Cheniere Energy, Inc. $LNG Shares Acquired by United Asset Strategies Inc.

United Asset Strategies Inc. raised its stake in Cheniere Energy, Inc. (NYSE:LNG) by 9.7% during the 1st quarter, HoldingsChannel reports. The firm owned 28,950 shares of the energy company’s stock after acquiring an additional 2,554 shares during the period. United Asset Strategies Inc.’s holdings in Cheniere Energy were worth $8,215,000 as of its most recent filing with the Securities and Exchange Commission.

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

Cheniere Energy Stock Performance

Shares of NYSE:LNG traded up $7.35 during trading on Tuesday, hitting $253.44. 673,622 shares of the company traded hands, compared to its average volume of 2,583,055. Cheniere Energy, Inc. has a one year low of $186.20 and a one year high of $300.89. 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’s fifty day moving average is $242.25 and its 200-day moving average is $235.02. The stock has a market capitalization of $53.11 billion, a price-to-earnings ratio of 41.68 and a beta of -0.01.

Cheniere Energy Dividend Announcement

The firm also recently disclosed 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 was Monday, May 11th. This represents a $2.22 annualized dividend and a dividend yield of 0.9%. Cheniere Energy’s payout ratio is currently 36.51%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on LNG shares. Citigroup boosted their target price on Cheniere Energy from $280.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, April 2nd. Royal Bank Of Canada raised their target price on Cheniere Energy from $286.00 to $300.00 and gave the company an “outperform” rating in a report on Tuesday, April 14th. Bank of America boosted their price target on Cheniere Energy from $296.00 to $322.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Zacks Research cut Cheniere Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 10th. Finally, Morgan Stanley cut their price target on Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 21st. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $297.71.

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.