Metis Global Partners LLC Buys 7,155 Shares of Cheniere Energy, Inc. $LNG

Metis Global Partners LLC lifted its stake in Cheniere Energy, Inc. (NYSE:LNG) by 31.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 29,837 shares of the energy company’s stock after purchasing an additional 7,155 shares during the quarter. Metis Global Partners LLC’s holdings in Cheniere Energy were worth $7,011,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new position in Cheniere Energy during the second quarter valued at $957,425,000. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of Cheniere Energy by 704.3% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 952,092 shares of the energy company’s stock worth $231,853,000 after acquiring an additional 833,723 shares during the last quarter. AustralianSuper Pty Ltd purchased a new position in shares of Cheniere Energy during the 3rd quarter worth about $142,688,000. Holocene Advisors LP bought a new position in Cheniere Energy during the 2nd quarter valued at about $107,319,000. Finally, American Century Companies Inc. grew its holdings in Cheniere Energy by 32.6% during the 2nd quarter. American Century Companies Inc. now owns 1,729,359 shares of the energy company’s stock valued at $421,134,000 after purchasing an additional 425,106 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LNG. BMO Capital Markets reissued an “outperform” rating and issued a $254.00 price objective on shares of Cheniere Energy in a research note on Wednesday, December 17th. Royal Bank Of Canada reduced their price target on Cheniere Energy from $282.00 to $271.00 and set an “outperform” rating on the stock in a report on Wednesday, January 28th. Citigroup dropped their price objective on Cheniere Energy from $283.00 to $280.00 and set a “buy” rating for the company in a report on Monday, January 12th. Erste Group Bank downgraded Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. Finally, Weiss Ratings downgraded Cheniere Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 20th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $264.24.

Cheniere Energy Stock Down 0.7%

Shares of NYSE:LNG opened at $217.79 on Friday. The business’s 50 day moving average is $200.53 and its 200 day moving average is $217.25. The stock has a market cap of $46.88 billion, a P/E ratio of 12.13 and a beta of 0.27. Cheniere Energy, Inc. has a 52-week low of $186.20 and a 52-week high of $246.42. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 1.94.

Cheniere Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 6th will be given a dividend of $0.555 per share. The ex-dividend date of this dividend is Friday, February 6th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.0%. Cheniere Energy’s dividend payout ratio is presently 12.37%.

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.