Bornite Capital Management LP Sells 20,300 Shares of Cheniere Energy, Inc. $LNG

Bornite Capital Management LP reduced its position in Cheniere Energy, Inc. (NYSE:LNG) by 15.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 108,900 shares of the energy company’s stock after selling 20,300 shares during the quarter. Cheniere Energy makes up 2.4% of Bornite Capital Management LP’s portfolio, making the stock its 20th largest holding. Bornite Capital Management LP owned approximately 0.05% of Cheniere Energy worth $25,589,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. CenterBook Partners LP acquired a new position in shares of Cheniere Energy in the 3rd quarter valued at $2,353,000. Spectrum Strategic Capital Management LLC increased its stake in Cheniere Energy by 106.3% in the third quarter. Spectrum Strategic Capital Management LLC now owns 9,584 shares of the energy company’s stock valued at $2,252,000 after acquiring an additional 4,938 shares during the period. Rothschild Investment LLC increased its stake in Cheniere Energy by 34.5% in the third quarter. Rothschild Investment LLC now owns 2,547 shares of the energy company’s stock valued at $598,000 after acquiring an additional 654 shares during the period. Glenview Trust Co raised its position in Cheniere Energy by 27.2% in the third quarter. Glenview Trust Co now owns 3,165 shares of the energy company’s stock worth $744,000 after purchasing an additional 676 shares in the last quarter. Finally, M&G PLC lifted its stake in Cheniere Energy by 49.6% during the third quarter. M&G PLC now owns 556,285 shares of the energy company’s stock worth $130,727,000 after purchasing an additional 184,520 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on LNG shares. Wells Fargo & Company lowered their price objective on Cheniere Energy from $284.00 to $280.00 and set an “overweight” rating on the stock in a research note on Monday, January 12th. Barclays decreased their price target on Cheniere Energy from $262.00 to $259.00 and set an “overweight” rating on the stock in a research note on Thursday, January 15th. Erste Group Bank lowered Cheniere Energy from a “buy” rating to a “hold” rating in a research note 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, The Goldman Sachs Group reaffirmed a “buy” rating and issued a $275.00 target price on shares of Cheniere Energy in a report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $264.24.

Cheniere Energy Trading Up 2.2%

Shares of NYSE LNG opened at $223.88 on Thursday. Cheniere Energy, Inc. has a 1-year low of $186.20 and a 1-year high of $246.42. The company has a 50-day moving average of $202.23 and a two-hundred day moving average of $216.76. The company has a market cap of $48.19 billion, a PE ratio of 12.47 and a beta of 0.27. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 1.94.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 6th will be issued a dividend of $0.555 per share. The ex-dividend date of this dividend is Friday, February 6th. This represents a $2.22 annualized dividend and a yield of 1.0%. Cheniere Energy’s dividend payout ratio is currently 12.37%.

Cheniere Energy Profile

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.