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
|2023-03-31||Vanguard Group, Inc. (The)||10%||23,516,371||$3,405,641,020|
|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||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||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.