Cheniere Energy, Inc. $LNG Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 50.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 27,271 shares of the energy company’s stock after buying an additional 9,122 shares during the quarter. Pacer Advisors Inc.’s holdings in Cheniere Energy were worth $7,738,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Strive Financial Group LLC purchased a new stake in Cheniere Energy in the fourth quarter valued at $25,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Cheniere Energy in the 4th quarter worth approximately $26,000. Financial Life Planners acquired a new stake in shares of Cheniere Energy during the 1st quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Cheniere Energy during the 3rd quarter worth approximately $27,000. Finally, Accordant Advisory Group Inc purchased a new position in shares of Cheniere Energy during the 4th quarter valued at approximately $29,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Stock Down 0.9%

Cheniere Energy stock opened at $254.91 on Thursday. The stock has a market capitalization of $53.42 billion, a PE ratio of 41.93 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. The business has a 50 day simple moving average of $247.19 and a 200-day simple moving average of $245.82. 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 Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on LNG shares. JPMorgan Chase & Co. boosted their target price on shares of Cheniere Energy from $327.00 to $334.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. Weiss Ratings lowered shares of Cheniere Energy from a “buy (b)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Wolfe Research reaffirmed an “outperform” rating and issued a $300.00 price objective on shares of Cheniere Energy in a report on Tuesday, June 2nd. Benchmark reiterated an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, May 26th. Finally, TD Cowen increased 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. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $298.88.

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.