Cannell & Spears LLC Invests $3.79 Million in Cheniere Energy, Inc. $LNG

Cannell & Spears LLC acquired a new stake in Cheniere Energy, Inc. (NYSE:LNG) in the 1st quarter, Holdings Channel.com reports. The fund acquired 13,305 shares of the energy company’s stock, valued at approximately $3,785,000.

A number of other large investors have also added to or reduced their stakes in LNG. First Horizon Corp boosted its position in Cheniere Energy by 7.7% during the 1st quarter. First Horizon Corp now owns 517 shares of the energy company’s stock worth $147,000 after buying an additional 37 shares during the period. Signal Advisors Wealth LLC increased its position in Cheniere Energy by 2.9% in the 1st quarter. Signal Advisors Wealth LLC now owns 1,497 shares of the energy company’s stock valued at $425,000 after acquiring an additional 42 shares during the period. Independence Bank of Kentucky raised its stake in shares of Cheniere Energy by 6.8% during the first quarter. Independence Bank of Kentucky now owns 725 shares of the energy company’s stock valued at $206,000 after acquiring an additional 46 shares during the last quarter. AlTi Global Inc. raised its stake in shares of Cheniere Energy by 1.5% during the first quarter. AlTi Global Inc. now owns 3,318 shares of the energy company’s stock valued at $942,000 after acquiring an additional 50 shares during the last quarter. Finally, Quest Investment Management LLC lifted its holdings in shares of Cheniere Energy by 6.1% during the third quarter. Quest Investment Management LLC now owns 875 shares of the energy company’s stock worth $206,000 after purchasing an additional 50 shares during the period. Institutional investors own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

LNG has been the topic of several analyst reports. Morgan Stanley reduced their price objective on shares of Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 21st. JPMorgan Chase & Co. lifted their target price on Cheniere Energy from $327.00 to $334.00 and gave the stock an “overweight” rating in a report on Friday. TD Cowen upped their price target on Cheniere Energy from $270.00 to $280.00 and gave the company a “buy” rating in a research report on Thursday, July 16th. UBS Group set a $290.00 price target on Cheniere Energy in a research note on Wednesday, May 13th. Finally, Jefferies Financial Group raised their price objective on Cheniere Energy from $275.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday, April 7th. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $298.88.

Cheniere Energy Trading Down 1.0%

LNG opened at $269.27 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 fifty day moving average of $244.52 and a 200-day moving average of $242.07. The stock has a market cap of $56.43 billion, a PE ratio of 44.29 and a beta of -0.01. 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 Dividend Announcement

The firm also recently declared 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. This represents a $2.22 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Monday, May 11th. Cheniere Energy’s dividend payout ratio (DPR) is presently 36.51%.

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.