Osborne Partners Capital Management LLC Reduces Stock Position in Cheniere Energy, Inc. $LNG

Osborne Partners Capital Management LLC cut its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 70.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,794 shares of the energy company’s stock after selling 51,646 shares during the quarter. Osborne Partners Capital Management LLC’s holdings in Cheniere Energy were worth $6,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC bought a new stake in shares of Cheniere Energy in the 4th quarter worth approximately $335,000. Bank of Nova Scotia raised its holdings in shares of Cheniere Energy by 13.3% during the second quarter. Bank of Nova Scotia now owns 8,825 shares of the energy company’s stock valued at $2,149,000 after acquiring an additional 1,035 shares in the last quarter. Sei Investments Co. raised its holdings in shares of Cheniere Energy by 23.1% during the second quarter. Sei Investments Co. now owns 183,153 shares of the energy company’s stock valued at $44,600,000 after acquiring an additional 34,422 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of Cheniere Energy by 0.8% during the second quarter. Treasurer of the State of North Carolina now owns 103,040 shares of the energy company’s stock valued at $25,092,000 after acquiring an additional 805 shares in the last quarter. Finally, Ieq Capital LLC lifted its stake in Cheniere Energy by 87.0% in the second quarter. Ieq Capital LLC now owns 36,502 shares of the energy company’s stock worth $8,889,000 after acquiring an additional 16,977 shares during the period. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on LNG. UBS Group set a $290.00 price target on shares of Cheniere Energy in a report on Wednesday, May 13th. Sanford C. Bernstein initiated coverage on shares of Cheniere Energy in a report on Tuesday, June 16th. They issued a “market perform” rating and a $283.00 price objective for the company. Scotiabank reaffirmed an “outperform” rating on shares of Cheniere Energy in a research report on Wednesday, May 13th. Wells Fargo & Company cut their target price on shares of Cheniere Energy from $280.00 to $271.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. Finally, 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 research report on Wednesday, June 3rd. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $297.71.

Cheniere Energy Stock Down 0.0%

LNG stock opened at $245.93 on Friday. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $300.89. 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 $51.53 billion, a PE ratio of 40.45 and a beta of -0.01. The business has a 50 day moving average of $242.25 and a 200 day moving average of $234.70.

Cheniere Energy Announces Dividend

The business also recently declared 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. The ex-dividend date was Monday, May 11th. This represents a $2.22 annualized dividend and a dividend yield of 0.9%. Cheniere Energy’s dividend payout ratio (DPR) is presently 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.