Allspring Global Investments Holdings LLC Raises Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Allspring Global Investments Holdings LLC grew its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 81.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 356,424 shares of the energy company's stock after purchasing an additional 159,836 shares during the period. Allspring Global Investments Holdings LLC owned about 0.16% of Cheniere Energy worth $82,316,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of LNG. WR Wealth Planners LLC increased its holdings in shares of Cheniere Energy by 373.1% in the 4th quarter. WR Wealth Planners LLC now owns 123 shares of the energy company's stock valued at $26,000 after acquiring an additional 97 shares during the period. REAP Financial Group LLC increased its stake in shares of Cheniere Energy by 150.0% in the fourth quarter. REAP Financial Group LLC now owns 125 shares of the energy company's stock worth $27,000 after acquiring an additional 75 shares during the period. Kohmann Bosshard Financial Services LLC purchased a new position in Cheniere Energy during the fourth quarter valued at approximately $29,000. Banque Transatlantique SA purchased a new position in Cheniere Energy in the fourth quarter valued at $32,000. Finally, Ameriflex Group Inc. acquired a new position in shares of Cheniere Energy during the 4th quarter worth approximately $42,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Stifel Nicolaus reduced their price objective on Cheniere Energy from $255.00 to $247.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. UBS Group reissued a "buy" rating and issued a $277.00 price objective on shares of Cheniere Energy in a report on Tuesday, March 18th. Wall Street Zen downgraded shares of Cheniere Energy from a "buy" rating to a "hold" rating in a research note on Friday, May 9th. Wolfe Research cut shares of Cheniere Energy from an "outperform" rating to a "peer perform" rating in a research note on Wednesday, April 30th. Finally, TD Cowen raised their price target on shares of Cheniere Energy from $260.00 to $265.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Two research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $258.36.

Insider Buying and Selling at Cheniere Energy

In other Cheniere Energy news, Director Neal A. Shear sold 4,300 shares of Cheniere Energy stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $245.93, for a total transaction of $1,057,499.00. Following the completion of the sale, the director now directly owns 29,733 shares of the company's stock, valued at $7,312,236.69. The trade was a 12.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.26% of the company's stock.

Cheniere Energy Trading Up 0.2%

Shares of NYSE:LNG traded up $0.46 during mid-day trading on Monday, reaching $240.46. 137,700 shares of the company were exchanged, compared to its average volume of 2,152,246. The firm's 50-day simple moving average is $234.64 and its 200 day simple moving average is $226.45. Cheniere Energy, Inc. has a 1 year low of $167.66 and a 1 year high of $257.65. The company has a debt-to-equity ratio of 2.24, a current ratio of 1.19 and a quick ratio of 1.06. The firm has a market cap of $53.33 billion, a price-to-earnings ratio of 17.59 and a beta of 0.43.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The energy company reported $1.57 EPS for the quarter, missing analysts' consensus estimates of $2.81 by ($1.24). Cheniere Energy had a return on equity of 32.62% and a net margin of 18.37%. The company had revenue of $5.44 billion for the quarter, compared to analyst estimates of $4.73 billion. During the same period in the prior year, the firm posted $2.13 earnings per share. The business's quarterly revenue was up 28.0% compared to the same quarter last year. Equities research analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Friday, August 8th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.83%. The ex-dividend date is Friday, August 8th. Cheniere Energy's dividend payout ratio (DPR) is presently 14.63%.

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.