20,607 Cheniere Energy, Inc. $LNG Shares Sold by Candriam S.C.A.

Candriam S.C.A. reduced its position in Cheniere Energy, Inc. (NYSE:LNG) by 26.9% in the third quarter, Holdings Channel.com reports. The fund owned 55,942 shares of the energy company’s stock after selling 20,607 shares during the period. Candriam S.C.A.’s holdings in Cheniere Energy were worth $15,105,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Ethic Inc. lifted its position in Cheniere Energy by 295.2% in the 3rd quarter. Ethic Inc. now owns 24,129 shares of the energy company’s stock valued at $6,491,000 after acquiring an additional 18,024 shares in the last quarter. StoneX Group Inc. increased its holdings in shares of Cheniere Energy by 58.4% in the 3rd quarter. StoneX Group Inc. now owns 1,356 shares of the energy company’s stock worth $360,000 after purchasing an additional 500 shares in the last quarter. Plancorp LLC bought a new stake in shares of Cheniere Energy in the 3rd quarter worth $204,000. Ashton Thomas Private Wealth LLC increased its holdings in shares of Cheniere Energy by 4.5% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 3,660 shares of the energy company’s stock worth $985,000 after purchasing an additional 157 shares in the last quarter. Finally, CenterBook Partners LP purchased a new position in shares of Cheniere Energy in the third quarter worth $3,068,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Trading Up 2.6%

Shares of NYSE LNG opened at $285.24 on Tuesday. Cheniere Energy, Inc. has a 1-year low of $186.20 and a 1-year high of $330.73. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.90 and a quick ratio of 0.76. The business’s 50 day moving average is $283.54 and its two-hundred day moving average is $258.41. The stock has a market capitalization of $58.25 billion, a P/E ratio of 19.90, a PEG ratio of 0.90 and a beta of 0.01.

Cheniere Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 17th. Investors of record on Monday, November 9th will be issued a dividend of $0.6250 per share. This represents a $2.50 annualized dividend and a yield of 0.9%. The ex-dividend date is Monday, November 9th. This is a boost from Cheniere Energy’s previous quarterly dividend of $0.5550. Cheniere Energy’s payout ratio is currently 15.49%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LNG. Wells Fargo & Company upped their price target on Cheniere Energy from $335.00 to $374.00 and gave the company an “overweight” rating in a report on Friday, October 30th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $283.00 price objective on shares of Cheniere Energy in a research report on Thursday, October 29th. Barclays lifted their price objective on Cheniere Energy from $287.00 to $328.00 and gave the stock an “overweight” rating in a report on Friday, October 30th. Wolfe Research lowered Cheniere Energy from an “outperform” rating to a “peer perform” rating in a research report on Monday, November 2nd. Finally, Scotiabank increased their price target on Cheniere Energy from $311.00 to $327.00 and gave the company a “sector outperform” rating in a report on Tuesday, November 3rd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Buy” and a consensus target price 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.

Founded in 1996, Cheniere initially developed LNG import infrastructure before shifting its focus to U.S.