Clough Capital Partners L P Increases Stake in Cheniere Energy, Inc. $LNG

Clough Capital Partners L P grew its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 66.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 83,945 shares of the energy company’s stock after acquiring an additional 33,585 shares during the period. Cheniere Energy accounts for 2.3% of Clough Capital Partners L P’s portfolio, making the stock its 15th largest holding. Clough Capital Partners L P’s holdings in Cheniere Energy were worth $23,820,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Strive Financial Group LLC bought a new stake in shares of Cheniere Energy during the 4th quarter valued at $25,000. Kohmann Bosshard Financial Services LLC bought a new position in Cheniere Energy in the 4th quarter worth $26,000. Financial Life Planners bought a new position in Cheniere Energy in the 1st quarter worth $26,000. Caitong International Asset Management Co. Ltd purchased a new position in Cheniere Energy during the third quarter valued at $27,000. Finally, Accordant Advisory Group Inc purchased a new position in Cheniere Energy during the fourth quarter valued at $29,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Down 0.2%

Shares of LNG stock opened at $269.27 on Monday. Cheniere Energy, Inc. has a 52-week low of $186.20 and a 52-week high of $300.89. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.48 and a current ratio of 0.57. The firm has a market capitalization of $56.43 billion, a PE ratio of 44.29 and a beta of -0.01. The stock has a fifty day simple moving average of $244.52 and a two-hundred day simple moving average of $242.37.

Cheniere Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Monday, May 11th were given a dividend of $0.555 per share. The ex-dividend date was Monday, May 11th. This represents a $2.22 annualized dividend and a dividend yield of 0.8%. Cheniere Energy’s dividend payout ratio (DPR) is currently 36.51%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LNG. Weiss Ratings cut Cheniere Energy from a “buy (b)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Morgan Stanley lowered their price objective on Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 21st. Wall Street Zen upgraded Cheniere Energy from a “sell” rating to a “hold” rating in a research note on Saturday. Benchmark reissued an “outperform” rating on shares of Cheniere Energy in a report on Tuesday, May 26th. Finally, 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. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $298.88.

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.