United Asset Strategies Inc. Boosts Holdings in Cheniere Energy, Inc. $LNG

United Asset Strategies Inc. lifted its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 9.7% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 28,950 shares of the energy company’s stock after purchasing an additional 2,554 shares during the period. United Asset Strategies Inc.’s holdings in Cheniere Energy were worth $8,215,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Cheniere Energy in the 4th quarter valued at approximately $731,774,000. Marshall Wace LLP increased its position in shares of Cheniere Energy by 555.0% during the fourth quarter. Marshall Wace LLP now owns 810,138 shares of the energy company’s stock worth $157,483,000 after acquiring an additional 686,459 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of Cheniere Energy by 518.8% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 577,533 shares of the energy company’s stock worth $112,267,000 after acquiring an additional 484,198 shares during the period. Vanguard Group Inc. raised its stake in shares of Cheniere Energy by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 21,219,557 shares of the energy company’s stock valued at $4,124,870,000 after acquiring an additional 414,022 shares in the last quarter. Finally, Voloridge Investment Management LLC raised its stake in shares of Cheniere Energy by 3,902.4% in the fourth quarter. Voloridge Investment Management LLC now owns 389,676 shares of the energy company’s stock valued at $75,749,000 after acquiring an additional 379,940 shares in the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Citigroup lifted their target price on Cheniere Energy from $280.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. The Goldman Sachs Group increased their price target on Cheniere Energy from $276.00 to $312.00 and gave the company a “buy” rating in a research report on Tuesday, March 24th. Morgan Stanley decreased their price objective on Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating for the company in a research note on Tuesday, April 21st. Wolfe Research restated an “outperform” rating and set a $300.00 target price on shares of Cheniere Energy in a research note on Tuesday, June 2nd. Finally, Bank of America raised their target price on shares of Cheniere Energy from $296.00 to $322.00 and gave the company a “buy” rating in a report on Friday, March 20th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $297.71.

Cheniere Energy Stock Up 3.0%

Shares of Cheniere Energy stock traded up $7.35 during trading hours on Tuesday, hitting $253.44. The company had a trading volume of 673,622 shares, compared to its average volume of 2,583,055. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.57 and a quick ratio of 0.48. The company’s 50-day moving average is $242.25 and its two-hundred day moving average is $235.02. The company has a market cap of $53.11 billion, a P/E ratio of 41.68 and a beta of -0.01. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $300.89.

Cheniere Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Monday, May 11th were given a $0.555 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.9%. Cheniere Energy’s dividend payout ratio is 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.