Cheniere Energy, Inc. $LNG Shares Sold by Epoch Investment Partners Inc.

Key Points

• Epoch Investment Partners reduced its Cheniere Energy stake by 8.1% in the first quarter, selling 23,469 shares and leaving it with 266,439 shares valued at about $75.6 million.
• Cheniere Energy recently paid a quarterly dividend of $0.555 per share, equal to an annualized payout of $2.22 and a yield of 0.8%.
• Wall Street remains generally positive on LNG, with a consensus Buy rating and an average price target of $298.88, even after one firm upgraded the stock only to Hold.

Epoch Investment Partners Inc. lessened its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 8.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 266,439 shares of the energy company's stock after selling 23,469 shares during the period. Epoch Investment Partners Inc. owned about 0.13% of Cheniere Energy worth $75,605,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of LNG. Financial Life Planners acquired a new position in shares of Cheniere Energy in the 1st quarter worth $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Cheniere Energy during the third quarter valued at $27,000. Strive Financial Group LLC acquired a new position in shares of Cheniere Energy in the 4th quarter valued at $25,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Cheniere Energy in the 4th quarter valued at $26,000. Finally, Valued Wealth Advisors LLC boosted its position in shares of Cheniere Energy by 100.0% in the 1st quarter. Valued Wealth Advisors LLC now owns 140 shares of the energy company's stock valued at $40,000 after purchasing an additional 70 shares during the period. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Stock Performance

LNG stock opened at $269.27 on Friday. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.48 and a current ratio of 0.57. The stock has a market cap of $56.43 billion, a P/E ratio of 44.29 and a beta of -0.01. The firm has a 50 day simple moving average of $244.52 and a 200 day simple moving average of $242.07. Cheniere Energy, Inc. has a 52 week low of $186.20 and a 52 week high of $300.89.

Cheniere Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Monday, May 11th were given a $0.555 dividend. The ex-dividend date was Monday, May 11th. This represents a $2.22 dividend on an annualized basis and a yield of 0.8%. Cheniere Energy's dividend payout ratio is presently 36.51%.

Wall Street Analyst Weigh In

Several research firms have issued reports on LNG. Wall Street Zen upgraded Cheniere Energy from a "sell" rating to a "hold" rating in a report on Saturday. Wolfe Research reiterated an "outperform" rating and issued a $300.00 target price on shares of Cheniere Energy in a report on Tuesday, June 2nd. Scotiabank reiterated an "outperform" rating on shares of Cheniere Energy in a report on Wednesday, May 13th. Citigroup lifted their target price on shares of Cheniere Energy from $280.00 to $330.00 and gave the stock a "buy" rating in a research report on Thursday, April 2nd. Finally, Sanford C. Bernstein initiated coverage on shares of Cheniere Energy in a report on Tuesday, June 16th. They set a "market perform" rating and a $283.00 price target on the stock. Three investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Cheniere Energy presently has a consensus rating of "Buy" and an average target price of $298.88.

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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