Independent Financial Group LLC Takes Position in Cheniere Energy, Inc. $LNG

Independent Financial Group LLC bought a new stake in Cheniere Energy, Inc. (NYSE:LNG) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,600 shares of the energy company’s stock, valued at approximately $1,021,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. First Horizon Corp increased its holdings in Cheniere Energy by 7.7% during the first quarter. First Horizon Corp now owns 517 shares of the energy company’s stock valued at $147,000 after buying an additional 37 shares during the period. Signal Advisors Wealth LLC grew its stake in shares of Cheniere Energy by 2.9% during the first quarter. Signal Advisors Wealth LLC now owns 1,497 shares of the energy company’s stock worth $425,000 after acquiring an additional 42 shares during the last quarter. Independence Bank of Kentucky grew its stake in shares of Cheniere Energy by 6.8% during the first quarter. Independence Bank of Kentucky now owns 725 shares of the energy company’s stock worth $206,000 after acquiring an additional 46 shares during the last quarter. Quest Investment Management LLC increased its holdings in shares of Cheniere Energy by 6.1% during the third quarter. Quest Investment Management LLC now owns 875 shares of the energy company’s stock valued at $206,000 after acquiring an additional 50 shares in the last quarter. Finally, Aviso Wealth Management raised its position in shares of Cheniere Energy by 2.1% in the 4th quarter. Aviso Wealth Management now owns 2,489 shares of the energy company’s stock valued at $484,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

LNG has been the topic of several research analyst reports. Citigroup boosted their price target on Cheniere Energy from $280.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. Weiss Ratings downgraded 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 lifted their price objective on shares of Cheniere Energy from $286.00 to $300.00 and gave the company an “outperform” rating in a research note on Tuesday, April 14th. Morgan Stanley dropped their price objective on shares of Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating on the stock in a report on Tuesday, April 21st. Finally, Jefferies Financial Group increased their price objective on shares of Cheniere Energy from $275.00 to $330.00 and gave the stock a “buy” rating in a research note on Tuesday, April 7th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Cheniere Energy presently has an average rating of “Buy” and a consensus target price of $298.47.

Cheniere Energy Stock Up 1.0%

Shares of NYSE:LNG opened at $265.25 on Tuesday. Cheniere Energy, Inc. has a 52-week low of $186.20 and a 52-week high of $300.89. The stock has a market cap of $55.58 billion, a P/E ratio of 43.63 and a beta of -0.01. The business has a fifty day moving average of $242.40 and a two-hundred day moving average of $240.35. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 2.55.

Cheniere Energy Dividend Announcement

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