Cheniere Energy, Inc. (NYSE:LNG) is CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT's 3rd Largest Position

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT raised its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 7.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 541,142 shares of the energy company's stock after buying an additional 36,020 shares during the period. Cheniere Energy comprises approximately 7.7% of CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT's holdings, making the stock its 3rd largest position. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT owned approximately 0.24% of Cheniere Energy worth $125,220,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in LNG. Norges Bank purchased a new stake in Cheniere Energy during the 4th quarter valued at $629,197,000. Two Sigma Advisers LP raised its stake in Cheniere Energy by 84.6% during the 4th quarter. Two Sigma Advisers LP now owns 1,651,500 shares of the energy company's stock valued at $354,858,000 after buying an additional 756,900 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Cheniere Energy during the 4th quarter valued at $130,772,000. Proficio Capital Partners LLC raised its stake in Cheniere Energy by 18,281.6% during the 4th quarter. Proficio Capital Partners LLC now owns 575,897 shares of the energy company's stock valued at $123,743,000 after buying an additional 572,764 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Cheniere Energy by 16.1% during the 4th quarter. Invesco Ltd. now owns 3,237,303 shares of the energy company's stock valued at $695,599,000 after buying an additional 450,031 shares during the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on LNG shares. Cowen reiterated a "buy" rating on shares of Cheniere Energy in a research note on Wednesday. Jefferies Financial Group set a $288.00 price objective on shares of Cheniere Energy and gave the company a "buy" rating in a research report on Thursday. JPMorgan Chase & Co. boosted their price objective on shares of Cheniere Energy from $252.00 to $265.00 and gave the company an "overweight" rating in a research report on Monday, April 28th. Argus assumed coverage on shares of Cheniere Energy in a research report on Tuesday, March 18th. They set a "buy" rating and a $255.00 price objective for the company. Finally, Bank of America boosted their price objective on shares of Cheniere Energy from $258.00 to $271.00 and gave the company a "buy" rating in a research report on Wednesday. Two research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $258.36.

Insiders Place Their Bets

In other Cheniere Energy news, Director Neal A. Shear sold 4,300 shares of the business's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $245.93, for a total value of $1,057,499.00. Following the sale, the director now owns 29,733 shares in the company, valued at $7,312,236.69. The trade was a 12.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.26% of the company's stock.

Cheniere Energy Trading Down 0.9%

Shares of Cheniere Energy stock opened at $239.87 on Friday. The company has a market capitalization of $53.20 billion, a P/E ratio of 17.55, a P/E/G ratio of 5.23 and a beta of 0.43. The company has a debt-to-equity ratio of 2.24, a quick ratio of 1.06 and a current ratio of 1.19. The company has a fifty day moving average of $234.64 and a 200 day moving average of $226.29. Cheniere Energy, Inc. has a fifty-two week low of $167.66 and a fifty-two week high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its earnings results on Thursday, May 8th. The energy company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $2.81 by ($1.24). The firm had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $4.73 billion. Cheniere Energy had a return on equity of 32.62% and a net margin of 18.37%. The company's quarterly revenue was up 28.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.13 EPS. On average, sell-side analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Friday, August 8th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Friday, August 8th. Cheniere Energy's payout ratio is currently 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.

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