Cheniere Energy, Inc. $LNG Stock Sold by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. decreased its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 14.8% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 166,469 shares of the energy company’s stock after selling 28,809 shares during the period. Eurizon Capital SGR S.p.A.’s holdings in Cheniere Energy were worth $44,774,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Eastern Bank raised its position in Cheniere Energy by 130.0% in the 3rd quarter. Eastern Bank now owns 115 shares of the energy company’s stock worth $31,000 after purchasing an additional 65 shares during the last quarter. Washington Trust Advisors Inc. increased its stake in shares of Cheniere Energy by 510.5% in the 3rd quarter. Washington Trust Advisors Inc. now owns 116 shares of the energy company’s stock valued at $31,000 after buying an additional 97 shares during the period. Curry Webb Wealth Management LLC acquired a new stake in shares of Cheniere Energy in the 3rd quarter valued at $32,000. Community Financial Services Group LLC acquired a new position in shares of Cheniere Energy during the second quarter valued at $29,000. Finally, Transamerica Financial Advisors LLC lifted its stake in shares of Cheniere Energy by 91.3% during the second quarter. Transamerica Financial Advisors LLC now owns 132 shares of the energy company’s stock valued at $32,000 after acquiring an additional 63 shares during the period. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $308.67 on Friday. The stock has a market cap of $63.03 billion, a PE ratio of 21.67, a price-to-earnings-growth ratio of 0.95 and a beta of 0.01. The stock has a 50-day moving average of $284.40 and a 200-day moving average of $260.36. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.90 and a quick ratio of 0.76. Cheniere Energy, Inc. has a one year low of $186.20 and a one year high of $330.73.

Cheniere Energy Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 17th. Investors of record on Monday, November 9th will be paid a dividend of $0.6250 per share. This represents a $2.50 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend is Monday, November 9th. This is a positive change from Cheniere Energy’s previous quarterly dividend of $0.5550. Cheniere Energy’s dividend payout ratio (DPR) is currently 17.45%.

Analysts Set New Price Targets

A number of brokerages recently commented on LNG. Sanford C. Bernstein reiterated an “outperform” rating and issued a $283.00 price objective on shares of Cheniere Energy in a research report on Thursday, October 29th. Jefferies Financial Group restated a “buy” rating and set a $336.00 target price on shares of Cheniere Energy in a research report on Saturday, October 10th. Wall Street Zen upgraded shares of Cheniere Energy from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Barclays boosted their price target on shares of Cheniere Energy from $287.00 to $328.00 and gave the stock an “overweight” rating in a research note on Friday, October 30th. Finally, Bank of America restated a “buy” rating on shares of Cheniere Energy in a report on Friday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $324.41.

Cheniere Energy Company Profile

Cheniere Energy, Inc. is a U.S. energy company focused on producing and exporting liquefied natural gas (LNG). Its operations include the Sabine Pass LNG facility in Louisiana and the Corpus Christi LNG facility in Texas, where natural gas is processed and liquefied for shipment. The company supplies LNG to customers in international markets, including countries in Asia, Europe and Latin America. Its activities also include sourcing natural gas and marketing LNG under long-term and other sales agreements.