Strs Ohio Sells 19,608 Shares of Cheniere Energy, Inc. $LNG

Strs Ohio decreased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 10.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 162,196 shares of the energy company’s stock after selling 19,608 shares during the quarter. Strs Ohio owned 0.08% of Cheniere Energy worth $46,025,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Harrison Street Private Wealth LLC acquired a new position in Cheniere Energy during the 1st quarter worth approximately $3,360,000. Keybank National Association OH boosted its position in Cheniere Energy by 5.8% in the first quarter. Keybank National Association OH now owns 5,912 shares of the energy company’s stock valued at $1,678,000 after buying an additional 324 shares in the last quarter. Root Financial Partners LLC boosted its position in Cheniere Energy by 123.3% in the first quarter. Root Financial Partners LLC now owns 576 shares of the energy company’s stock valued at $164,000 after buying an additional 318 shares in the last quarter. Stock Yards Bank & Trust Co. grew its stake in shares of Cheniere Energy by 109.7% during the first quarter. Stock Yards Bank & Trust Co. now owns 70,340 shares of the energy company’s stock worth $19,960,000 after buying an additional 36,791 shares during the last quarter. Finally, James Investment Research Inc. increased its holdings in shares of Cheniere Energy by 3.9% during the first quarter. James Investment Research Inc. now owns 9,429 shares of the energy company’s stock worth $2,676,000 after buying an additional 351 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LNG has been the subject of a number of research reports. Wells Fargo & Company dropped their price target on Cheniere Energy from $280.00 to $271.00 and set an “overweight” rating for the company in a research note on Friday, March 13th. Royal Bank Of Canada boosted their price objective on Cheniere Energy from $286.00 to $300.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 14th. Morgan Stanley lowered their target price on Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating for the company in a report on Tuesday, April 21st. Benchmark reiterated an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, May 26th. Finally, Citigroup lifted their price target on Cheniere Energy from $280.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $297.71.

Cheniere Energy Price Performance

LNG stock opened at $245.93 on Friday. The company has a market capitalization of $51.53 billion, a P/E ratio of 40.45 and a beta of -0.01. The company has a fifty day moving average price of $242.48 and a 200-day moving average price of $234.62. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.48 and a current ratio of 0.57. Cheniere Energy, Inc. has a 52-week low of $186.20 and a 52-week high of $300.89.

Cheniere Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Monday, May 11th were given a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Monday, May 11th. Cheniere Energy’s dividend payout ratio is currently 36.51%.

Cheniere Energy Company 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.