HB Wealth Management LLC Has $1.48 Million Position in Cheniere Energy, Inc. $LNG

HB Wealth Management LLC boosted its stake in Cheniere Energy, Inc. (NYSE:LNG) by 71.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,223 shares of the energy company’s stock after purchasing an additional 2,183 shares during the quarter. HB Wealth Management LLC’s holdings in Cheniere Energy were worth $1,482,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in LNG. Brighton Jones LLC bought a new position in shares of Cheniere Energy during the 4th quarter worth about $335,000. Bank of Nova Scotia raised its stake in Cheniere Energy by 13.3% during the 2nd quarter. Bank of Nova Scotia now owns 8,825 shares of the energy company’s stock worth $2,149,000 after buying an additional 1,035 shares during the period. Sei Investments Co. boosted its holdings in Cheniere Energy by 23.1% in the second quarter. Sei Investments Co. now owns 183,153 shares of the energy company’s stock worth $44,600,000 after acquiring an additional 34,422 shares in the last quarter. Treasurer of the State of North Carolina grew its stake in Cheniere Energy by 0.8% in the second 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 acquiring an additional 805 shares during the period. Finally, Ieq Capital LLC grew its stake 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 acquiring an additional 16,977 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Zacks Research cut Cheniere Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 10th. Jefferies Financial Group upped their price objective on shares of Cheniere Energy from $275.00 to $330.00 and gave the stock a “buy” rating in a report on Tuesday, April 7th. Wall Street Zen cut shares of Cheniere Energy from a “hold” rating to a “sell” rating in a report on Saturday, June 27th. Royal Bank Of Canada boosted their target price on shares of Cheniere Energy from $286.00 to $300.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 14th. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $300.00 price target on shares of Cheniere Energy in a research report on Tuesday, June 2nd. Two research 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, Cheniere Energy currently has a consensus rating of “Moderate Buy” and an average price target of $297.71.

Cheniere Energy Stock Performance

Shares of Cheniere Energy stock opened at $254.90 on Wednesday. The business’s fifty day simple moving average is $241.98 and its 200 day simple moving average is $235.88. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 2.55. Cheniere Energy, Inc. has a 12 month low of $186.20 and a 12 month high of $300.89. The firm has a market capitalization of $53.41 billion, a P/E ratio of 41.92 and a beta of -0.01.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Monday, May 11th were issued a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, May 11th. Cheniere Energy’s payout ratio is 36.51%.

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.