Lighthouse Investment Partners LLC Has $1.07 Million Stake in Cheniere Energy, Inc. (NYSE:LNG)

Lighthouse Investment Partners LLC trimmed its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 20.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,000 shares of the energy company's stock after selling 1,250 shares during the period. Lighthouse Investment Partners LLC's holdings in Cheniere Energy were worth $1,074,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Investment Management Corp of Ontario lifted its position in Cheniere Energy by 2.3% in the fourth quarter. Investment Management Corp of Ontario now owns 14,384 shares of the energy company's stock worth $3,091,000 after purchasing an additional 317 shares during the period. Graham Capital Management L.P. bought a new position in shares of Cheniere Energy in the fourth quarter valued at $6,034,000. Ethic Inc. increased its holdings in shares of Cheniere Energy by 27.2% in the fourth quarter. Ethic Inc. now owns 20,296 shares of the energy company's stock valued at $4,361,000 after buying an additional 4,342 shares in the last quarter. Fiduciary Trust Co increased its holdings in shares of Cheniere Energy by 14.1% in the fourth quarter. Fiduciary Trust Co now owns 12,837 shares of the energy company's stock valued at $2,758,000 after buying an additional 1,591 shares in the last quarter. Finally, Frontier Capital Management Co. LLC bought a new position in shares of Cheniere Energy in the fourth quarter valued at $38,778,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Stock Down 0.4%

NYSE:LNG traded down $0.89 during trading hours on Friday, hitting $234.83. 1,460,407 shares of the stock traded hands, compared to its average volume of 1,864,117. The firm has a 50 day moving average price of $226.57 and a 200 day moving average price of $221.75. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. Cheniere Energy, Inc. has a fifty-two week low of $153.03 and a fifty-two week high of $257.65. The firm has a market cap of $52.08 billion, a price-to-earnings ratio of 16.50 and a beta of 0.41.

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

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 19th. Stockholders 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 dividend yield of 0.85%. The ex-dividend date is Friday, May 9th. Cheniere Energy's dividend payout ratio is currently 14.63%.

Insider Activity

In other news, Director G Andrea Botta sold 9,000 shares of the business's 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 transaction, the director now directly owns 33,934 shares in the company, valued at $7,448,852.34. The trade was a 20.96% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.26% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

LNG has been the topic of several research reports. Bank of America upped their price target on Cheniere Energy from $254.00 to $258.00 and gave the company a "buy" rating in a report on Tuesday, April 29th. Wolfe Research cut Cheniere Energy from an "outperform" rating to a "peer perform" rating in a report on Wednesday, April 30th. Morgan Stanley upped their price target on Cheniere Energy from $195.00 to $255.00 and gave the company an "overweight" rating in a report on Friday, January 31st. JPMorgan Chase & Co. upped their price target on Cheniere Energy from $252.00 to $265.00 and gave the company an "overweight" rating in a report on Monday, April 28th. Finally, TD Cowen upped their price target on Cheniere Energy from $250.00 to $260.00 and gave the company a "buy" rating in a report on Friday, May 9th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Cheniere Energy has an average rating of "Moderate Buy" and a consensus 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.