11,842 Shares in Cheniere Energy, Inc. $LNG Bought by Harrison Street Private Wealth LLC

Harrison Street Private Wealth LLC purchased a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 11,842 shares of the energy company’s stock, valued at approximately $3,360,000. Cheniere Energy accounts for approximately 4.4% of Harrison Street Private Wealth LLC’s investment portfolio, making the stock its 14th biggest holding.

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on LNG shares. BMO Capital Markets raised their price objective on shares of Cheniere Energy from $265.00 to $306.00 and gave the company an “outperform” rating in a research report on Monday, March 23rd. Wolfe Research reissued an “outperform” rating and set a $300.00 price target on shares of Cheniere Energy in a report on Tuesday, June 2nd. Zacks Research downgraded Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 10th. Royal Bank Of Canada upped their price objective on Cheniere Energy from $286.00 to $300.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 14th. Finally, TD Cowen increased their target price on Cheniere Energy from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $297.71.

Cheniere Energy Trading Up 0.8%

Shares of LNG opened at $245.93 on Friday. The stock has a market capitalization of $51.53 billion, a PE ratio of 40.45 and a beta of -0.01. The company’s fifty day moving average is $242.48 and its 200 day moving average is $234.62. 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, Inc. has a fifty-two week low of $186.20 and a fifty-two week high of $300.89.

Cheniere Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Monday, May 11th were given a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Monday, May 11th. Cheniere Energy’s dividend payout ratio is currently 36.51%.

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.