Independent Financial Group LLC Invests $1.02 Million in Cheniere Energy, Inc. $LNG

Independent Financial Group LLC acquired a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) in the first quarter, Holdings Channel reports. The institutional investor acquired 3,600 shares of the energy company’s stock, valued at approximately $1,021,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of LNG. Brighton Jones LLC purchased a new position in Cheniere Energy during the fourth quarter worth about $335,000. Bank of Nova Scotia lifted its holdings in shares of Cheniere Energy by 13.3% in the 2nd quarter. Bank of Nova Scotia now owns 8,825 shares of the energy company’s stock worth $2,149,000 after acquiring an additional 1,035 shares during the last quarter. Sei Investments Co. increased its holdings in Cheniere Energy by 23.1% in the 2nd quarter. Sei Investments Co. now owns 183,153 shares of the energy company’s stock valued at $44,600,000 after purchasing an additional 34,422 shares during the last quarter. Treasurer of the State of North Carolina increased its holdings in Cheniere Energy by 0.8% in the 2nd quarter. Treasurer of the State of North Carolina now owns 103,040 shares of the energy company’s stock valued at $25,092,000 after purchasing an additional 805 shares during the last quarter. Finally, Ieq Capital LLC raised its position in Cheniere Energy by 87.0% in the second quarter. Ieq Capital LLC now owns 36,502 shares of the energy company’s stock valued at $8,889,000 after purchasing an additional 16,977 shares during the period. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently commented on LNG shares. BMO Capital Markets raised their price target on Cheniere Energy from $265.00 to $306.00 and gave the stock an “outperform” rating in a research report on Monday, March 23rd. Wall Street Zen cut Cheniere Energy from a “hold” rating to a “sell” rating in a report on Saturday, June 27th. UBS Group set a $290.00 target price on Cheniere Energy in a research report on Wednesday, May 13th. Sanford C. Bernstein started coverage on shares of Cheniere Energy in a research note on Tuesday, June 16th. They set a “market perform” rating and a $283.00 price target on the stock. Finally, TD Cowen increased their price target on shares of Cheniere Energy from $270.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $298.47.

Cheniere Energy Stock Up 1.0%

Cheniere Energy stock opened at $265.25 on Tuesday. The stock has a market cap of $55.58 billion, a PE ratio of 43.63 and a beta of -0.01. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.57 and a quick ratio of 0.48. The stock’s fifty day moving average is $242.40 and its two-hundred day moving average is $240.35. Cheniere Energy, Inc. has a 1-year low of $186.20 and a 1-year 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 given a $0.555 dividend. The ex-dividend date was Monday, May 11th. This represents a $2.22 dividend on an annualized basis and a yield of 0.8%. 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.