Meitav Investment House Ltd. Reduces Position in Cheniere Energy, Inc. $LNG

Meitav Investment House Ltd. lessened its stake in Cheniere Energy, Inc. (NYSE:LNG) by 20.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 158,200 shares of the energy company’s stock after selling 40,000 shares during the quarter. Meitav Investment House Ltd.’s holdings in Cheniere Energy were worth $44,891,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. BMO Capital Markets upped their target price on shares of Cheniere Energy from $265.00 to $306.00 and gave the company an “outperform” rating in a report on Monday, March 23rd. Royal Bank Of Canada boosted their price objective on shares of Cheniere Energy from $286.00 to $300.00 and gave the company an “outperform” rating in a research note on Tuesday, April 14th. Wall Street Zen downgraded Cheniere Energy from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. Citigroup upped their target price on shares of Cheniere Energy from $280.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. Finally, Weiss Ratings cut Cheniere Energy from a “buy (b)” rating to a “hold (c)” rating in a research report on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cheniere Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $297.71.

Cheniere Energy Stock Up 3.2%

NYSE LNG traded up $7.82 on Tuesday, reaching $253.91. The company had a trading volume of 673,622 shares, compared to its average volume of 2,583,055. The firm has a 50-day moving average of $242.25 and a 200-day moving average of $235.02. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.57 and a quick ratio of 0.48. The firm has a market capitalization of $53.21 billion, a PE ratio of 41.68 and a beta of -0.01. Cheniere Energy, Inc. has a 1 year low of $186.20 and a 1 year high of $300.89.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Monday, May 11th were issued a $0.555 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.22 dividend on an annualized basis and a yield of 0.9%. Cheniere Energy’s dividend payout ratio (DPR) 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.