Amova Asset Management Americas Inc. Makes New Investment in Cheniere Energy, Inc. $LNG

Amova Asset Management Americas Inc. bought a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG) during the 1st quarter, according to its most recent filing with the SEC. The firm bought 2,961 shares of the energy company’s stock, valued at approximately $840,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Strive Financial Group LLC acquired a new position in shares of Cheniere Energy in the 4th quarter valued at approximately $25,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Cheniere Energy during the fourth quarter worth approximately $26,000. Financial Life Planners acquired a new stake in shares of Cheniere Energy during the first quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Cheniere Energy in the third quarter worth $27,000. Finally, Accordant Advisory Group Inc bought a new stake in shares of Cheniere Energy in the fourth quarter worth $29,000. 87.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

LNG has been the topic of a number of recent analyst reports. Barclays upped their target price on shares of Cheniere Energy from $271.00 to $274.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Wolfe Research reissued an “outperform” rating and issued a $300.00 price objective on shares of Cheniere Energy in a report on Tuesday, June 2nd. JPMorgan Chase & Co. upped their price objective on Cheniere Energy from $325.00 to $327.00 and gave the company an “overweight” rating in a research note on Wednesday, June 3rd. Benchmark restated an “outperform” rating on shares of Cheniere Energy in a research note on Tuesday, May 26th. Finally, Morgan Stanley reduced their target price on Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating on the stock in a report on Tuesday, April 21st. Three analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Cheniere Energy currently has a consensus rating of “Buy” and an average price target of $298.47.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $263.18 on Wednesday. Cheniere Energy, Inc. has a 12-month low of $186.20 and a 12-month high of $300.89. The firm has a market capitalization of $55.15 billion, a price-to-earnings ratio of 43.29 and a beta of -0.01. The business has a 50 day simple moving average of $242.78 and a 200 day simple moving average of $240.84. 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 Announces Dividend

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