CI Investments Inc. Has $215.27 Million Stock Position in Cheniere Energy, Inc. $LNG

CI Investments Inc. lowered its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 0.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 758,640 shares of the energy company’s stock after selling 3,449 shares during the period. Cheniere Energy comprises 1.0% of CI Investments Inc.’s holdings, making the stock its 17th largest holding. CI Investments Inc. owned about 0.36% of Cheniere Energy worth $215,272,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of LNG. Brighton Jones LLC acquired a new stake in Cheniere Energy in the fourth quarter valued at $335,000. Bank of Nova Scotia grew its position in shares of Cheniere Energy by 13.3% in the 2nd quarter. Bank of Nova Scotia now owns 8,825 shares of the energy company’s stock valued at $2,149,000 after buying an additional 1,035 shares during the last quarter. Sei Investments Co. grew its position in shares of Cheniere Energy by 23.1% in the 2nd quarter. Sei Investments Co. now owns 183,153 shares of the energy company’s stock valued at $44,600,000 after buying an additional 34,422 shares during the last quarter. Treasurer of the State of North Carolina increased its stake in shares of Cheniere Energy by 0.8% in the second quarter. Treasurer of the State of North Carolina now owns 103,040 shares of the energy company’s stock valued at $25,092,000 after buying an additional 805 shares during the period. Finally, Ieq Capital LLC increased its stake in shares of Cheniere Energy by 87.0% in the second quarter. Ieq Capital LLC now owns 36,502 shares of the energy company’s stock valued at $8,889,000 after buying an additional 16,977 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analyst Ratings Changes

LNG has been the subject of a number of analyst reports. Morgan Stanley lowered their price objective on Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. Sanford C. Bernstein began coverage on shares of Cheniere Energy in a research report on Tuesday, June 16th. They set a “market perform” rating and a $283.00 target price for the company. Zacks Research raised shares of Cheniere Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 13th. JPMorgan Chase & Co. raised their price target on shares of Cheniere Energy from $325.00 to $327.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Finally, Citigroup boosted their price target on shares of Cheniere Energy from $280.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $298.47.

Cheniere Energy Stock Performance

LNG stock opened at $263.18 on Wednesday. The stock has a 50-day moving average price of $242.78 and a 200-day moving average price of $240.84. Cheniere Energy, Inc. has a 1-year low of $186.20 and a 1-year high of $300.89. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 2.55. The firm has a market cap of $55.15 billion, a PE ratio of 43.29 and a beta of -0.01.

Cheniere Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Monday, May 11th were issued a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Monday, May 11th. Cheniere Energy’s dividend payout ratio is presently 36.51%.

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.