Blackstone Inc. Sells 2,283,673 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Blackstone Inc. cut its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 50.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,217,086 shares of the energy company's stock after selling 2,283,673 shares during the quarter. Cheniere Energy comprises 2.2% of Blackstone Inc.'s holdings, making the stock its 13th largest position. Blackstone Inc. owned 0.99% of Cheniere Energy worth $476,385,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of LNG. World Investment Advisors LLC acquired a new position in shares of Cheniere Energy during the third quarter valued at approximately $225,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Cheniere Energy in the third quarter valued at approximately $159,000. Versant Capital Management Inc raised its stake in shares of Cheniere Energy by 75.3% in the fourth quarter. Versant Capital Management Inc now owns 533 shares of the energy company's stock valued at $115,000 after acquiring an additional 229 shares in the last quarter. GAMMA Investing LLC raised its holdings in Cheniere Energy by 12.1% in the fourth quarter. GAMMA Investing LLC now owns 1,351 shares of the energy company's stock valued at $290,000 after acquiring an additional 146 shares in the last quarter. Finally, Insight Wealth Strategies LLC purchased a new position in Cheniere Energy in the fourth quarter valued at $4,455,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Price Performance

Cheniere Energy stock traded up $4.95 on Wednesday, reaching $239.41. The company's stock had a trading volume of 1,955,865 shares, compared to its average volume of 1,852,922. Cheniere Energy, Inc. has a twelve month low of $153.03 and a twelve month high of $257.65. 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 fifty day moving average price is $224.23 and its 200 day moving average price is $219.04. The company has a market cap of $53.34 billion, a price-to-earnings ratio of 16.82 and a beta of 0.41.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.74 by $1.59. The company had revenue of $4.44 billion during the quarter, compared to analyst estimates of $4.44 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. Equities analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 19th. Shareholders of record on Friday, May 9th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.84%. The ex-dividend date is Friday, May 9th. Cheniere Energy's dividend payout ratio is 14.05%.

Insider Buying and Selling

In other news, Director G Andrea Botta sold 9,000 shares of the business's stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the completion of the transaction, the director now owns 33,934 shares of the company's stock, valued at approximately $7,448,852.34. The trade was a 20.96 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.26% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Scotiabank dropped their price objective on Cheniere Energy from $243.00 to $242.00 and set a "sector outperform" rating on the stock in a report on Tuesday, April 29th. Raymond James reiterated a "strong-buy" rating on shares of Cheniere Energy in a report on Wednesday, April 23rd. TD Cowen raised their price target on Cheniere Energy from $242.00 to $250.00 and gave the company a "buy" rating in a research report on Monday, January 27th. Wolfe Research cut Cheniere Energy from an "outperform" rating to a "peer perform" rating in a report on Wednesday, April 30th. Finally, Morgan Stanley lifted their target price on shares of Cheniere Energy from $195.00 to $255.00 and gave the stock an "overweight" rating in a research note on Friday, January 31st. One investment analyst has rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $251.46.

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.