Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by FORA Capital LLC

FORA Capital LLC lowered its position in shares of Cheniere Energy, Inc. (NYSE:LNGFree Report) by 19.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,746 shares of the energy company’s stock after selling 9,820 shares during the period. Cheniere Energy comprises about 0.9% of FORA Capital LLC’s holdings, making the stock its 27th largest position. FORA Capital LLC’s holdings in Cheniere Energy were worth $7,328,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its position in Cheniere Energy by 1,490.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,957,451 shares of the energy company’s stock worth $342,221,000 after buying an additional 1,834,347 shares during the period. Darlington Partners Capital Management LP grew its position in shares of Cheniere Energy by 74.6% during the second quarter. Darlington Partners Capital Management LP now owns 1,514,155 shares of the energy company’s stock worth $264,720,000 after acquiring an additional 647,096 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Cheniere Energy by 8.5% during the second quarter. The Manufacturers Life Insurance Company now owns 5,270,853 shares of the energy company’s stock worth $921,503,000 after acquiring an additional 413,744 shares during the last quarter. 1832 Asset Management L.P. increased its holdings in shares of Cheniere Energy by 854.3% in the 2nd quarter. 1832 Asset Management L.P. now owns 458,739 shares of the energy company’s stock valued at $80,201,000 after acquiring an additional 410,668 shares during the period. Finally, Tortoise Capital Advisors L.L.C. raised its position in Cheniere Energy by 9.2% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 3,242,899 shares of the energy company’s stock valued at $566,956,000 after purchasing an additional 273,588 shares during the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Barclays lifted their price objective on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Stifel Nicolaus dropped their price target on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. TD Cowen increased their price objective on Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a research report on Tuesday. Royal Bank of Canada boosted their target price on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Finally, Bank of America started coverage on Cheniere Energy in a research note on Thursday, October 17th. They set a “buy” rating and a $215.00 price target for the company. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Cheniere Energy has a consensus rating of “Moderate Buy” and a consensus target price of $212.89.

Get Our Latest Analysis on Cheniere Energy

Cheniere Energy Price Performance

NYSE:LNG traded up $0.87 during trading hours on Wednesday, hitting $222.77. The company’s stock had a trading volume of 154,642 shares, compared to its average volume of 1,776,091. Cheniere Energy, Inc. has a 52-week low of $152.31 and a 52-week high of $225.44. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The business’s 50-day moving average is $193.45 and its two-hundred day moving average is $179.78. The company has a market capitalization of $49.98 billion, a PE ratio of 14.17 and a beta of 0.94.

Cheniere Energy (NYSE:LNGGet Free Report) last announced its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $2.06. The business had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The business’s revenue was down 9.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.37 EPS. As a group, research analysts anticipate that Cheniere Energy, Inc. will post 11.26 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.90%. Cheniere Energy’s payout ratio is 12.77%.

Cheniere Energy Company Profile

(Free Report)

Cheniere Energy, Inc, an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas. The company also owns Creole Trail pipeline, a 94-mile natural gas supply pipeline that interconnects the Sabine Pass LNG Terminal with several interstate and intrastate pipelines; and operates Corpus Christi pipeline, a 21.5-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.

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Institutional Ownership by Quarter for Cheniere Energy (NYSE:LNG)

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