Clare Market Investments LLC Purchases Shares of 2,675 Cheniere Energy, Inc. $LNG

Clare Market Investments LLC bought a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,675 shares of the energy company’s stock, valued at approximately $759,000.

Other hedge funds have also recently bought and sold shares of the company. Strive Financial Group LLC acquired a new position in shares of Cheniere Energy during the fourth quarter worth $25,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Cheniere Energy during the 4th quarter worth $26,000. Financial Life Planners acquired a new position in Cheniere Energy in the 1st quarter worth $26,000. Caitong International Asset Management Co. Ltd acquired a new position in Cheniere Energy in the 3rd quarter worth $27,000. Finally, Accordant Advisory Group Inc purchased a new position in Cheniere Energy in the 4th quarter valued at about $29,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LNG. JPMorgan Chase & Co. increased their target price on Cheniere Energy from $325.00 to $327.00 and gave the company an “overweight” rating in a research note on Wednesday, June 3rd. Jefferies Financial Group increased their price objective on shares of Cheniere Energy from $275.00 to $330.00 and gave the company a “buy” rating in a research note on Tuesday, April 7th. Wall Street Zen downgraded shares of Cheniere Energy from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. Wolfe Research reiterated an “outperform” rating and issued a $300.00 price target on shares of Cheniere Energy in a research note on Tuesday, June 2nd. Finally, Sanford C. Bernstein started coverage on Cheniere Energy in a report on Tuesday, June 16th. They issued a “market perform” rating and a $283.00 price objective for the company. Two research 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $297.71.

Cheniere Energy Price Performance

NYSE:LNG opened at $253.47 on Tuesday. 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 business’s 50-day moving average price is $242.25 and its 200 day moving average price is $235.02. Cheniere Energy, Inc. has a 52-week low of $186.20 and a 52-week high of $300.89. The firm has a market cap of $53.11 billion, a P/E ratio of 41.56 and a beta of -0.01.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.9%. Cheniere Energy’s dividend payout ratio 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.