Sei Investments Co. Trims Stake in Cheniere Energy, Inc. $LNG

Sei Investments Co. cut its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 7.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 156,403 shares of the energy company's stock after selling 12,849 shares during the period. Sei Investments Co. owned about 0.07% of Cheniere Energy worth $44,384,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in LNG. Vanguard Group Inc. raised its holdings in shares of Cheniere Energy by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 21,219,557 shares of the energy company's stock valued at $4,124,870,000 after acquiring an additional 414,022 shares in the last quarter. State Street Corp lifted its position in shares of Cheniere Energy by 2.8% in the 4th quarter. State Street Corp now owns 6,174,695 shares of the energy company's stock worth $1,200,299,000 after purchasing an additional 167,622 shares during the period. Norges Bank bought a new position in shares of Cheniere Energy during the fourth quarter valued at approximately $731,774,000. Victory Capital Management Inc. boosted its stake in shares of Cheniere Energy by 12.5% during the fourth quarter. Victory Capital Management Inc. now owns 2,279,078 shares of the energy company's stock valued at $443,031,000 after purchasing an additional 253,469 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Cheniere Energy by 6.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,263,826 shares of the energy company's stock valued at $440,047,000 after buying an additional 134,695 shares during the period. Institutional investors own 87.26% of the company's stock.

Cheniere Energy Trading Down 0.2%

NYSE:LNG opened at $269.27 on Monday. The stock has a market capitalization of $56.43 billion, a price-to-earnings ratio of 44.29 and a beta of -0.01. Cheniere Energy, Inc. has a 52 week low of $186.20 and a 52 week high of $300.89. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 2.55. The firm has a 50 day moving average of $244.52 and a 200 day moving average of $242.37.

Cheniere Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Monday, May 11th were issued a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Monday, May 11th. Cheniere Energy's dividend payout ratio is currently 36.51%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on LNG shares. Sanford C. Bernstein began coverage on shares of Cheniere Energy in a research note on Tuesday, June 16th. They issued a "market perform" rating and a $283.00 price objective for the company. Benchmark reiterated an "outperform" rating on shares of Cheniere Energy in a report on Tuesday, May 26th. Zacks Research raised Cheniere Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 13th. Royal Bank Of Canada upped their price objective on Cheniere Energy from $286.00 to $300.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 14th. Finally, Jefferies Financial Group lifted their target price on Cheniere Energy from $275.00 to $330.00 and gave the company a "buy" rating in a research note on Tuesday, April 7th. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus target price of $298.88.

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.

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