Delta Global Management LP Trims Holdings in Cheniere Energy, Inc. $LNG

Delta Global Management LP lowered its stake in Cheniere Energy, Inc. (NYSE:LNG) by 28.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,487 shares of the energy company’s stock after selling 3,388 shares during the quarter. Delta Global Management LP’s holdings in Cheniere Energy were worth $2,408,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Financial Life Planners bought a new position in shares of Cheniere Energy in the first quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd bought a new stake in Cheniere Energy during the 3rd quarter worth approximately $27,000. Strive Financial Group LLC bought a new stake in Cheniere Energy during the 4th quarter worth approximately $25,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Cheniere Energy in the 4th quarter worth approximately $26,000. Finally, Valued Wealth Advisors LLC lifted its stake in Cheniere Energy by 100.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 140 shares of the energy company’s stock worth $40,000 after purchasing an additional 70 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Down 1.0%

Shares of NYSE LNG opened at $269.27 on Friday. The company has a market cap of $56.43 billion, a price-to-earnings ratio of 44.29 and a beta of -0.01. The firm’s fifty day moving average is $244.52 and its 200 day moving average is $242.07. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 2.55. Cheniere Energy, Inc. has a 52 week low of $186.20 and a 52 week high of $300.89.

Cheniere Energy Announces Dividend

The business also recently declared 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 yield of 0.8%. The ex-dividend date of this dividend was Monday, May 11th. Cheniere Energy’s dividend payout ratio is presently 36.51%.

Analyst Ratings Changes

A number of research analysts have recently commented on LNG shares. Sanford C. Bernstein assumed coverage on shares of Cheniere Energy in a research report on Tuesday, June 16th. They set a “market perform” rating and a $283.00 price target for the company. Wolfe Research reiterated an “outperform” rating and issued a $300.00 price objective on shares of Cheniere Energy in a research report on Tuesday, June 2nd. UBS Group set a $290.00 price objective on Cheniere Energy in a research note on Wednesday, May 13th. TD Cowen boosted their target price on Cheniere Energy from $270.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. Finally, Royal Bank Of Canada upped their target price on Cheniere Energy from $286.00 to $300.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 14th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $298.88.

Cheniere Energy Company 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.