Principal Financial Group Inc. Has $10.37 Million Stock Holdings in Cheniere Energy, Inc. $LNG

Principal Financial Group Inc. decreased its position in Cheniere Energy, Inc. (NYSE:LNG) by 8.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 36,527 shares of the energy company’s stock after selling 3,381 shares during the period. Principal Financial Group Inc.’s holdings in Cheniere Energy were worth $10,365,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Financial Life Planners bought a new stake in Cheniere Energy during the 1st quarter worth about $26,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Cheniere Energy in the 3rd quarter valued at about $27,000. Strive Financial Group LLC bought a new position in shares of Cheniere Energy in the 4th quarter valued at about $25,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Cheniere Energy during the 4th quarter worth approximately $26,000. Finally, Valued Wealth Advisors LLC grew its position in shares of Cheniere Energy by 100.0% during the 1st quarter. Valued Wealth Advisors LLC now owns 140 shares of the energy company’s stock worth $40,000 after buying an additional 70 shares during the period. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Stock Performance

Shares of NYSE:LNG opened at $269.27 on Friday. The company has a market capitalization of $56.43 billion, a price-to-earnings ratio of 44.29 and a beta of -0.01. The firm’s 50 day simple moving average is $244.52 and its 200 day simple moving average is $242.07. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.57 and a quick ratio of 0.48. 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 company also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Monday, May 11th were issued a $0.555 dividend. The ex-dividend date was Monday, May 11th. This represents a $2.22 annualized dividend and a yield of 0.8%. Cheniere Energy’s dividend payout ratio (DPR) is 36.51%.

Wall Street Analyst Weigh In

LNG has been the topic of several analyst reports. Weiss Ratings lowered shares of Cheniere Energy from a “buy (b)” rating to a “hold (c)” rating in a report on Monday, May 11th. Scotiabank reaffirmed an “outperform” rating on shares of Cheniere Energy in a report on Wednesday, May 13th. Morgan Stanley dropped their target price on shares of Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. Wolfe Research reissued an “outperform” rating and issued a $300.00 price target on shares of Cheniere Energy in a research note on Tuesday, June 2nd. Finally, Royal Bank Of Canada raised their price target on Cheniere Energy from $286.00 to $300.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 14th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Cheniere Energy currently has a consensus rating of “Buy” and an average price target of $298.88.

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.