Zimmer Partners LP Has $29.55 Million Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

Zimmer Partners LP trimmed its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 90.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 137,500 shares of the energy company's stock after selling 1,246,338 shares during the quarter. Zimmer Partners LP owned about 0.06% of Cheniere Energy worth $29,545,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Fractal Investments LLC raised its stake in Cheniere Energy by 31.0% during the 4th quarter. Fractal Investments LLC now owns 59,200 shares of the energy company's stock valued at $12,720,000 after purchasing an additional 14,000 shares during the last quarter. Anderson Hoagland & Co. acquired a new position in Cheniere Energy during the 4th quarter valued at $2,460,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Cheniere Energy by 31.4% during 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 purchasing an additional 8,756 shares during the last quarter. Leavell Investment Management Inc. raised its stake in Cheniere Energy by 10.2% during the 4th quarter. Leavell Investment Management Inc. now owns 19,514 shares of the energy company's stock valued at $4,193,000 after purchasing an additional 1,800 shares during the last quarter. Finally, Raab & Moskowitz Asset Management LLC raised its stake in Cheniere Energy by 46.3% during the 4th quarter. Raab & Moskowitz Asset Management LLC now owns 9,345 shares of the energy company's stock valued at $2,008,000 after purchasing an additional 2,957 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Price Performance

NYSE LNG opened at $233.15 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. Cheniere Energy, Inc. has a 12-month low of $153.03 and a 12-month high of $257.65. The company has a market capitalization of $51.71 billion, a PE ratio of 16.38 and a beta of 0.41. The firm's 50 day moving average is $226.92 and its 200-day moving average is $222.28.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its earnings results on Thursday, May 8th. The energy company reported $1.57 earnings per share for the quarter, missing analysts' consensus estimates of $2.81 by ($1.24). The firm had revenue of $5.44 billion for the quarter, compared to analyst estimates of $4.73 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. Cheniere Energy's quarterly revenue was up 28.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.13 earnings per share. Equities research analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, May 19th. Shareholders of record on Friday, May 9th were given a dividend of $0.50 per share. The ex-dividend date was Friday, May 9th. This represents a $2.00 dividend on an annualized basis and a yield of 0.86%. Cheniere Energy's dividend payout ratio (DPR) is 14.63%.

Insiders Place Their Bets

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of Cheniere Energy stock in a transaction on Thursday, February 27th. The shares were 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 directly owns 33,934 shares of the company's stock, valued at $7,448,852.34. The trade was a 20.96% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.26% of the company's stock.

Analyst Upgrades and Downgrades

LNG has been the subject of a number of recent research reports. UBS Group restated a "buy" rating and issued a $277.00 price objective on shares of Cheniere Energy in a research note on Tuesday, March 18th. JPMorgan Chase & Co. increased their price objective on shares of Cheniere Energy from $252.00 to $265.00 and gave the company an "overweight" rating in a research note on Monday, April 28th. Stifel Nicolaus dropped their price objective on shares of Cheniere Energy from $255.00 to $247.00 and set a "buy" rating for the company in a research note on Tuesday, April 22nd. Scotiabank lowered their target price on shares of Cheniere Energy from $243.00 to $242.00 and set a "sector outperform" rating on the stock in a report on Tuesday, April 29th. Finally, Bank of America upped their target price on shares of Cheniere Energy from $254.00 to $258.00 and gave the stock a "buy" rating in a report on Tuesday, April 29th. Two research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $252.23.

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.

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