Allspring Global Investments Holdings LLC Sells 58,901 Shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG)

Allspring Global Investments Holdings LLC decreased its holdings in Cheniere Energy, Inc. (NYSEAMERICAN:LNGGet Rating) by 41.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 82,059 shares of the energy company’s stock after selling 58,901 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Cheniere Energy were worth $10,915,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in shares of Cheniere Energy by 1.1% during the first quarter. Vanguard Group Inc. now owns 21,330,395 shares of the energy company’s stock worth $2,957,460,000 after purchasing an additional 223,024 shares in the last quarter. State Street Corp increased its position in shares of Cheniere Energy by 13.6% during the first quarter. State Street Corp now owns 6,934,156 shares of the energy company’s stock worth $961,421,000 after purchasing an additional 830,898 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Cheniere Energy by 145.3% during the first quarter. JPMorgan Chase & Co. now owns 3,423,223 shares of the energy company’s stock worth $474,631,000 after purchasing an additional 2,027,899 shares in the last quarter. Invesco Ltd. increased its position in shares of Cheniere Energy by 50.9% during the first quarter. Invesco Ltd. now owns 3,151,919 shares of the energy company’s stock worth $437,015,000 after purchasing an additional 1,063,577 shares in the last quarter. Finally, CI Investments Inc. increased its position in shares of Cheniere Energy by 0.3% during the first quarter. CI Investments Inc. now owns 3,058,688 shares of the energy company’s stock worth $424,087,000 after purchasing an additional 10,353 shares in the last quarter. Institutional investors own 88.17% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on LNG shares. Mizuho boosted their price objective on shares of Cheniere Energy from $167.00 to $174.00 and gave the company a “buy” rating in a report on Tuesday, September 13th. Stifel Nicolaus boosted their price objective on shares of Cheniere Energy from $159.00 to $201.00 and gave the company a “buy” rating in a report on Monday, September 19th. Raymond James boosted their price objective on shares of Cheniere Energy from $175.00 to $178.00 and gave the company a “strong-buy” rating in a report on Friday, August 5th. Barclays boosted their price objective on shares of Cheniere Energy from $186.00 to $200.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Royal Bank of Canada boosted their price objective on shares of Cheniere Energy from $184.00 to $199.00 and gave the company an “outperform” rating in a report on Wednesday, September 14th. Nine research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $186.91.

Cheniere Energy Price Performance

LNG stock opened at $170.55 on Friday. The company has a debt-to-equity ratio of 24.30, a quick ratio of 0.93 and a current ratio of 1.08. Cheniere Energy, Inc. has a 52-week low of $97.85 and a 52-week high of $178.62. The stock has a market cap of $42.60 billion, a PE ratio of -18.44 and a beta of 1.26.

Cheniere Energy (NYSEAMERICAN:LNGGet Rating) last posted its earnings results on Thursday, August 4th. The energy company reported $2.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.83 by $0.07. Cheniere Energy had a negative net margin of 14.77% and a positive return on equity of 30.72%. The business had revenue of $8.01 billion for the quarter, compared to analyst estimates of $6.42 billion. During the same period in the prior year, the company posted ($1.30) EPS. The company’s revenue for the quarter was up 165.4% on a year-over-year basis. On average, sell-side analysts forecast that Cheniere Energy, Inc. will post 10.91 EPS for the current year.

Cheniere Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 16th. Investors of record on Tuesday, November 8th will be given a dividend of $0.395 per share. This represents a $1.58 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Monday, November 7th. This is an increase from Cheniere Energy’s previous quarterly dividend of $0.33. Cheniere Energy’s dividend payout ratio is -14.27%.

Insider Buying and Selling

In related news, SVP Aaron D. Stephenson sold 3,000 shares of the company’s stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $168.21, for a total transaction of $504,630.00. Following the completion of the transaction, the senior vice president now owns 56,016 shares in the company, valued at approximately $9,422,451.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.66% of the company’s stock.

Cheniere Energy Profile

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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 pipeline interconnecting the Sabine Pass LNG terminal with various interstate 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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Institutional Ownership by Quarter for Cheniere Energy (NYSEAMERICAN:LNG)

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