, May 26th. UBS Group set a $290.00 price target on Cheniere Energy in a research report on Wednesday, May 13th. Morgan Stanley cut their price target on Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating for the company in a report on Tuesday, April 21st. TD Cowen increased their price objective on Cheniere Energy from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Finally, Wells Fargo & Company reduced their price objective on Cheniere Energy from $280.00 to $271.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $297.71.

Cheniere Energy Trading Up 0.3%

Cheniere Energy stock opened at $261.70 on Friday. The business has a 50 day moving average price of $241.93 and a two-hundred day moving average price of $236.88. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 2.55. The stock has a market cap of $54.84 billion, a price-to-earnings ratio of 43.04 and a beta of -0.01. Cheniere Energy, Inc. has a 12 month low of $186.20 and a 12 month high of $300.89.

Cheniere Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Monday, May 11th were paid 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 was Monday, May 11th. Cheniere Energy’s dividend payout ratio is presently 36.51%.

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.