Meeder Asset Management Inc. Raises Stock Holdings in Cheniere Energy, Inc. $LNG

Meeder Asset Management Inc. increased its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 27,341.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,246 shares of the energy company’s stock after purchasing an additional 25,154 shares during the quarter. Meeder Asset Management Inc.’s holdings in Cheniere Energy were worth $7,164,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Meeder Advisory Services Inc. grew its stake in Cheniere Energy by 21.3% in the first quarter. Meeder Advisory Services Inc. now owns 2,755 shares of the energy company’s stock valued at $782,000 after purchasing an additional 483 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Cheniere Energy by 1.6% in the 1st quarter. Parallel Advisors LLC now owns 7,549 shares of the energy company’s stock valued at $2,142,000 after buying an additional 120 shares in the last quarter. KBC Group NV boosted its holdings in shares of Cheniere Energy by 1.2% in the 1st quarter. KBC Group NV now owns 70,228 shares of the energy company’s stock valued at $19,928,000 after buying an additional 833 shares in the last quarter. Swiss National Bank grew its position in shares of Cheniere Energy by 4.9% in the 1st quarter. Swiss National Bank now owns 631,700 shares of the energy company’s stock worth $179,251,000 after buying an additional 29,400 shares during the last quarter. Finally, Bartlett & CO. Wealth Management LLC grew its position in shares of Cheniere Energy by 37.3% in the 1st quarter. Bartlett & CO. Wealth Management LLC now owns 243 shares of the energy company’s stock worth $66,000 after buying an additional 66 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on LNG shares. Sanford C. Bernstein started coverage on shares of Cheniere Energy in a research note on Tuesday, June 16th. They set a “market perform” rating and a $283.00 price objective for the company. Scotiabank reaffirmed an “outperform” rating on shares of Cheniere Energy in a research report on Wednesday, May 13th. Benchmark reiterated an “outperform” rating on shares of Cheniere Energy in a report on Tuesday, May 26th. Barclays raised their price objective on Cheniere Energy from $271.00 to $274.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, TD Cowen boosted their target price on Cheniere Energy from $270.00 to $280.00 and gave the stock a “buy” rating in a research note on Thursday. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Cheniere Energy currently has a consensus rating of “Buy” and a consensus price target of $298.47.

Cheniere Energy Stock Up 0.1%

LNG stock opened at $262.94 on Monday. The company has a market capitalization of $55.10 billion, a P/E ratio of 43.25 and a beta of -0.01. Cheniere Energy, Inc. has a 12 month low of $186.20 and a 12 month high of $300.89. The firm’s fifty day simple moving average is $241.91 and its 200-day simple moving average is $239.85. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.57 and a quick ratio of 0.48.

Cheniere Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Monday, May 11th were issued a $0.555 dividend. This represents a $2.22 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, May 11th. Cheniere Energy’s dividend payout ratio is presently 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.