Cheniere Energy, Inc. $LNG Shares Bought by Entropy Technologies LP

Entropy Technologies LP grew its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 217.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,758 shares of the energy company’s stock after purchasing an additional 42,966 shares during the period. Cheniere Energy makes up about 0.8% of Entropy Technologies LP’s investment portfolio, making the stock its largest position. Entropy Technologies LP’s holdings in Cheniere Energy were worth $17,808,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in LNG. Strive Financial Group LLC purchased a new position in shares of Cheniere Energy in the fourth quarter valued at $25,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Cheniere Energy during the 4th quarter worth $26,000. Financial Life Planners purchased a new stake in Cheniere Energy during the 1st quarter worth $26,000. Caitong International Asset Management Co. Ltd acquired a new position in Cheniere Energy in the 3rd quarter worth $27,000. Finally, Accordant Advisory Group Inc purchased a new position in Cheniere Energy in the 4th quarter valued at about $29,000. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Trading Down 1.0%

NYSE LNG opened at $269.27 on Friday. The company has a market capitalization of $56.43 billion, a price-to-earnings ratio of 44.29 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. Cheniere Energy, Inc. has a 12 month low of $186.20 and a 12 month high of $300.89. The company’s fifty day moving average price is $244.52 and its two-hundred day moving average price is $242.07.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Monday, May 11th were given a dividend of $0.555 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.22 annualized dividend and a dividend yield of 0.8%. Cheniere Energy’s dividend payout ratio (DPR) is presently 36.51%.

Analyst Ratings Changes

Several brokerages have recently weighed in on LNG. Jefferies Financial Group raised their target price on Cheniere Energy from $275.00 to $330.00 and gave the company a “buy” rating in a research note on Tuesday, April 7th. Wall Street Zen upgraded Cheniere Energy from a “sell” rating to a “hold” rating in a research note on Saturday. Benchmark reissued an “outperform” rating on shares of Cheniere Energy in a report on Tuesday, May 26th. Royal Bank Of Canada raised their price objective on Cheniere Energy from $286.00 to $300.00 and gave the company an “outperform” rating in a research note on Tuesday, April 14th. Finally, Morgan Stanley dropped their price objective on Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating on the stock in a report on Tuesday, April 21st. Three 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $298.88.

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.