Eurizon Capital SGR S.p.A. Sells 28,809 Shares of Cheniere Energy, Inc. $LNG

Eurizon Capital SGR S.p.A. decreased its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 14.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 166,469 shares of the energy company’s stock after selling 28,809 shares during the period. Eurizon Capital SGR S.p.A. owned 0.08% of Cheniere Energy worth $44,774,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp increased its position in shares of Cheniere Energy by 1.7% in the third quarter. Fifth Third Bancorp now owns 22,300 shares of the energy company’s stock valued at $5,999,000 after buying an additional 369 shares in the last quarter. King Luther Capital Management Corp increased its stake in Cheniere Energy by 9.8% during the third quarter. King Luther Capital Management Corp now owns 5,193 shares of the energy company’s stock worth $1,397,000 after acquiring an additional 463 shares during the last quarter. Bingham Private Wealth LLC lifted its stake in Cheniere Energy by 3.1% during the third quarter. Bingham Private Wealth LLC now owns 3,645 shares of the energy company’s stock worth $981,000 after purchasing an additional 111 shares in the last quarter. Ritholtz Wealth Management boosted its stake in shares of Cheniere Energy by 57.9% in the third quarter. Ritholtz Wealth Management now owns 1,634 shares of the energy company’s stock valued at $440,000 after purchasing an additional 599 shares during the period. Finally, Joel Isaacson & Co. LLC increased its position in shares of Cheniere Energy by 18.1% during the third quarter. Joel Isaacson & Co. LLC now owns 1,327 shares of the energy company’s stock worth $357,000 after acquiring an additional 203 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Price Performance

NYSE LNG opened at $308.67 on Friday. Cheniere Energy, Inc. has a 1 year low of $186.20 and a 1 year high of $330.73. The business’s fifty day moving average is $284.40 and its two-hundred day moving average is $260.36. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.76 and a current ratio of 0.90. The stock has a market capitalization of $63.03 billion, a P/E ratio of 21.67, a P/E/G ratio of 0.95 and a beta of 0.01.

Cheniere Energy Increases Dividend

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $283.00 price target on shares of Cheniere Energy in a report on Thursday, October 29th. Jefferies Financial Group reissued a “buy” rating and set a $336.00 target price on shares of Cheniere Energy in a research note on Saturday, October 10th. Wall Street Zen raised Cheniere Energy from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Scotiabank increased their price objective on Cheniere Energy from $311.00 to $327.00 and gave the company a “sector outperform” rating in a research note on Tuesday, November 3rd. Finally, Barclays raised their price target on Cheniere Energy from $287.00 to $328.00 and gave the stock an “overweight” rating in a research note on Friday, October 30th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $324.41.

About Cheniere Energy

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.