Cheniere Energy, Inc. $LNG Stock: M&G PLC Cuts Holdings

M&G PLC reduced its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 14.2% in the third quarter, HoldingsChannel.com reports. The firm owned 513,577 shares of the energy company’s stock after selling 85,082 shares during the period. M&G PLC’s holdings in Cheniere Energy were worth $138,152,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Childress Capital Advisors LLC lifted its holdings in shares of Cheniere Energy by 0.7% in the third quarter. Childress Capital Advisors LLC now owns 5,371 shares of the energy company’s stock valued at $1,445,000 after purchasing an additional 38 shares in the last quarter. Financial Management Professionals Inc. raised its position in Cheniere Energy by 13.3% in the 3rd quarter. Financial Management Professionals Inc. now owns 340 shares of the energy company’s stock valued at $92,000 after buying an additional 40 shares during the last quarter. Eagle Strategies LLC raised its position in Cheniere Energy by 4.0% in the 3rd quarter. Eagle Strategies LLC now owns 1,083 shares of the energy company’s stock valued at $291,000 after buying an additional 42 shares during the last quarter. Titleist Asset Management LLC lifted its stake in Cheniere Energy by 1.6% during the 3rd quarter. Titleist Asset Management LLC now owns 2,867 shares of the energy company’s stock valued at $771,000 after acquiring an additional 45 shares in the last quarter. Finally, Optiver Holding B.V. lifted its stake in Cheniere Energy by 54.5% during the 1st quarter. Optiver Holding B.V. now owns 136 shares of the energy company’s stock valued at $39,000 after acquiring an additional 48 shares in the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Stock Up 2.6%

LNG stock opened at $285.24 on Tuesday. The stock’s fifty day simple moving average is $283.54 and its two-hundred day simple moving average is $258.41. The company has a current ratio of 0.90, a quick ratio of 0.76 and a debt-to-equity ratio of 1.89. Cheniere Energy, Inc. has a 1-year low of $186.20 and a 1-year high of $330.73. The stock has a market cap of $58.25 billion, a P/E ratio of 19.90, a P/E/G 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 $0.6250 dividend. This is an increase from Cheniere Energy’s previous quarterly dividend of $0.5550. The ex-dividend date of this dividend is Monday, November 9th. This represents a $2.50 dividend on an annualized basis and a dividend yield of 0.9%. Cheniere Energy’s payout ratio is presently 15.49%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on LNG shares. Wall Street Zen raised shares of Cheniere Energy from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Wolfe Research lowered shares of Cheniere Energy from an “outperform” rating to a “peer perform” rating in a research report on Monday, November 2nd. Barclays raised their price target on shares of Cheniere Energy from $287.00 to $328.00 and gave the company an “overweight” rating in a research report on Friday, October 30th. Argus set a $330.00 price target on shares of Cheniere Energy in a report on Tuesday, August 18th. Finally, TD Cowen increased their price objective on shares of Cheniere Energy from $325.00 to $352.00 and gave the company a “buy” rating in a research note on Tuesday, November 3rd. Two 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus 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.

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