Paloma Partners Management Co Has $390,000 Stake in Cheniere Energy, Inc. (NYSE:LNG)

Paloma Partners Management Co reduced its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 60.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,817 shares of the energy company's stock after selling 2,783 shares during the period. Paloma Partners Management Co's holdings in Cheniere Energy were worth $390,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Miracle Mile Advisors LLC bought a new stake in Cheniere Energy in the 4th quarter valued at $2,127,000. Fractal Investments LLC boosted its position in shares of Cheniere Energy by 31.0% during the fourth quarter. Fractal Investments LLC now owns 59,200 shares of the energy company's stock worth $12,720,000 after buying an additional 14,000 shares during the period. Anderson Hoagland & Co. bought a new position in shares of Cheniere Energy during the fourth quarter worth about $2,460,000. Mirae Asset Global Investments Co. Ltd. raised its position in Cheniere Energy by 31.4% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 36,664 shares of the energy company's stock valued at $7,812,000 after buying an additional 8,756 shares during the last quarter. Finally, Insight Wealth Strategies LLC bought a new position in shares of Cheniere Energy during the 4th quarter worth approximately $4,455,000. Institutional investors own 87.26% of the company's stock.

Insider Buying and Selling at Cheniere Energy

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $219.51, for a total value of $1,975,590.00. Following the completion of the transaction, the director now directly owns 33,934 shares in the company, valued at approximately $7,448,852.34. This trade represents a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.26% of the company's stock.

Cheniere Energy Price Performance

Shares of LNG stock traded up $5.45 during trading hours on Friday, reaching $235.94. The company's stock had a trading volume of 1,707,396 shares, compared to its average volume of 1,867,048. Cheniere Energy, Inc. has a fifty-two week low of $153.03 and a fifty-two week high of $257.65. The firm's 50 day simple moving average is $223.37 and its 200-day simple moving average is $217.91. 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 $52.57 billion, a price-to-earnings ratio of 16.58 and a beta of 0.67.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 earnings per share for the quarter, beating the consensus estimate of $2.74 by $1.59. The business had revenue of $4.44 billion for 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%. Sell-side analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 19th. Investors of record on Friday, May 9th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.85%. The ex-dividend date of this dividend is Friday, May 9th. Cheniere Energy's payout ratio is 14.05%.

Wall Street Analysts Forecast Growth

LNG has been the subject of several recent research reports. Argus started coverage on shares of Cheniere Energy in a report on Tuesday, March 18th. They set a "buy" rating and a $255.00 target price for the company. Barclays raised their price objective on Cheniere Energy from $202.00 to $253.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. Morgan Stanley upped their target price on Cheniere Energy from $195.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Scotiabank decreased their price target on Cheniere Energy from $243.00 to $242.00 and set a "sector outperform" rating for the company in a research note on Tuesday. Finally, StockNews.com raised Cheniere Energy from a "hold" rating to a "buy" rating in a report on Friday, February 21st. One research 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 stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target 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.