Lighthouse Investment Partners LLC Cuts Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Lighthouse Investment Partners LLC trimmed its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 20.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brookstone Capital Management boosted its holdings in Cheniere Energy by 13.4% in the 4th quarter. Brookstone Capital Management now owns 1,875 shares of the energy company's stock worth $403,000 after buying an additional 221 shares during the period. Wedmont Private Capital boosted its holdings in Cheniere Energy by 10.8% in the 4th quarter. Wedmont Private Capital now owns 2,755 shares of the energy company's stock worth $621,000 after buying an additional 269 shares during the period. SeaCrest Wealth Management LLC boosted its holdings in Cheniere Energy by 2.9% in the 4th quarter. SeaCrest Wealth Management LLC now owns 2,590 shares of the energy company's stock worth $557,000 after buying an additional 74 shares during the period. Pines Wealth Management LLC bought a new position in Cheniere Energy in the 4th quarter worth $358,000. Finally, Oak Thistle LLC boosted its holdings in Cheniere Energy by 36.1% in the 4th quarter. Oak Thistle LLC now owns 7,462 shares of the energy company's stock worth $1,603,000 after buying an additional 1,980 shares during the period. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on LNG shares. Scotiabank dropped their target price on shares of Cheniere Energy from $243.00 to $242.00 and set a "sector outperform" rating for the company in a report on Tuesday, April 29th. Mizuho upped their target price on shares of Cheniere Energy from $248.00 to $254.00 and gave the stock an "outperform" rating in a report on Tuesday, March 18th. TD Cowen increased their price objective on shares of Cheniere Energy from $250.00 to $260.00 and gave the company a "buy" rating in a report on Friday, May 9th. Morgan Stanley increased their price objective on shares of Cheniere Energy from $195.00 to $255.00 and gave the company an "overweight" rating in a report on Friday, January 31st. Finally, 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 report on Tuesday, April 22nd. Two research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $252.23.

Insider Transactions at Cheniere Energy

In other news, Director G Andrea Botta sold 9,000 shares of the firm's stock in a transaction that occurred 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 of the company's stock, valued at approximately $7,448,852.34. This trade represents a 20.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.26% of the company's stock.

Cheniere Energy Trading Down 0.1%

NYSE LNG traded down $0.24 during trading on Tuesday, hitting $232.97. The stock had a trading volume of 231,761 shares, compared to its average volume of 1,855,418. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The stock has a market capitalization of $51.67 billion, a price-to-earnings ratio of 16.38 and a beta of 0.41. Cheniere Energy, Inc. has a one year low of $153.03 and a one year high of $257.65. The stock has a 50 day simple moving average of $226.92 and a 200 day simple moving average of $222.28.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $4.73 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The firm's revenue for the quarter was up 28.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.13 EPS. Sell-side analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

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

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.