Stableford Capital II LLC Cuts Stake in Cheniere Energy, Inc. $LNG

Stableford Capital II LLC lowered its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 31.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,607 shares of the energy company’s stock after selling 2,586 shares during the period. Stableford Capital II LLC’s holdings in Cheniere Energy were worth $1,340,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. Norges Bank purchased a new stake in Cheniere Energy during the 4th quarter valued at about $731,774,000. Bank of New York Mellon Corp increased its stake in Cheniere Energy by 174.3% in the 1st quarter. Bank of New York Mellon Corp now owns 2,244,268 shares of the energy company’s stock worth $636,834,000 after purchasing an additional 1,426,058 shares during the period. Marshall Wace LLP increased its stake in Cheniere Energy by 555.0% in the 4th quarter. Marshall Wace LLP now owns 810,138 shares of the energy company’s stock worth $157,483,000 after purchasing an additional 686,459 shares during the period. OMERS ADMINISTRATION Corp lifted its position in Cheniere Energy by 6,513.7% in the first quarter. OMERS ADMINISTRATION Corp now owns 564,742 shares of the energy company’s stock valued at $160,251,000 after purchasing an additional 556,203 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its position in Cheniere Energy by 518.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 577,533 shares of the energy company’s stock valued at $112,267,000 after purchasing an additional 484,198 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Sanford C. Bernstein started coverage on shares of Cheniere Energy in a report on Tuesday, June 16th. They issued a “market perform” rating and a $283.00 target price on the stock. Weiss Ratings lowered shares of Cheniere Energy from a “buy (b)” rating to a “hold (c)” rating in a report on Monday, May 11th. Royal Bank Of Canada upped their price target on shares of Cheniere Energy from $286.00 to $300.00 and gave the company an “outperform” rating in a report on Tuesday, April 14th. Jefferies Financial Group increased their price target on shares of Cheniere Energy from $275.00 to $330.00 and gave the company a “buy” rating in a research report on Tuesday, April 7th. Finally, Scotiabank reissued an “outperform” rating on shares of Cheniere Energy in a report on Wednesday, May 13th. Three analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $298.88.

Cheniere Energy Trading Down 2.0%

NYSE LNG opened at $258.18 on Tuesday. The stock has a market cap of $54.10 billion, a P/E ratio of 42.46 and a beta of -0.01. Cheniere Energy, Inc. has a fifty-two week low of $186.20 and a fifty-two week high of $300.89. The stock has a 50 day simple moving average of $246.24 and a two-hundred day simple moving average of $245.04. 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 18th. Stockholders of record on Monday, August 10th will be paid a dividend of $0.555 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.9%. Cheniere Energy’s 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.