Shares of Cheniere Energy Are Plummeting - Will This Trend Continue?

This afternoon we watched Cheniere Energy drop -1.6% to a price of $144.82 per share. The large-cap Oil & Gas Transmission company is now trading -27.55% below its average target price of $199.89. Analysts have set target prices ranging from $173.0 to $236.0 per share for Cheniere Energy, and have given the stock an average rating of buy.

The stock has a very low short interest at 1.2%, and a short ratio of 1.74. The company's insiders own 0.79% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 88.2% of Cheniere Energy's shares being owned by this investor type.

Institutions Invested in Cheniere Energy

Date Reported Holder Percentage Shares Value
2023-03-31 Vanguard Group, Inc. (The) 10% 23,516,371 $3,405,641,020
2023-03-31 Blackrock Inc. 9% 22,604,099 $3,273,525,782
2023-03-31 FMR, LLC 5% 11,260,165 $1,630,697,177
2023-03-31 JP Morgan Chase & Company 3% 6,467,856 $936,674,953
2023-03-31 State Street Corporation 3% 6,460,391 $935,593,871
2023-03-31 Blackstone Inc 3% 6,167,974 $893,246,039
2023-03-31 Manufacturers Life Insurance Co. 2% 3,989,706 $577,789,252
2023-03-31 Tortoise Capital Advisors, LLC 1% 3,548,411 $513,880,907
2023-03-31 Morgan Stanley 1% 3,409,316 $493,737,168
2023-03-31 Geode Capital Management, LLC 1% 3,363,669 $487,126,569

Besides an analyst consensus of strong upside potential, other market factors point to there being positive market sentiment on Cheniere Energy.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.