Cheniere Energy, Inc. (NYSE:LNG) Shares Purchased by abrdn plc

abrdn plc grew its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 3.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 936,025 shares of the energy company’s stock after purchasing an additional 29,641 shares during the period. abrdn plc owned approximately 0.42% of Cheniere Energy worth $199,439,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Miracle Mile Advisors LLC purchased a new stake in shares of Cheniere Energy during the 4th quarter worth approximately $2,127,000. Anderson Hoagland & Co. purchased a new stake in Cheniere Energy during the fourth quarter worth $2,460,000. Insight Wealth Strategies LLC purchased a new stake in Cheniere Energy during the fourth quarter worth $4,455,000. Kathmere Capital Management LLC acquired a new stake in Cheniere Energy in the fourth quarter valued at $245,000. Finally, Covea Finance increased its position in shares of Cheniere Energy by 18.8% in the fourth quarter. Covea Finance now owns 121,400 shares of the energy company’s stock valued at $26,085,000 after buying an additional 19,200 shares in the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on LNG shares. Barclays lifted their target price on shares of Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. UBS Group lifted their price objective on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Morgan Stanley increased their target price on Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a report on Friday. Wells Fargo & Company boosted their price target on Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Finally, Scotiabank lifted their price objective on Cheniere Energy from $242.00 to $247.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, Cheniere Energy currently has a consensus rating of “Moderate Buy” and an average target price of $234.25.

Cheniere Energy Stock Up 2.7 %

Shares of NYSE LNG opened at $229.77 on Tuesday. The stock has a market capitalization of $51.55 billion, a PE ratio of 14.67 and a beta of 0.98. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The firm has a fifty day moving average of $223.15 and a 200-day moving average of $199.63. Cheniere Energy, Inc. has a 52-week low of $152.31 and a 52-week high of $257.65.

Cheniere Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Friday, February 7th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, February 7th. This represents a $2.00 annualized dividend and a yield of 0.87%. Cheniere Energy’s dividend payout ratio is presently 12.77%.

Cheniere Energy Company Profile

Cheniere Energy, Inc, an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas. The company also owns Creole Trail pipeline, a 94-mile natural gas supply pipeline that interconnects the Sabine Pass LNG Terminal with several interstate and intrastate pipelines; and operates Corpus Christi pipeline, a 21.5-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.