Paloma Partners Management Co Sells 8,643 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Paloma Partners Management Co lowered its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 65.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,600 shares of the energy company’s stock after selling 8,643 shares during the period. Paloma Partners Management Co’s holdings in Cheniere Energy were worth $827,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Octavia Wealth Advisors LLC lifted its stake in Cheniere Energy by 3.7% in the 3rd quarter. Octavia Wealth Advisors LLC now owns 1,498 shares of the energy company’s stock worth $269,000 after purchasing an additional 54 shares in the last quarter. MAI Capital Management raised its position in Cheniere Energy by 1.5% during the third quarter. MAI Capital Management now owns 4,204 shares of the energy company’s stock valued at $756,000 after purchasing an additional 62 shares during the period. Signature Wealth Management Group lifted its position in Cheniere Energy by 1.4% in the second quarter. Signature Wealth Management Group now owns 4,758 shares of the energy company’s stock worth $832,000 after buying an additional 66 shares during the last quarter. Sapient Capital LLC lifted its holdings in shares of Cheniere Energy by 0.9% in the 3rd quarter. Sapient Capital LLC now owns 7,514 shares of the energy company’s stock worth $1,351,000 after acquiring an additional 67 shares during the last quarter. Finally, Capital Advisors Ltd. LLC boosted its stake in shares of Cheniere Energy by 57.6% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 186 shares of the energy company’s stock worth $33,000 after purchasing an additional 68 shares during the period. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

Shares of NYSE:LNG opened at $222.57 on Tuesday. The firm has a 50 day moving average of $196.75 and a 200 day moving average of $181.64. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The company has a market capitalization of $49.94 billion, a price-to-earnings ratio of 14.21 and a beta of 0.94. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $225.44.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, topping the consensus estimate of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The firm had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same period in the previous year, the company posted $2.37 EPS. The business’s revenue for the quarter was down 9.5% compared to the same quarter last year. On average, sell-side analysts predict that Cheniere Energy, Inc. will post 11.26 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were paid a $0.50 dividend. The ex-dividend date was Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 0.90%. Cheniere Energy’s dividend payout ratio (DPR) is 12.77%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Barclays raised their price objective on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Stifel Nicolaus cut their price objective 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. Royal Bank of Canada lifted their target price on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. TD Cowen upped their price target on shares of Cheniere Energy from $202.00 to $242.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. Finally, Bank of America began coverage on shares of Cheniere Energy in a report on Thursday, October 17th. They set a “buy” rating and a $215.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Cheniere Energy currently has an average rating of “Moderate Buy” and a consensus price target of $212.89.

About Cheniere Energy

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.