Healthcare of Ontario Pension Plan Trust Fund Acquires New Position in Cheniere Energy, Inc. $LNG

Healthcare of Ontario Pension Plan Trust Fund bought a new position in Cheniere Energy, Inc. (NYSE:LNG) in the first quarter, according to its most recent filing with the SEC. The firm bought 20,215 shares of the energy company’s stock, valued at approximately $5,736,000.

Other large investors also recently bought and sold shares of the company. Financial Life Planners acquired a new stake in shares of Cheniere Energy during the first quarter worth $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Cheniere Energy during the third quarter valued at $27,000. Strive Financial Group LLC acquired a new position in shares of Cheniere Energy in the 4th quarter valued at $25,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Cheniere Energy in the 4th quarter valued at $26,000. Finally, Valued Wealth Advisors LLC raised its stake in Cheniere Energy by 100.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 140 shares of the energy company’s stock worth $40,000 after acquiring an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Price Performance

NYSE:LNG opened at $258.99 on Thursday. Cheniere Energy, Inc. has a one year low of $186.20 and a one year 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 firm has a market cap of $54.27 billion, a price-to-earnings ratio of 42.60 and a beta of -0.01. The firm’s fifty day moving average is $245.08 and its two-hundred day moving average is $243.64.

Cheniere Energy Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have commented on LNG. UBS Group set a $290.00 price target on Cheniere Energy in a research report on Wednesday, May 13th. Morgan Stanley cut their price objective on Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating on the stock in a report on Tuesday, April 21st. Zacks Research upgraded Cheniere Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. Weiss Ratings downgraded Cheniere Energy from a “buy (b)” rating to a “hold (c)” rating in a report on Monday, May 11th. Finally, Wall Street Zen upgraded Cheniere Energy from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $298.88.

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.