Lansforsakringar Fondforvaltning AB publ Boosts Stake in Cheniere Energy, Inc. $LNG

Lansforsakringar Fondforvaltning AB publ increased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 3.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 68,854 shares of the energy company’s stock after acquiring an additional 2,398 shares during the period. Lansforsakringar Fondforvaltning AB publ’s holdings in Cheniere Energy were worth $16,179,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Salomon & Ludwin LLC acquired a new position in shares of Cheniere Energy during the 3rd quarter worth $25,000. Westside Investment Management Inc. lifted its stake in shares of Cheniere Energy by 473.7% in the second quarter. Westside Investment Management Inc. now owns 109 shares of the energy company’s stock valued at $26,000 after purchasing an additional 90 shares during the period. Hazlett Burt & Watson Inc. boosted its holdings in Cheniere Energy by 250.0% during the third quarter. Hazlett Burt & Watson Inc. now owns 140 shares of the energy company’s stock worth $32,000 after buying an additional 100 shares in the last quarter. Pin Oak Investment Advisors Inc. purchased a new stake in Cheniere Energy during the second quarter worth about $34,000. Finally, Armstrong Advisory Group Inc. grew its position in Cheniere Energy by 47.6% during the third quarter. Armstrong Advisory Group Inc. now owns 155 shares of the energy company’s stock worth $36,000 after buying an additional 50 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on LNG. Weiss Ratings downgraded shares of Cheniere Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 20th. Royal Bank Of Canada reduced their price objective on Cheniere Energy from $282.00 to $271.00 and set an “outperform” rating for the company in a report on Wednesday, January 28th. Erste Group Bank lowered Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, November 10th. Zacks Research cut Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $254.00 price objective on shares of Cheniere Energy in a research report on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $264.24.

Cheniere Energy Price Performance

NYSE:LNG opened at $226.40 on Monday. Cheniere Energy, Inc. has a 12-month low of $186.20 and a 12-month high of $246.42. The firm has a market cap of $48.73 billion, a price-to-earnings ratio of 12.61 and a beta of 0.27. The company’s 50-day moving average is $203.66 and its two-hundred day moving average is $216.42. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 1.94.

Cheniere Energy Dividend Announcement

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

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.