Longboard Asset Management LP Takes Position in Cheniere Energy, Inc. (NYSE:LNG)

Longboard Asset Management LP bought a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 995 shares of the energy company’s stock, valued at approximately $214,000.

Several other large investors also recently bought and sold shares of LNG. Creative Planning acquired a new position in shares of Cheniere Energy during the second quarter worth about $276,000. Northwestern Mutual Wealth Management Co. grew its holdings in Cheniere Energy by 26.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 6,954 shares of the energy company’s stock worth $1,216,000 after acquiring an additional 1,453 shares in the last quarter. B. Riley Wealth Advisors Inc. grew its holdings in Cheniere Energy by 23.8% during the 2nd quarter. B. Riley Wealth Advisors Inc. now owns 6,945 shares of the energy company’s stock worth $341,000 after acquiring an additional 1,336 shares in the last quarter. Truist Financial Corp increased its position in shares of Cheniere Energy by 6.9% in the 2nd quarter. Truist Financial Corp now owns 19,487 shares of the energy company’s stock valued at $957,000 after purchasing an additional 1,255 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of Cheniere Energy by 40.8% in the 2nd quarter. Cetera Investment Advisers now owns 43,345 shares of the energy company’s stock valued at $2,129,000 after purchasing an additional 12,554 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analyst Ratings Changes

LNG has been the topic of several recent analyst reports. Stifel Nicolaus increased their target price on Cheniere Energy from $204.00 to $237.00 and gave the company a “buy” rating in a report on Wednesday, December 4th. Bank of America assumed coverage on Cheniere Energy in a report on Thursday, October 17th. They issued a “buy” rating and a $215.00 price objective on the stock. TD Cowen boosted their target price on Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a research note on Monday, January 27th. Royal Bank of Canada increased their price target on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company raised their price objective on shares of Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Cheniere Energy presently has an average rating of “Moderate Buy” and an average target price of $234.25.

Cheniere Energy Stock Up 2.7 %

Shares of NYSE:LNG opened at $229.77 on Tuesday. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $257.65. The stock has a market cap of $51.55 billion, a P/E ratio of 14.67 and a beta of 0.98. The firm has a fifty day moving average price of $223.15 and a 200 day moving average price of $199.63. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98.

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a yield of 0.87%. Cheniere Energy’s payout ratio is 12.77%.

Cheniere Energy Profile

Cheniere Energy, Inc, an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas. The company also owns Creole Trail pipeline, a 94-mile natural gas supply pipeline that interconnects the Sabine Pass LNG Terminal with several interstate and intrastate pipelines; and operates Corpus Christi pipeline, a 21.5-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.