IFS Group LLC Acquires Shares of 4,550 Cheniere Energy, Inc. $LNG

IFS Group LLC acquired a new stake in Cheniere Energy, Inc. (NYSE:LNG) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,550 shares of the energy company’s stock, valued at approximately $1,291,000. Cheniere Energy accounts for about 1.1% of IFS Group LLC’s investment portfolio, making the stock its 25th biggest position.

A number of other hedge funds also recently modified their holdings of the stock. Trivium Point Advisory LLC grew its position in shares of Cheniere Energy by 38.8% in the fourth quarter. Trivium Point Advisory LLC now owns 56,930 shares of the energy company’s stock valued at $11,067,000 after purchasing an additional 15,927 shares during the last quarter. J. Safra Sarasin Holding AG lifted its holdings in Cheniere Energy by 227.7% during the 4th quarter. J. Safra Sarasin Holding AG now owns 15,505 shares of the energy company’s stock worth $3,014,000 after purchasing an additional 10,774 shares during the last quarter. Sovereign Financial Group Inc. bought a new stake in Cheniere Energy in the 1st quarter valued at $1,472,000. Thrivent Financial for Lutherans boosted its stake in Cheniere Energy by 17.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 76,812 shares of the energy company’s stock valued at $14,930,000 after purchasing an additional 11,270 shares during the period. Finally, Norges Bank acquired a new position in Cheniere Energy in the 4th quarter valued at $731,774,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Trading Up 2.7%

Shares of Cheniere Energy stock opened at $258.99 on Thursday. The company has a market capitalization of $54.27 billion, a price-to-earnings ratio of 42.60 and a beta of -0.01. The company has a quick ratio of 0.48, a current ratio of 0.57 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’s 50-day moving average price is $245.08 and its two-hundred day moving average price is $243.64.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 18th. Investors of record on Monday, August 10th will be paid a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Monday, August 10th. Cheniere Energy’s dividend payout ratio (DPR) is 36.51%.

Analysts Set New Price Targets

LNG has been the topic of several recent research reports. Jefferies Financial Group increased their price objective on Cheniere Energy from $275.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday, April 7th. Royal Bank Of Canada upped their price target on shares of Cheniere Energy from $286.00 to $300.00 and gave the company an “outperform” rating in a research note on Tuesday, April 14th. Benchmark reaffirmed an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, May 26th. Zacks Research raised shares of Cheniere Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 13th. Finally, Scotiabank reiterated an “outperform” rating on shares of Cheniere Energy in a research note on Wednesday, May 13th. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock 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.