Redwood Investment Management LLC Has $1 Million Stock Holdings in Cheniere Energy, Inc. $LNG

Redwood Investment Management LLC trimmed its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 37.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,535 shares of the energy company’s stock after selling 2,156 shares during the quarter. Redwood Investment Management LLC’s holdings in Cheniere Energy were worth $1,003,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in LNG. Financial Life Planners acquired a new stake in Cheniere Energy during the 1st quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Cheniere Energy in the 3rd quarter valued at $27,000. Strive Financial Group LLC bought a new stake in Cheniere Energy in the fourth quarter valued at $25,000. Kohmann Bosshard Financial Services LLC bought a new stake in Cheniere Energy in the 4th quarter valued at about $26,000. Finally, Optiver Holding B.V. raised its stake in Cheniere Energy by 54.5% during the 1st quarter. Optiver Holding B.V. now owns 136 shares of the energy company’s stock worth $39,000 after buying an additional 48 shares during the period. 87.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LNG has been the subject of a number of research reports. Scotiabank reissued an “outperform” rating on shares of Cheniere Energy in a research note on Wednesday, May 13th. JPMorgan Chase & Co. lifted their price target on shares of Cheniere Energy from $327.00 to $334.00 and gave the company an “overweight” rating in a research report on Friday, July 24th. Wall Street Zen upgraded shares of Cheniere Energy from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Morgan Stanley lowered their price objective on shares of Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating on the stock in a report on Tuesday, April 21st. Finally, TD Cowen lifted their price objective on shares of Cheniere Energy from $270.00 to $280.00 and gave the company a “buy” rating in a report on Thursday, July 16th. Three equities research 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 company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $298.88.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $258.18 on Tuesday. The firm has a market cap of $54.10 billion, a price-to-earnings ratio of 42.46 and a beta of -0.01. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.48 and a current ratio of 0.57. Cheniere Energy, Inc. has a 52 week low of $186.20 and a 52 week high of $300.89. The firm’s 50-day simple moving average is $246.24 and its two-hundred day simple moving average is $245.04.

Cheniere Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 18th. Investors of record on Monday, August 10th will be paid a $0.555 dividend. The ex-dividend date is Monday, August 10th. This represents a $2.22 annualized dividend and a yield of 0.9%. 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.