Volterra Technologies LP Increases Holdings in Cheniere Energy, Inc. $LNG

Volterra Technologies LP lifted its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 155.0% in the first quarter, Holdings Channel reports. The fund owned 8,350 shares of the energy company’s stock after purchasing an additional 5,075 shares during the quarter. Cheniere Energy makes up 0.3% of Volterra Technologies LP’s holdings, making the stock its 17th biggest holding. Volterra Technologies LP’s holdings in Cheniere Energy were worth $2,369,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Cheniere Energy by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 21,219,557 shares of the energy company’s stock valued at $4,124,870,000 after purchasing an additional 414,022 shares during the period. State Street Corp boosted its holdings in shares of Cheniere Energy by 2.8% in the 4th quarter. State Street Corp now owns 6,174,695 shares of the energy company’s stock worth $1,200,299,000 after purchasing an additional 167,622 shares during the period. Norges Bank bought a new position in shares of Cheniere Energy during the 4th quarter valued at approximately $731,774,000. Victory Capital Management Inc. increased its position in shares of Cheniere Energy by 12.5% during the 4th quarter. Victory Capital Management Inc. now owns 2,279,078 shares of the energy company’s stock valued at $443,031,000 after purchasing an additional 253,469 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Cheniere Energy by 6.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,263,826 shares of the energy company’s stock valued at $440,047,000 after buying an additional 134,695 shares during the period. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Up 1.7%

NYSE:LNG opened at $271.95 on Friday. The company has a market cap of $56.99 billion, a price-to-earnings ratio of 44.73 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 current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 2.55. The stock has a fifty day simple moving average of $243.97 and a 200-day simple moving average of $241.88.

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Investors 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 dividend on an annualized basis and a yield of 0.8%. Cheniere Energy’s dividend payout ratio (DPR) is presently 36.51%.

Wall Street Analysts Forecast Growth

LNG has been the subject of several recent analyst reports. Jefferies Financial Group lifted their price objective on shares of Cheniere Energy from $275.00 to $330.00 and gave the stock a “buy” rating in a research note on Tuesday, April 7th. TD Cowen increased their target price on shares of Cheniere Energy from $270.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday, July 16th. Barclays raised their target price on shares of Cheniere Energy from $271.00 to $274.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Benchmark reaffirmed an “outperform” rating on shares of Cheniere Energy in a research note on Tuesday, May 26th. Finally, JPMorgan Chase & Co. upped their price target on shares of Cheniere Energy from $325.00 to $327.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $298.47.

About Cheniere Energy

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.