BI Asset Management Fondsmaeglerselskab A S Has $7.40 Million Holdings in Cheniere Energy, Inc. $LNG

BI Asset Management Fondsmaeglerselskab A S trimmed its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 27.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,507 shares of the energy company’s stock after selling 11,767 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Cheniere Energy were worth $7,404,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Assetmark Inc. increased its stake in shares of Cheniere Energy by 718.1% in the 2nd quarter. Assetmark Inc. now owns 1,669 shares of the energy company’s stock valued at $406,000 after purchasing an additional 1,465 shares during the last quarter. Morningstar Investment Management LLC acquired a new stake in Cheniere Energy in the second quarter valued at about $1,723,000. Railway Pension Investments Ltd grew its position in Cheniere Energy by 62.9% in the third quarter. Railway Pension Investments Ltd now owns 777,200 shares of the energy company’s stock valued at $182,626,000 after acquiring an additional 300,100 shares during the last quarter. Nordea Investment Management AB grew its position in Cheniere Energy by 3.9% in the second quarter. Nordea Investment Management AB now owns 109,285 shares of the energy company’s stock valued at $26,360,000 after acquiring an additional 4,083 shares during the last quarter. Finally, Baird Financial Group Inc. raised its stake in Cheniere Energy by 9.5% during the second quarter. Baird Financial Group Inc. now owns 97,267 shares of the energy company’s stock worth $23,686,000 after acquiring an additional 8,449 shares in the last quarter. 87.26% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

LNG has been the topic of a number of research analyst reports. The Goldman Sachs Group restated a “buy” rating and issued a $275.00 price target on shares of Cheniere Energy in a research note on Monday, November 3rd. Zacks Research lowered shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Erste Group Bank downgraded shares of Cheniere Energy from a “buy” rating to a “hold” rating in a report on Monday, November 10th. Wolfe Research set a $220.00 price objective on Cheniere Energy and gave the company an “outperform” rating in a report on Wednesday, January 14th. Finally, Barclays lowered their target price on Cheniere Energy from $262.00 to $259.00 and set an “overweight” rating for the company in a report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Cheniere Energy presently has an average rating of “Moderate Buy” and an average target price of $264.24.

Cheniere Energy Stock Performance

Shares of Cheniere Energy stock opened at $210.26 on Friday. The stock has a market cap of $45.26 billion, a price-to-earnings ratio of 11.71, a P/E/G ratio of 6.76 and a beta of 0.27. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $246.42. The company’s fifty day moving average is $199.75 and its 200 day moving average is $217.53. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 1.94.

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 6th will be given a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, February 6th. Cheniere Energy’s dividend payout ratio (DPR) is 12.37%.

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.