Cheniere Energy, Inc. $LNG Stake Cut by J. Safra Sarasin Holding AG

J. Safra Sarasin Holding AG lessened its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 64.3% during the 1st quarter, HoldingsChannel reports. The fund owned 5,540 shares of the energy company’s stock after selling 9,965 shares during the period. J. Safra Sarasin Holding AG’s holdings in Cheniere Energy were worth $1,572,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Viking Fund Management LLC raised its holdings in shares of Cheniere Energy by 66.7% during the fourth quarter. Viking Fund Management LLC now owns 45,000 shares of the energy company’s stock worth $8,748,000 after acquiring an additional 18,000 shares in the last quarter. Trivium Point Advisory LLC raised its stake in shares of Cheniere Energy by 38.8% during the 4th quarter. Trivium Point Advisory LLC now owns 56,930 shares of the energy company’s stock worth $11,067,000 after purchasing an additional 15,927 shares in the last quarter. Generate Investment Management Ltd purchased a new stake in shares of Cheniere Energy during the 4th quarter worth about $10,691,000. Lewis Asset Management LLC lifted its holdings in shares of Cheniere Energy by 127.4% during the 4th quarter. Lewis Asset Management LLC now owns 8,751 shares of the energy company’s stock valued at $1,701,000 after buying an additional 4,903 shares during the last quarter. Finally, Exchange Traded Concepts LLC lifted its holdings in shares of Cheniere Energy by 24.2% during the 4th quarter. Exchange Traded Concepts LLC now owns 264,618 shares of the energy company’s stock valued at $51,439,000 after buying an additional 51,567 shares during the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Trading Up 0.7%

NYSE:LNG opened at $265.05 on Wednesday. The company’s 50 day moving average is $241.32 and its 200-day moving average is $238.40. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 2.55. Cheniere Energy, Inc. has a 12 month low of $186.20 and a 12 month high of $300.89. The firm has a market cap of $55.54 billion, a price-to-earnings ratio of 43.59 and a beta of -0.01.

Cheniere Energy Announces Dividend

The company also recently announced 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 (DPR) is 36.51%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on LNG shares. Jefferies Financial Group boosted their price target on Cheniere Energy from $275.00 to $330.00 and gave the company a “buy” rating in a research note on Tuesday, April 7th. BMO Capital Markets lifted their target price on shares of Cheniere Energy from $265.00 to $306.00 and gave the company an “outperform” rating in a research note on Monday, March 23rd. Wall Street Zen cut shares of Cheniere Energy from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. Zacks Research downgraded shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 10th. Finally, Royal Bank Of Canada increased their price target on shares of Cheniere Energy from $286.00 to $300.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 14th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $297.71.

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.