Cheniere Energy, Inc. $LNG Stock Holdings Reduced by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. reduced its position in Cheniere Energy, Inc. (NYSE:LNG) by 8.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 266,439 shares of the energy company’s stock after selling 23,469 shares during the quarter. Epoch Investment Partners Inc.’s holdings in Cheniere Energy were worth $75,605,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Trivium Point Advisory LLC increased 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 during the last quarter. J. Safra Sarasin Holding AG lifted its stake in shares of Cheniere Energy by 227.7% in the 4th quarter. J. Safra Sarasin Holding AG now owns 15,505 shares of the energy company’s stock valued at $3,014,000 after purchasing an additional 10,774 shares during the last quarter. Generate Investment Management Ltd bought a new stake in Cheniere Energy in the fourth quarter worth $10,691,000. Lewis Asset Management LLC boosted its holdings in Cheniere Energy by 127.4% in the fourth quarter. Lewis Asset Management LLC now owns 8,751 shares of the energy company’s stock worth $1,701,000 after purchasing an additional 4,903 shares in the last quarter. Finally, Exchange Traded Concepts LLC increased its position in Cheniere Energy by 24.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 264,618 shares of the energy company’s stock worth $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 Down 1.0%

Shares of NYSE:LNG opened at $269.27 on Friday. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.48 and a current ratio of 0.57. The stock’s 50-day moving average is $244.52 and its 200-day moving average is $242.07. The company has a market cap of $56.43 billion, a P/E ratio of 44.29 and a beta of -0.01. Cheniere Energy, Inc. has a 52-week low of $186.20 and a 52-week high of $300.89.

Cheniere Energy Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on LNG shares. Scotiabank restated an “outperform” rating on shares of Cheniere Energy in a report on Wednesday, May 13th. Royal Bank Of Canada upped their price target on Cheniere Energy from $286.00 to $300.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 14th. Jefferies Financial Group increased their price objective on Cheniere Energy from $275.00 to $330.00 and gave the company a “buy” rating in a report on Tuesday, April 7th. Sanford C. Bernstein assumed coverage on Cheniere Energy in a research note on Tuesday, June 16th. They issued a “market perform” rating and a $283.00 price objective on the stock. Finally, JPMorgan Chase & Co. boosted their target price on Cheniere Energy from $327.00 to $334.00 and gave the stock an “overweight” rating in a report on Friday. Three equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $298.88.

Cheniere Energy Profile

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.