Cheniere Energy, Inc. $LNG Stock Position Lowered by Sanctuary Advisors LLC

Sanctuary Advisors LLC lessened its position in Cheniere Energy, Inc. (NYSE:LNG) by 32.2% in the 1st quarter, Holdings Channel reports. The fund owned 50,735 shares of the energy company’s stock after selling 24,055 shares during the period. Sanctuary Advisors LLC’s holdings in Cheniere Energy were worth $14,397,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Financial Life Planners purchased a new stake in shares of Cheniere Energy in the first quarter valued at $26,000. Caitong International Asset Management Co. Ltd acquired a new position in Cheniere Energy during the third quarter valued at $27,000. Strive Financial Group LLC acquired a new position in Cheniere Energy during the fourth quarter valued at $25,000. Kohmann Bosshard Financial Services LLC purchased a new stake in Cheniere Energy in the 4th quarter worth about $26,000. Finally, Valued Wealth Advisors LLC lifted its stake in Cheniere Energy by 100.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 140 shares of the energy company’s stock worth $40,000 after acquiring an additional 70 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Price Performance

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 stock has a market capitalization of $54.25 billion, a PE ratio of 42.58 and a beta of -0.01. Cheniere Energy, Inc. has a 12-month low of $186.20 and a 12-month high of $300.89. The company has a 50 day moving average price of $241.45 and a two-hundred day moving average price of $239.35.

Cheniere Energy Dividend Announcement

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

Analyst Ratings Changes

Several research firms have weighed in on LNG. Barclays lifted their target price on Cheniere Energy from $271.00 to $274.00 and gave the company an “overweight” rating in a research note on Wednesday. Bank of America raised their price target on shares of Cheniere Energy from $296.00 to $322.00 and gave the stock a “buy” rating in a report on Friday, March 20th. Citigroup boosted their price objective on shares of Cheniere Energy from $280.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, April 2nd. TD Cowen upped their price objective on shares of Cheniere Energy from $270.00 to $280.00 and gave the company a “buy” rating in a research note on Thursday. Finally, UBS Group set a $290.00 target price on shares of Cheniere Energy in a research report on Wednesday, May 13th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Cheniere Energy currently has an average rating of “Buy” and an average price target of $298.47.

Cheniere Energy Company 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.