Cheniere Energy, Inc. $LNG Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA cut its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 11.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 176,721 shares of the energy company’s stock after selling 21,742 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Cheniere Energy were worth $47,543,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of LNG. Bank of New York Mellon Corp acquired a new stake in Cheniere Energy in the 2nd quarter worth $502,015,000. Wellington Management Group LLP increased its holdings in shares of Cheniere Energy by 210.1% during the 2nd quarter. Wellington Management Group LLP now owns 2,444,403 shares of the energy company’s stock worth $584,237,000 after purchasing an additional 1,656,194 shares during the period. OMERS ADMINISTRATION Corp raised its position in shares of Cheniere Energy by 6,513.7% during the first quarter. OMERS ADMINISTRATION Corp now owns 564,742 shares of the energy company’s stock valued at $160,251,000 after buying an additional 556,203 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Cheniere Energy by 50.2% during the first quarter. Arrowstreet Capital Limited Partnership now owns 867,496 shares of the energy company’s stock valued at $246,161,000 after buying an additional 289,963 shares during the last quarter. Finally, Alyeska Investment Group L.P. raised its position in shares of Cheniere Energy by 61.1% during the second quarter. Alyeska Investment Group L.P. now owns 632,971 shares of the energy company’s stock valued at $151,286,000 after buying an additional 239,956 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Up 2.9%

LNG opened at $293.17 on Wednesday. Cheniere Energy, Inc. has a fifty-two week low of $186.20 and a fifty-two week 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 firm’s fifty day moving average price is $283.56 and its two-hundred day moving average price is $258.84. The company has a market capitalization of $59.87 billion, a P/E ratio of 20.46, a P/E/G ratio of 0.87 and a beta of 0.01.

Cheniere Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 17th. Stockholders of record on Monday, November 9th will be issued a dividend of $0.6250 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 0.9%. 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 payout ratio is 17.45%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on LNG shares. Raymond James Financial reissued a “strong-buy” rating and set a $340.00 target price on shares of Cheniere Energy in a research report on Monday, October 19th. Barclays boosted their price target on Cheniere Energy from $287.00 to $328.00 and gave the company an “overweight” rating in a research note on Friday, October 30th. Zacks Research raised Cheniere Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 3rd. Weiss Ratings upgraded Cheniere Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $336.00 price objective on shares of Cheniere Energy in a research report on Saturday, October 10th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average 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.