Cheniere Energy, Inc. $LNG Stock Holdings Lifted by QRG Capital Management Inc.

QRG Capital Management Inc. increased its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 205.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 42,677 shares of the energy company’s stock after buying an additional 28,712 shares during the period. QRG Capital Management Inc.’s holdings in Cheniere Energy were worth $12,110,000 as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

LNG has been the subject of a number of recent research reports. Jefferies Financial Group upped their price objective on Cheniere Energy from $275.00 to $330.00 and gave the stock a “buy” rating in a research note on Tuesday, April 7th. UBS Group set a $290.00 target price on Cheniere Energy in a research note on Wednesday, May 13th. Zacks Research downgraded shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 10th. Benchmark restated an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, May 26th. Finally, Wolfe Research reaffirmed an “outperform” rating and issued a $300.00 price objective on shares of Cheniere Energy in a report on Tuesday, June 2nd. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $297.71.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $245.93 on Friday. Cheniere Energy, Inc. has a 12-month low of $186.20 and a 12-month high of $300.89. 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 firm has a market capitalization of $51.53 billion, a price-to-earnings ratio of 40.45 and a beta of -0.01. The business has a 50 day simple moving average of $242.25 and a 200 day simple moving average of $234.70.

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Monday, May 11th were issued a $0.555 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.22 annualized dividend and a yield of 0.9%. Cheniere Energy’s dividend payout ratio is presently 36.51%.

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.