Amundi Has $362.25 Million Holdings in Cheniere Energy, Inc. $LNG

Amundi cut its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 6.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,515,622 shares of the energy company's stock after selling 97,963 shares during the quarter. Amundi owned 0.73% of Cheniere Energy worth $362,249,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Strive Financial Group LLC acquired a new position in Cheniere Energy in the 4th quarter valued at $25,000. Financial Life Planners bought a new stake in Cheniere Energy during the first quarter worth about $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in Cheniere Energy during the third quarter worth about $27,000. Community Financial Services Group LLC bought a new position in Cheniere Energy in the 2nd quarter valued at about $29,000. Finally, Transamerica Financial Advisors LLC increased its holdings in Cheniere Energy by 91.3% in the 2nd quarter. Transamerica Financial Advisors LLC now owns 132 shares of the energy company's stock valued at $32,000 after buying an additional 63 shares during the period. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Stock Performance

NYSE LNG opened at $292.02 on Tuesday. The firm's fifty day moving average price is $267.02 and its two-hundred day moving average price is $256.57. The stock has a market cap of $60.31 billion and a PE ratio of 21.74. Cheniere Energy, Inc. has a fifty-two week low of $186.20 and a fifty-two week high of $300.89. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.72 and a current ratio of 0.87.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The energy company reported $3.02 EPS for the quarter, missing analysts' consensus estimates of $3.11 by ($0.09). The firm had revenue of $5.73 billion during the quarter, compared to the consensus estimate of $4.92 billion. Cheniere Energy had a net margin of 13.57% and a return on equity of 29.80%. The firm's revenue was up 23.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $7.30 earnings per share. On average, equities analysts expect that Cheniere Energy, Inc. will post 16.36 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 18th. Investors of record on Monday, August 10th were given a dividend of $0.555 per share. The ex-dividend date was Monday, August 10th. This represents a $2.22 annualized dividend and a yield of 0.8%. Cheniere Energy's dividend payout ratio (DPR) is currently 16.53%.

Analyst Upgrades and Downgrades

LNG has been the subject of a number of recent analyst reports. Royal Bank Of Canada upped their price target on shares of Cheniere Energy from $300.00 to $319.00 and gave the stock an "outperform" rating in a report on Monday, August 24th. Wall Street Zen raised shares of Cheniere Energy from a "sell" rating to a "hold" rating in a research note on Saturday, July 25th. TD Cowen boosted their price objective on shares of Cheniere Energy from $280.00 to $290.00 and gave the company a "buy" rating in a research report on Tuesday, August 11th. UBS Group reaffirmed a "buy" rating on shares of Cheniere Energy in a report on Tuesday, September 1st. Finally, Barclays lifted their price target on Cheniere Energy from $274.00 to $279.00 and gave the company an "overweight" rating in a research note on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $304.35.

About Cheniere Energy

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company's core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere's principal operating assets are large-scale LNG export terminals located on the U.S.

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