Diversify Wealth Management LLC Acquires Shares of 3,005 Cheniere Energy, Inc. $LNG

Diversify Wealth Management LLC purchased a new stake in Cheniere Energy, Inc. (NYSE:LNG) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 3,005 shares of the energy company’s stock, valued at approximately $818,000.

Several other hedge funds and other institutional investors have also made changes to their positions in LNG. Norges Bank purchased a new stake in shares of Cheniere Energy during the fourth quarter worth approximately $731,774,000. Marshall Wace LLP lifted its holdings in Cheniere Energy by 555.0% in the 4th quarter. Marshall Wace LLP now owns 810,138 shares of the energy company’s stock valued at $157,483,000 after purchasing an additional 686,459 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Cheniere Energy by 518.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 577,533 shares of the energy company’s stock valued at $112,267,000 after purchasing an additional 484,198 shares in the last quarter. Vanguard Group Inc. boosted its stake in Cheniere Energy by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 21,219,557 shares of the energy company’s stock worth $4,124,870,000 after purchasing an additional 414,022 shares during the last quarter. Finally, Voloridge Investment Management LLC boosted its stake in Cheniere Energy by 3,902.4% during the 4th quarter. Voloridge Investment Management LLC now owns 389,676 shares of the energy company’s stock worth $75,749,000 after purchasing an additional 379,940 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LNG. Morgan Stanley reduced their target price on shares of Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. Sanford C. Bernstein started coverage on shares of Cheniere Energy in a research report on Tuesday, June 16th. They set a “market perform” rating and a $283.00 price target on the stock. JPMorgan Chase & Co. upped their price objective on shares of Cheniere Energy from $325.00 to $327.00 and gave the company an “overweight” rating in a research note on Wednesday, June 3rd. TD Cowen increased their price objective on shares of Cheniere Energy from $270.00 to $280.00 and gave the company a “buy” rating in a report on Thursday. Finally, Benchmark reissued an “outperform” rating on shares of Cheniere Energy in a research note on Tuesday, May 26th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cheniere Energy currently has an average rating of “Buy” and an average target price of $298.47.

Cheniere Energy Stock Up 1.2%

Shares of NYSE:LNG opened at $258.87 on Friday. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 2.55. The business has a fifty day moving average of $241.45 and a two-hundred day moving average of $239.35. The stock has a market cap of $54.25 billion, a P/E ratio of 42.58 and a beta of -0.01. Cheniere Energy, Inc. has a 52-week low of $186.20 and a 52-week high of $300.89.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Monday, May 11th were issued a $0.555 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.9%. Cheniere Energy’s dividend payout ratio is currently 36.51%.

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.