Cheniere Energy, Inc. $LNG Shares Acquired by Allianz Asset Management GmbH

Allianz Asset Management GmbH lifted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 12.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,460,762 shares of the energy company’s stock after acquiring an additional 163,861 shares during the quarter. Allianz Asset Management GmbH owned 0.66% of Cheniere Energy worth $343,250,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Assetmark Inc. lifted its stake in Cheniere Energy by 718.1% in the second quarter. Assetmark Inc. now owns 1,669 shares of the energy company’s stock worth $406,000 after acquiring an additional 1,465 shares during the last quarter. Morningstar Investment Management LLC purchased a new stake in shares of Cheniere Energy in the 2nd quarter valued at approximately $1,723,000. Railway Pension Investments Ltd lifted its position in shares of Cheniere Energy by 62.9% during the 3rd quarter. Railway Pension Investments Ltd now owns 777,200 shares of the energy company’s stock worth $182,626,000 after purchasing an additional 300,100 shares during the last quarter. Nordea Investment Management AB lifted its position in shares of Cheniere Energy by 3.9% during the 2nd quarter. Nordea Investment Management AB now owns 109,285 shares of the energy company’s stock worth $26,360,000 after purchasing an additional 4,083 shares during the last quarter. Finally, Baird Financial Group Inc. increased its holdings in Cheniere Energy by 9.5% in the second quarter. Baird Financial Group Inc. now owns 97,267 shares of the energy company’s stock valued at $23,686,000 after buying an additional 8,449 shares during the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Trading Down 1.7%

LNG opened at $207.86 on Tuesday. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 1.94. Cheniere Energy, Inc. has a 52 week low of $186.20 and a 52 week high of $246.42. The business’s 50 day moving average is $199.38 and its two-hundred day moving average is $217.85. The firm has a market cap of $44.74 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 6.60 and a beta of 0.26.

Cheniere Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Investors of record on Friday, February 6th will be given a $0.555 dividend. The ex-dividend date is Friday, February 6th. This represents a $2.22 annualized dividend and a yield of 1.1%. Cheniere Energy’s dividend payout ratio is 12.37%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on LNG. Citigroup cut their price target on Cheniere Energy from $283.00 to $280.00 and set a “buy” rating on the stock in a research note on Monday, January 12th. Bank of America cut their target price on Cheniere Energy from $274.00 to $271.00 and set a “buy” rating on the stock in a research report on Thursday, December 11th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $275.00 price target on shares of Cheniere Energy in a report on Monday, November 3rd. Royal Bank Of Canada dropped their price target on shares of Cheniere Energy from $282.00 to $271.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 28th. Finally, Erste Group Bank downgraded shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $264.24.

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.