Royal Fund Management LLC Has $2.53 Million Holdings in Cheniere Energy, Inc. $LNG

Royal Fund Management LLC lessened its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 51.3% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,924 shares of the energy company’s stock after selling 9,388 shares during the period. Royal Fund Management LLC’s holdings in Cheniere Energy were worth $2,532,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in LNG. Strive Financial Group LLC bought a new position in shares of Cheniere Energy during the fourth quarter worth approximately $25,000. Kohmann Bosshard Financial Services LLC acquired a new stake in Cheniere Energy during the 4th quarter worth approximately $26,000. Financial Life Planners bought a new stake in Cheniere Energy in the 1st quarter valued at $26,000. Caitong International Asset Management Co. Ltd bought a new stake in Cheniere Energy in the 3rd quarter valued at $27,000. Finally, Accordant Advisory Group Inc acquired a new position in Cheniere Energy in the 4th quarter valued at $29,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

LNG has been the topic of several recent research reports. TD Cowen increased their price objective on Cheniere Energy from $270.00 to $280.00 and gave the stock a “buy” rating in a research report on Thursday, July 16th. Zacks Research upgraded shares of Cheniere Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. Barclays upped their price target on shares of Cheniere Energy from $271.00 to $274.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Wall Street Zen upgraded shares of Cheniere Energy from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Finally, 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 report on Thursday, April 2nd. Three research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $298.88.

Cheniere Energy Stock Performance

NYSE:LNG opened at $258.99 on Thursday. The company has a market cap of $54.27 billion, a price-to-earnings ratio of 42.60 and a beta of -0.01. Cheniere Energy, Inc. has a fifty-two week low of $186.20 and a fifty-two week high of $300.89. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.48 and a current ratio of 0.57. The stock has a fifty day moving average price of $245.08 and a 200-day moving average price of $243.64.

Cheniere Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 18th. Shareholders of record on Monday, August 10th will be issued a $0.555 dividend. This represents a $2.22 annualized dividend 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 currently 36.51%.

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.