Cheniere Energy, Inc. $LNG Stock Acquired by Ethic Inc.

Ethic Inc. boosted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 295.2% during the third quarter, Holdings Channel reports. The fund owned 24,129 shares of the energy company’s stock after acquiring an additional 18,024 shares during the period. Ethic Inc.’s holdings in Cheniere Energy were worth $6,491,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp increased its position in Cheniere Energy by 174.3% in the first quarter. Bank of New York Mellon Corp now owns 2,244,268 shares of the energy company’s stock worth $636,834,000 after purchasing an additional 1,426,058 shares during the period. Wellington Management Group LLP boosted its stake in shares of Cheniere Energy by 210.1% in the 2nd quarter. Wellington Management Group LLP now owns 2,444,403 shares of the energy company’s stock valued at $584,237,000 after purchasing an additional 1,656,194 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Cheniere Energy by 12.6% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,135,088 shares of the energy company’s stock worth $510,307,000 after buying an additional 239,680 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Cheniere Energy by 50.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 867,496 shares of the energy company’s stock worth $246,161,000 after buying an additional 289,963 shares during the period. Finally, Chickasaw Capital Management LLC grew its position in shares of Cheniere Energy by 4.4% during the 3rd quarter. Chickasaw Capital Management LLC now owns 893,452 shares of the energy company’s stock worth $240,365,000 after buying an additional 37,325 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Price Performance

Shares of LNG opened at $285.24 on Tuesday. The stock has a market cap of $58.25 billion, a P/E ratio of 19.90, a price-to-earnings-growth ratio of 0.90 and a beta of 0.01. Cheniere Energy, Inc. has a 1 year low of $186.20 and a 1 year high of $330.73. The stock’s 50-day moving average price is $283.54 and its two-hundred day moving average price is $258.41. The company has a current ratio of 0.90, a quick ratio of 0.76 and a debt-to-equity ratio of 1.89.

Cheniere Energy Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 17th. Investors of record on Monday, November 9th will be paid a dividend of $0.6250 per share. This represents a $2.50 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend is Monday, November 9th. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.5550. Cheniere Energy’s payout ratio is 15.49%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LNG. Royal Bank Of Canada boosted their price target on shares of Cheniere Energy from $300.00 to $319.00 and gave the stock an “outperform” rating in a research note on Monday, August 24th. Barclays raised their price objective on shares of Cheniere Energy from $287.00 to $328.00 and gave the company an “overweight” rating in a research note on Friday, October 30th. UBS Group reaffirmed a “buy” rating on shares of Cheniere Energy in a report on Tuesday, September 1st. JPMorgan Chase & Co. upped their target price on shares of Cheniere Energy from $334.00 to $344.00 and gave the company an “overweight” rating in a research report on Friday, October 23rd. Finally, Morgan Stanley increased their price target on Cheniere Energy from $310.00 to $322.00 and gave the company an “overweight” rating in a research note on Friday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $324.41.

Cheniere Energy Company Profile

Cheniere Energy, Inc is a U.S. energy company focused on producing and exporting liquefied natural gas (LNG). Its operations include the Sabine Pass LNG facility in Louisiana and the Corpus Christi LNG facility in Texas, where natural gas is processed and liquefied for shipment.

The company supplies LNG to customers in international markets, including countries in Asia, Europe and Latin America. Its activities also include sourcing natural gas and marketing LNG under long-term and other sales agreements.

Founded in 1996, Cheniere initially developed LNG import infrastructure before shifting its focus to U.S.