Cheniere Energy, Inc. $LNG Stock Holdings Decreased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lowered its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 11.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (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 owned approximately 0.09% of Cheniere Energy worth $47,543,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Plancorp LLC bought a new stake in Cheniere Energy in the 3rd quarter valued at about $204,000. Ashton Thomas Private Wealth LLC boosted its stake in Cheniere Energy by 4.5% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 3,660 shares of the energy company’s stock valued at $985,000 after purchasing an additional 157 shares during the period. CenterBook Partners LP acquired a new position in Cheniere Energy during the 3rd quarter valued at about $3,068,000. International Assets Investment Management LLC bought a new position in Cheniere Energy in the 3rd quarter worth about $224,000. Finally, Allegiance Financial Group Advisory Services LLC bought a new position in Cheniere Energy in the 3rd quarter worth about $222,000. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Stock Performance

Shares of LNG opened at $293.17 on Wednesday. The firm has a 50-day moving average price of $283.56 and a 200 day moving average price of $258.84. The firm has a market capitalization of $59.87 billion, a PE ratio of 20.46, a P/E/G ratio of 0.87 and a beta of 0.01. The company has a quick ratio of 0.76, a current ratio of 0.90 and a debt-to-equity ratio of 1.89. Cheniere Energy, Inc. has a 52-week low of $186.20 and a 52-week high of $330.73.

Cheniere Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 17th. Stockholders of record on Monday, November 9th will be paid a $0.6250 dividend. 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%. This is an increase from Cheniere Energy’s previous quarterly dividend of $0.5550. Cheniere Energy’s dividend payout ratio (DPR) is currently 17.45%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Jefferies Financial Group restated a “buy” rating and issued a $336.00 price target on shares of Cheniere Energy in a research note on Saturday, October 10th. Morgan Stanley boosted their price objective on Cheniere Energy from $310.00 to $322.00 and gave the stock an “overweight” rating in a research report on Friday, October 30th. Scotiabank increased their price objective on Cheniere Energy from $311.00 to $327.00 and gave the stock a “sector outperform” rating in a report on Tuesday, November 3rd. Zacks Research upgraded Cheniere Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 3rd. Finally, Wolfe Research cut Cheniere Energy from an “outperform” rating to a “peer perform” rating in a research report on Monday, November 2nd. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Cheniere Energy has a consensus rating of “Buy” and an average 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.