Allspring Global Investments Holdings LLC Acquires 123,105 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Allspring Global Investments Holdings LLC raised its stake in Cheniere Energy, Inc. (NYSE:LNGFree Report) by 449.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 150,501 shares of the energy company’s stock after acquiring an additional 123,105 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.07% of Cheniere Energy worth $24,273,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Cheniere Energy by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 22,529,191 shares of the energy company’s stock valued at $3,845,958,000 after purchasing an additional 151,311 shares in the last quarter. Pacer Advisors Inc. boosted its stake in shares of Cheniere Energy by 3.4% in the 4th quarter. Pacer Advisors Inc. now owns 1,950,011 shares of the energy company’s stock valued at $332,886,000 after purchasing an additional 64,297 shares in the last quarter. Norges Bank acquired a new stake in shares of Cheniere Energy in the 4th quarter valued at approximately $308,910,000. Dimensional Fund Advisors LP boosted its stake in shares of Cheniere Energy by 9.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,255,761 shares of the energy company’s stock valued at $214,375,000 after purchasing an additional 108,496 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in shares of Cheniere Energy by 1.6% in the 4th quarter. Wellington Management Group LLP now owns 1,227,400 shares of the energy company’s stock valued at $209,529,000 after purchasing an additional 19,674 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LNG has been the topic of a number of research analyst reports. StockNews.com downgraded shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. Sanford C. Bernstein began coverage on shares of Cheniere Energy in a report on Monday, June 24th. They issued an “outperform” rating for the company. TD Cowen raised their price objective on shares of Cheniere Energy from $178.00 to $185.00 and gave the company a “buy” rating in a report on Monday, June 17th. UBS Group dropped their price objective on shares of Cheniere Energy from $223.00 to $206.00 and set a “buy” rating for the company in a report on Wednesday, April 24th. Finally, Redburn Atlantic began coverage on shares of Cheniere Energy in a report on Tuesday, April 16th. They issued a “neutral” rating and a $162.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $198.64.

Get Our Latest Stock Analysis on Cheniere Energy

Cheniere Energy Stock Performance

Cheniere Energy stock opened at $174.19 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.92 and a debt-to-equity ratio of 2.58. Cheniere Energy, Inc. has a 52-week low of $148.57 and a 52-week high of $183.46. The stock’s 50 day moving average price is $161.21. The company has a market cap of $39.87 billion, a price-to-earnings ratio of 8.48 and a beta of 0.96.

Cheniere Energy (NYSE:LNGGet Free Report) last released its quarterly earnings results on Friday, May 3rd. The energy company reported $2.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.17). The firm had revenue of $4.25 billion for the quarter, compared to the consensus estimate of $3.97 billion. Cheniere Energy had a return on equity of 48.19% and a net margin of 28.55%. The firm’s revenue for the quarter was down 41.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.89 EPS. As a group, equities research analysts predict that Cheniere Energy, Inc. will post 8.33 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Friday, August 9th will be paid a $0.435 dividend. The ex-dividend date is Friday, August 9th. This represents a $1.74 annualized dividend and a dividend yield of 1.00%. Cheniere Energy’s dividend payout ratio is currently 8.48%.

Cheniere Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Cheniere Energy (NYSE:LNG)

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