This afternoon we watched Cheniere Energy drop -4.0% to a price of $174.4 per share. The large-cap Oil & Gas Transmission company is now trading -13.39% below its average target price of $201.36. Analysts have set target prices ranging from $185.0 to $228.0 per share for Cheniere Energy, and have given the stock an average rating of buy.
The stock has a very low short interest at 1.1%, and a short ratio of 1.87. 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 87.2% of Cheniere Energy's shares being owned by this investor type.
Institutions Invested in Cheniere Energy
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2023-09-30 | Vanguard Group Inc | 9% | 22,377,880 | $3,902,590,478 |
| 2023-09-30 | Blackrock Inc. | 9% | 22,265,170 | $3,882,934,417 |
| 2023-09-30 | FMR, LLC | 4% | 10,312,337 | $1,798,420,055 |
| 2023-09-30 | JP Morgan Chase & Company | 3% | 7,071,114 | $1,233,166,956 |
| 2023-09-30 | State Street Corporation | 3% | 6,462,715 | $1,127,065,210 |
| 2023-09-30 | Blackstone Inc | 3% | 6,014,253 | $1,048,855,677 |
| 2023-09-30 | T. Rowe Price Investment Management, Inc. | 2% | 4,590,847 | $800,620,782 |
| 2023-09-30 | Manufacturers Life Insurance Co. | 2% | 4,052,497 | $706,735,231 |
| 2023-09-30 | Morgan Stanley | 2% | 3,761,325 | $655,956,289 |
| 2023-09-30 | Geode Capital Management, LLC | 1% | 3,459,643 | $603,344,455 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on Cheniere Energy.
