Healthcare of Ontario Pension Plan Trust Fund Takes Position in Cheniere Energy, Inc. $LNG

Healthcare of Ontario Pension Plan Trust Fund bought a new stake in Cheniere Energy, Inc. (NYSE:LNG) in the 1st quarter, HoldingsChannel.com reports. The firm bought 20,215 shares of the energy company’s stock, valued at approximately $5,736,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Financial Life Planners purchased a new position in Cheniere Energy in the first quarter valued at $26,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Cheniere Energy in the third quarter worth about $27,000. Strive Financial Group LLC purchased a new stake in shares of Cheniere Energy during the 4th quarter worth about $25,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Cheniere Energy during the 4th quarter worth about $26,000. Finally, Valued Wealth Advisors LLC grew its position in shares of Cheniere Energy by 100.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 140 shares of the energy company’s stock valued at $40,000 after acquiring an additional 70 shares during the period. 87.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on LNG. Wall Street Zen upgraded Cheniere Energy from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Sanford C. Bernstein started coverage on Cheniere Energy in a report on Tuesday, June 16th. They issued a “market perform” rating and a $283.00 price objective on the stock. Zacks Research upgraded Cheniere Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 13th. Benchmark restated an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, May 26th. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $300.00 target price on shares of Cheniere Energy in a research note on Tuesday, June 2nd. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $298.88.

Cheniere Energy Trading Up 2.7%

Shares of LNG stock opened at $258.99 on Thursday. Cheniere Energy, Inc. has a fifty-two week low of $186.20 and a fifty-two week high of $300.89. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.48 and a current ratio of 0.57. The stock’s fifty day moving average is $245.08 and its two-hundred day moving average is $243.64. The firm has a market capitalization of $54.27 billion, a P/E ratio of 42.60 and a beta of -0.01.

Cheniere Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 18th. Stockholders of record on Monday, August 10th will be paid a $0.555 dividend. This represents a $2.22 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, August 10th. Cheniere Energy’s dividend payout ratio (DPR) is currently 36.51%.

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.