Catalyst Capital Advisors LLC Sells 38,570 Shares of Cheniere Energy, Inc. $LNG

Catalyst Capital Advisors LLC trimmed its stake in Cheniere Energy, Inc. (NYSE:LNG) by 23.1% in the 1st quarter, Holdings Channel.com reports. The institutional investor owned 128,158 shares of the energy company’s stock after selling 38,570 shares during the period. Cheniere Energy makes up about 0.7% of Catalyst Capital Advisors LLC’s investment portfolio, making the stock its 28th biggest position. Catalyst Capital Advisors LLC’s holdings in Cheniere Energy were worth $36,366,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in LNG. Financiere des Professionnels Fonds d investissement inc. grew its stake in Cheniere Energy by 110.4% in the first quarter. Financiere des Professionnels Fonds d investissement inc. now owns 19,401 shares of the energy company’s stock worth $5,505,000 after purchasing an additional 10,182 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Cheniere Energy by 20.8% in the 1st quarter. Bessemer Group Inc. now owns 4,734 shares of the energy company’s stock worth $1,344,000 after buying an additional 814 shares during the period. SteelPeak Wealth LLC bought a new position in shares of Cheniere Energy during the 1st quarter worth $366,000. Independent Financial Group LLC purchased a new position in shares of Cheniere Energy during the first quarter valued at $1,021,000. Finally, Regency Capital Management Inc. DE bought a new stake in shares of Cheniere Energy in the first quarter valued at about $2,741,000. 87.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. UBS Group set a $290.00 price objective on shares of Cheniere Energy in a research note on Wednesday, May 13th. JPMorgan Chase & Co. boosted their price target on shares of Cheniere Energy from $325.00 to $327.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Zacks Research raised shares of Cheniere Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, July 13th. Scotiabank reissued an “outperform” rating on shares of Cheniere Energy in a research note on Wednesday, May 13th. Finally, Benchmark reaffirmed an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, May 26th. Three analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $298.47.

Cheniere Energy Trading Up 1.5%

NYSE LNG opened at $262.94 on Friday. Cheniere Energy, Inc. has a 52 week low of $186.20 and a 52 week high of $300.89. The company has a 50 day moving average price of $241.91 and a 200 day moving average price of $239.52. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 2.55. The firm has a market cap of $55.10 billion, a PE ratio of 43.25 and a beta of -0.01.

Cheniere Energy Announces Dividend

The firm also recently disclosed 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. This represents a $2.22 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, May 11th. Cheniere Energy’s dividend payout ratio 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.