Boothbay Fund Management LLC Sells 14,815 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Boothbay Fund Management LLC lessened its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 36.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,168 shares of the energy company's stock after selling 14,815 shares during the period. Boothbay Fund Management LLC's holdings in Cheniere Energy were worth $5,623,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in LNG. Norges Bank purchased a new stake in shares of Cheniere Energy in the 4th quarter valued at $629,197,000. Ninety One UK Ltd increased its holdings in Cheniere Energy by 1,400.7% during the 4th quarter. Ninety One UK Ltd now owns 1,509,717 shares of the energy company's stock valued at $324,393,000 after purchasing an additional 1,409,116 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in shares of Cheniere Energy by 61.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,664,439 shares of the energy company's stock valued at $357,638,000 after acquiring an additional 631,787 shares in the last quarter. Raymond James Financial Inc. bought a new position in Cheniere Energy in the 4th quarter worth $130,772,000. Finally, Proficio Capital Partners LLC raised its stake in Cheniere Energy by 18,281.6% in the fourth quarter. Proficio Capital Partners LLC now owns 575,897 shares of the energy company's stock worth $123,743,000 after buying an additional 572,764 shares in the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director G Andrea Botta sold 9,000 shares of the company's stock in a transaction that occurred 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 sale, the director now directly owns 33,934 shares of the company's stock, valued at $7,448,852.34. This represents a 20.96 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.26% of the company's stock.

Cheniere Energy Price Performance

Shares of NYSE LNG traded down $0.44 during mid-day trading on Thursday, reaching $230.67. The company's stock had a trading volume of 1,288,620 shares, compared to its average volume of 2,286,580. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. Cheniere Energy, Inc. has a 52 week low of $153.03 and a 52 week high of $257.65. The stock has a fifty day moving average of $222.75 and a two-hundred day moving average of $217.26. The firm has a market capitalization of $51.40 billion, a PE ratio of 16.21 and a beta of 0.67.

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

Cheniere Energy Announces Dividend

The business 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 $0.50 dividend. The ex-dividend date is Friday, May 9th. This represents a $2.00 dividend on an annualized basis and a yield of 0.87%. Cheniere Energy's dividend payout ratio is currently 14.05%.

Analyst Ratings Changes

A number of equities analysts have issued reports on LNG shares. Morgan Stanley increased their price objective on Cheniere Energy from $195.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Bank of America raised their price objective on Cheniere Energy from $254.00 to $258.00 and gave the company a "buy" rating in a research report on Tuesday. TD Cowen boosted their target price on Cheniere Energy from $242.00 to $250.00 and gave the stock a "buy" rating in a report on Monday, January 27th. Scotiabank reduced their price target on Cheniere Energy from $243.00 to $242.00 and set a "sector outperform" rating for the company in a report on Tuesday. Finally, Stifel Nicolaus cut their price objective on shares of Cheniere Energy from $255.00 to $247.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. One analyst has rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $251.46.

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.