Kestra Advisory Services LLC Buys 19,232 Shares of Cheniere Energy, Inc. $LNG

Kestra Advisory Services LLC boosted its position in shares of Cheniere Energy, Inc. (NYSE:LNGFree Report) by 80.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 43,193 shares of the energy company’s stock after buying an additional 19,232 shares during the quarter. Kestra Advisory Services LLC’s holdings in Cheniere Energy were worth $12,256,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Strive Financial Group LLC bought a new stake in shares of Cheniere Energy during the fourth quarter worth $25,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Cheniere Energy in the fourth quarter worth about $26,000. Financial Life Planners acquired a new stake in Cheniere Energy in the first quarter worth about $26,000. Caitong International Asset Management Co. Ltd bought a new stake in Cheniere Energy during the 3rd quarter worth about $27,000. Finally, Accordant Advisory Group Inc bought a new stake in Cheniere Energy during the 4th quarter worth about $29,000. 87.26% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

LNG has been the topic of several recent research reports. Jefferies Financial Group raised their target price 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. Royal Bank Of Canada increased their price objective on shares of Cheniere Energy from $286.00 to $300.00 and gave the company an “outperform” rating in a report on Tuesday, April 14th. BMO Capital Markets raised their price objective on shares of Cheniere Energy from $265.00 to $306.00 and gave the company an “outperform” rating in a research note on Monday, March 23rd. Scotiabank reaffirmed an “outperform” rating on shares of Cheniere Energy in a report on Wednesday, May 13th. Finally, Sanford C. Bernstein started coverage on shares of Cheniere Energy in a research report on Tuesday, June 16th. They set a “market perform” rating and a $283.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Cheniere Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $297.71.

Check Out Our Latest Research Report on LNG

Cheniere Energy Trading Down 0.0%

Shares of NYSE LNG opened at $258.57 on Monday. The company’s fifty day moving average is $241.65 and its 200-day moving average is $237.37. The stock has a market cap of $54.18 billion, a price-to-earnings ratio of 42.53 and a beta of -0.01. 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.

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 dividend of $0.555 per share. The ex-dividend date was Monday, May 11th. This represents a $2.22 annualized dividend and a yield of 0.9%. Cheniere Energy’s payout ratio is currently 36.51%.

Cheniere Energy News Roundup

Here are the key news stories impacting Cheniere Energy this week:

Cheniere Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Cheniere Energy (NYSE:LNG)

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