Cheniere Energy, Inc. (NYSE:LNG) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC grew its position in Cheniere Energy, Inc. (NYSE:LNG) by 32.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 682 shares of the energy company’s stock after purchasing an additional 167 shares during the period. GAMMA Investing LLC’s holdings in Cheniere Energy were worth $119,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Allworth Financial LP lifted its position in Cheniere Energy by 2.9% during the 4th quarter. Allworth Financial LP now owns 6,478 shares of the energy company’s stock worth $1,106,000 after acquiring an additional 184 shares in the last quarter. New York State Teachers Retirement System lifted its position in Cheniere Energy by 1.1% during the 4th quarter. New York State Teachers Retirement System now owns 11,985 shares of the energy company’s stock worth $2,046,000 after acquiring an additional 128 shares in the last quarter. Stratos Wealth Partners LTD. lifted its position in Cheniere Energy by 1.5% during the 4th quarter. Stratos Wealth Partners LTD. now owns 6,413 shares of the energy company’s stock worth $1,095,000 after acquiring an additional 96 shares in the last quarter. Meeder Advisory Services Inc. lifted its position in Cheniere Energy by 23.3% during the 4th quarter. Meeder Advisory Services Inc. now owns 1,562 shares of the energy company’s stock worth $267,000 after acquiring an additional 295 shares in the last quarter. Finally, Bleakley Financial Group LLC lifted its position in Cheniere Energy by 7.4% during the 4th quarter. Bleakley Financial Group LLC now owns 4,632 shares of the energy company’s stock worth $791,000 after acquiring an additional 318 shares in the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Trading Up 2.5 %

Shares of LNG stock opened at $176.54 on Wednesday. The company has a debt-to-equity ratio of 2.58, a quick ratio of 0.92 and a current ratio of 0.98. The firm has a market capitalization of $40.41 billion, a PE ratio of 8.60 and a beta of 0.96. The stock has a fifty day moving average of $170.06 and a two-hundred day moving average of $163.76. Cheniere Energy, Inc. has a 1 year low of $152.31 and a 1 year high of $184.62.

Cheniere Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Friday, August 9th will be issued a $0.435 dividend. The ex-dividend date of this dividend is Friday, August 9th. This represents a $1.74 annualized dividend and a dividend yield of 0.99%. Cheniere Energy’s dividend payout ratio (DPR) is 8.48%.

Cheniere Energy announced that its Board of Directors has authorized a stock buyback plan on Monday, June 17th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the energy company to reacquire up to 9.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several research firms recently commented on LNG. UBS Group reduced their price target on Cheniere Energy from $223.00 to $206.00 and set a “buy” rating on the stock in a research report on Wednesday, April 24th. Barclays lifted their price objective on Cheniere Energy from $194.00 to $199.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. JPMorgan Chase & Co. lifted their price objective on Cheniere Energy from $213.00 to $214.00 and gave the stock an “overweight” rating in a report on Friday, May 17th. TD Cowen lifted their price objective on Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, June 17th. Finally, Sanford C. Bernstein initiated coverage on Cheniere Energy in a report on Monday, June 24th. They set an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, Cheniere Energy currently has an average rating of “Moderate Buy” and an average price target of $199.09.

About Cheniere Energy

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.