Quarry LP Has $30,000 Stock Position in Cheniere Energy, Inc. $LNG

Quarry LP cut its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 89.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 130 shares of the energy company's stock after selling 1,085 shares during the quarter. Quarry LP's holdings in Cheniere Energy were worth $30,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in LNG. Nuveen LLC acquired a new position in shares of Cheniere Energy during the 1st quarter worth approximately $294,793,000. Two Sigma Advisers LP increased its holdings in shares of Cheniere Energy by 84.6% during the 4th quarter. Two Sigma Advisers LP now owns 1,651,500 shares of the energy company's stock worth $354,858,000 after acquiring an additional 756,900 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Cheniere Energy by 12.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,660,545 shares of the energy company's stock worth $1,078,450,000 after acquiring an additional 534,033 shares during the last quarter. Los Angeles Capital Management LLC increased its holdings in shares of Cheniere Energy by 346.6% during the 1st quarter. Los Angeles Capital Management LLC now owns 568,627 shares of the energy company's stock worth $131,580,000 after acquiring an additional 441,296 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Cheniere Energy by 12.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,185,605 shares of the energy company's stock valued at $737,149,000 after purchasing an additional 359,435 shares during the period. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Price Performance

Shares of NYSE:LNG traded down $1.14 during trading on Friday, reaching $235.93. 1,095,835 shares of the company traded hands, compared to its average volume of 1,514,050. The company's 50 day moving average is $235.05 and its two-hundred day moving average is $231.25. The firm has a market capitalization of $51.85 billion, a PE ratio of 13.77 and a beta of 0.43. The company has a quick ratio of 0.85, a current ratio of 0.98 and a debt-to-equity ratio of 1.96. Cheniere Energy, Inc. has a 52 week low of $177.55 and a 52 week high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share for the quarter, beating analysts' consensus estimates of $2.35 by $4.95. The firm had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.48 billion. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The company's revenue was up 42.8% compared to the same quarter last year. During the same period in the prior year, the company posted $3.84 EPS. As a group, sell-side analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Friday, August 8th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, August 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.8%. Cheniere Energy's payout ratio is 11.68%.

Analysts Set New Price Targets

Several analysts recently issued reports on LNG shares. Mizuho boosted their price target on Cheniere Energy from $268.00 to $273.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. Cowen restated a "buy" rating on shares of Cheniere Energy in a research note on Friday, August 8th. TD Cowen boosted their price target on Cheniere Energy from $265.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Barclays restated an "overweight" rating and issued a $262.00 price target (up from $253.00) on shares of Cheniere Energy in a research note on Tuesday, July 15th. Finally, Jefferies Financial Group set a $288.00 price target on Cheniere Energy and gave the company a "buy" rating in a research note on Thursday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $263.29.

Cheniere Energy Company 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.