Cheniere Energy, Inc. $LNG Shares Sold by Himension Capital Singapore PTE. LTD.

Himension Capital Singapore PTE. LTD. trimmed its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 54.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,288 shares of the energy company’s stock after selling 6,345 shares during the quarter. Himension Capital Singapore PTE. LTD.’s holdings in Cheniere Energy were worth $1,501,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Financial Life Planners acquired a new stake in Cheniere Energy in the first quarter worth about $26,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Cheniere Energy during the third quarter valued at about $27,000. Strive Financial Group LLC acquired a new position in shares of Cheniere Energy during the fourth quarter valued at about $25,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Cheniere Energy during the fourth quarter valued at about $26,000. Finally, Valued Wealth Advisors LLC raised its position in shares of Cheniere Energy by 100.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 140 shares of the energy company’s stock valued at $40,000 after purchasing an additional 70 shares during the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Trading Down 0.7%

Shares of NYSE:LNG opened at $263.18 on Wednesday. Cheniere Energy, Inc. has a 52-week low of $186.20 and a 52-week high of $300.89. The stock has a market cap of $55.15 billion, a price-to-earnings ratio of 43.29 and a beta of -0.01. 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 business has a 50-day moving average price of $242.78 and a 200-day moving average price of $240.84.

Cheniere Energy Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LNG. Jefferies Financial Group lifted their target price on shares of Cheniere Energy from $275.00 to $330.00 and gave the stock a “buy” rating in a research note on Tuesday, April 7th. Zacks Research upgraded shares of Cheniere Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. Wall Street Zen cut shares of Cheniere Energy from a “hold” rating to a “sell” rating in a report on Saturday, June 27th. Benchmark reiterated an “outperform” rating on shares of Cheniere Energy in a research note on Tuesday, May 26th. Finally, Citigroup boosted their price objective on shares of Cheniere Energy from $280.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cheniere Energy presently has a consensus rating of “Buy” and an average target price of $298.47.

About Cheniere Energy

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.