Capula Management Ltd Lowers Stake in Cheniere Energy, Inc. $LNG

Capula Management Ltd cut its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 94.2% during the first quarter, HoldingsChannel reports. The firm owned 1,879 shares of the energy company’s stock after selling 30,261 shares during the period. Capula Management Ltd’s holdings in Cheniere Energy were worth $533,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in LNG. Vanguard Group Inc. raised its stake in Cheniere Energy by 2.0% during 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 last quarter. State Street Corp grew its stake in shares of Cheniere Energy by 2.8% in the 4th quarter. State Street Corp now owns 6,174,695 shares of the energy company’s stock valued at $1,200,299,000 after purchasing an additional 167,622 shares during the last quarter. Norges Bank purchased a new position in shares of Cheniere Energy in the 4th quarter valued at approximately $731,774,000. Victory Capital Management Inc. increased its holdings in shares of Cheniere Energy by 12.5% in the fourth quarter. Victory Capital Management Inc. now owns 2,279,078 shares of the energy company’s stock valued at $443,031,000 after purchasing an additional 253,469 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Cheniere Energy by 6.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,263,826 shares of the energy company’s stock valued at $440,047,000 after purchasing an additional 134,695 shares during the period. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Price Performance

Shares of NYSE:LNG opened at $271.95 on Friday. The business’s 50 day simple moving average is $243.97 and its 200-day simple moving average is $241.88. The firm has a market capitalization of $56.99 billion, a price-to-earnings ratio of 44.73 and a beta of -0.01. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.57 and a quick ratio of 0.48. Cheniere Energy, Inc. has a 12 month low of $186.20 and a 12 month high of $300.89.

Cheniere Energy Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.22 annualized dividend and a yield of 0.8%. Cheniere Energy’s payout ratio is currently 36.51%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on LNG shares. Royal Bank Of Canada increased their price target on Cheniere Energy from $286.00 to $300.00 and gave the stock an “outperform” rating in a report on Tuesday, April 14th. Jefferies Financial Group boosted their price objective on shares of Cheniere Energy from $275.00 to $330.00 and gave the company a “buy” rating in a research note on Tuesday, April 7th. Citigroup upped their price objective on shares of Cheniere Energy from $280.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. TD Cowen raised their target price on shares of Cheniere Energy from $270.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of Cheniere Energy in a report on Wednesday, May 13th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $298.47.

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.