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

Highland Capital Management LLC reduced its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 80.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,826 shares of the energy company’s stock after selling 28,174 shares during the quarter. Highland Capital Management LLC’s holdings in Cheniere Energy were worth $1,165,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in LNG. HHM Wealth Advisors LLC acquired a new position in Cheniere Energy in the third quarter valued at $25,000. Strategic Investment Solutions Inc. IL acquired a new stake in Cheniere Energy during the first quarter worth about $27,000. Rise Advisors LLC acquired a new stake in Cheniere Energy during the third quarter worth about $29,000. Whittier Trust Co. of Nevada Inc. increased its stake in Cheniere Energy by 203.4% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 176 shares of the energy company’s stock worth $29,000 after acquiring an additional 118 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new stake in Cheniere Energy during the third quarter worth about $40,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have commented on the company. StockNews.com upgraded Cheniere Energy from a “hold” rating to a “buy” rating in a research note on Thursday. Barclays upped their price target on Cheniere Energy from $192.00 to $194.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 17th. TD Cowen dropped their price target on Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating for the company in a research note on Tuesday, February 27th. Finally, Mizuho upped their price target on Cheniere Energy from $187.00 to $195.00 and gave the stock a “buy” rating in a research note on Friday, December 15th. Nine equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Cheniere Energy currently has a consensus rating of “Buy” and a consensus price target of $197.10.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $161.02 on Thursday. The stock has a market capitalization of $37.79 billion, a P/E ratio of 3.98, a price-to-earnings-growth ratio of 0.69 and a beta of 0.94. Cheniere Energy, Inc. has a 1-year low of $135.30 and a 1-year high of $183.46. The company has a debt-to-equity ratio of 2.59, a current ratio of 1.63 and a quick ratio of 1.51. The stock has a 50-day moving average of $162.68.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, February 22nd. The energy company reported $5.76 EPS for the quarter, beating analysts’ consensus estimates of $2.70 by $3.06. The firm had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $4.37 billion. Cheniere Energy had a return on equity of 69.52% and a net margin of 48.45%. Cheniere Energy’s revenue for the quarter was down 46.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $15.78 earnings per share. Research analysts expect that Cheniere Energy, Inc. will post 8.98 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Tuesday, February 6th were issued a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date was Monday, February 5th. Cheniere Energy’s dividend payout ratio is currently 4.30%.

Cheniere Energy Profile

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.