Cheniere Energy, Inc. $LNG Shares Sold by Sei Investments Co.

Sei Investments Co. lessened its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 7.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 156,403 shares of the energy company’s stock after selling 12,849 shares during the quarter. Sei Investments Co.’s holdings in Cheniere Energy were worth $44,384,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of LNG. Brighton Jones LLC acquired a new position in Cheniere Energy in the 4th quarter worth approximately $335,000. Bank of Nova Scotia lifted 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 valued at $2,149,000 after acquiring an additional 1,035 shares during the period. Treasurer of the State of North Carolina lifted its stake in Cheniere Energy by 0.8% during the 2nd 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. Ieq Capital LLC boosted its holdings in shares of Cheniere Energy by 87.0% in the 2nd 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 last quarter. Finally, HUB Investment Partners LLC boosted its holdings in shares of Cheniere Energy by 7.9% in the 2nd quarter. HUB Investment Partners LLC now owns 3,915 shares of the energy company’s stock valued at $953,000 after acquiring an additional 287 shares during the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Price Performance

NYSE:LNG opened at $269.27 on Monday. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.57 and a quick ratio of 0.48. The firm has a market cap of $56.43 billion, a price-to-earnings ratio of 44.29 and a beta of -0.01. The company has a 50 day moving average price of $244.52 and a 200-day moving average price of $242.37. Cheniere Energy, Inc. has a 1-year low of $186.20 and a 1-year high of $300.89.

Cheniere Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Weiss Ratings cut shares of Cheniere Energy from a “buy (b)” rating to a “hold (c)” rating in a report on Monday, May 11th. Jefferies Financial Group upped their price target on shares of Cheniere Energy from $275.00 to $330.00 and gave the company a “buy” rating in a report on Tuesday, April 7th. Benchmark reaffirmed an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, May 26th. UBS Group set a $290.00 price target on Cheniere Energy in a research report on Wednesday, May 13th. Finally, Morgan Stanley reduced their price objective on Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating for the company in a research note on Tuesday, April 21st. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Cheniere Energy presently has an average rating of “Buy” and a consensus price target of $298.88.

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.