Morningstar Investment Management LLC Invests $2.84 Million in Cheniere Energy, Inc. $LNG

Morningstar Investment Management LLC purchased a new position in Cheniere Energy, Inc. (NYSE:LNG) during the first quarter, Holdings Channel.com reports. The fund purchased 10,003 shares of the energy company’s stock, valued at approximately $2,838,000.

Several other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in Cheniere Energy during the fourth quarter valued at $731,774,000. Bank of New York Mellon Corp increased its holdings in Cheniere Energy by 174.3% during the 1st quarter. Bank of New York Mellon Corp now owns 2,244,268 shares of the energy company’s stock worth $636,834,000 after acquiring an additional 1,426,058 shares during the period. Marshall Wace LLP increased its holdings in shares of Cheniere Energy by 555.0% in the fourth quarter. Marshall Wace LLP now owns 810,138 shares of the energy company’s stock worth $157,483,000 after purchasing an additional 686,459 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Cheniere Energy by 518.8% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 577,533 shares of the energy company’s stock valued at $112,267,000 after acquiring an additional 484,198 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Cheniere Energy by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 21,219,557 shares of the energy company’s stock worth $4,124,870,000 after purchasing an additional 414,022 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Down 1.0%

NYSE LNG opened at $269.27 on Friday. 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 stock has a market capitalization of $56.43 billion, a PE ratio of 44.29 and a beta of -0.01. Cheniere Energy, Inc. has a 1 year low of $186.20 and a 1 year high of $300.89. The business’s 50-day moving average is $244.52 and its 200 day moving average is $242.07.

Cheniere Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on LNG shares. UBS Group set a $290.00 price target on shares of Cheniere Energy in a report on Wednesday, May 13th. Scotiabank restated an “outperform” rating on shares of Cheniere Energy in a research report on Wednesday, May 13th. JPMorgan Chase & Co. upped their price objective on Cheniere Energy from $327.00 to $334.00 and gave the stock an “overweight” rating in a report on Friday. Jefferies Financial Group boosted their target price on Cheniere Energy from $275.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday, April 7th. Finally, Wall Street Zen raised shares of Cheniere Energy from a “sell” rating to a “hold” rating in a research note on Saturday. Three equities research 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 company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $298.88.

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.