Cheniere Energy, Inc. $LNG Shares Purchased by M&G PLC

M&G PLC boosted its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 49.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 556,285 shares of the energy company’s stock after purchasing an additional 184,520 shares during the period. M&G PLC owned about 0.26% of Cheniere Energy worth $130,727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC purchased a new position in shares of Cheniere Energy during the 3rd quarter valued at about $25,000. Westside Investment Management Inc. grew its holdings in Cheniere Energy by 473.7% during the second quarter. Westside Investment Management Inc. now owns 109 shares of the energy company’s stock worth $26,000 after acquiring an additional 90 shares during the period. Hazlett Burt & Watson Inc. raised its position in Cheniere Energy by 250.0% during the third quarter. Hazlett Burt & Watson Inc. now owns 140 shares of the energy company’s stock valued at $32,000 after acquiring an additional 100 shares in the last quarter. Pin Oak Investment Advisors Inc. acquired a new position in Cheniere Energy in the second quarter valued at approximately $34,000. Finally, Armstrong Advisory Group Inc. boosted its position in Cheniere Energy by 47.6% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 155 shares of the energy company’s stock worth $36,000 after purchasing an additional 50 shares in the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Stock Performance

NYSE LNG opened at $220.19 on Monday. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.94 and a quick ratio of 0.81. The stock’s 50 day simple moving average is $200.82 and its 200-day simple moving average is $216.96. The company has a market cap of $47.39 billion, a PE ratio of 12.27 and a beta of 0.27. Cheniere Energy, Inc. has a 1-year low of $186.20 and a 1-year high of $246.42.

Cheniere Energy Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on LNG shares. Raymond James Financial reaffirmed a “strong-buy” rating and set a $278.00 target price (up from $275.00) on shares of Cheniere Energy in a report on Friday, October 24th. Wells Fargo & Company decreased their price objective on shares of Cheniere Energy from $284.00 to $280.00 and set an “overweight” rating for the company in a research report on Monday, January 12th. Zacks Research lowered Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. BMO Capital Markets reissued an “outperform” rating and issued a $254.00 price objective on shares of Cheniere Energy in a report on Wednesday, December 17th. Finally, Bank of America reduced their target price on Cheniere Energy from $274.00 to $271.00 and set a “buy” rating for the company in a research note on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $264.24.

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.