Nuveen Asset Management LLC Has $353.90 Million Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Nuveen Asset Management LLC cut its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 1.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,647,054 shares of the energy company's stock after selling 26,599 shares during the period. Nuveen Asset Management LLC owned about 0.73% of Cheniere Energy worth $353,902,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. The Manufacturers Life Insurance Company raised its stake in Cheniere Energy by 4.5% during the fourth quarter. The Manufacturers Life Insurance Company now owns 5,681,846 shares of the energy company's stock worth $1,220,858,000 after acquiring an additional 243,418 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of Cheniere Energy by 10.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,126,512 shares of the energy company's stock worth $886,664,000 after purchasing an additional 379,142 shares in the last quarter. Invesco Ltd. lifted its holdings in Cheniere Energy by 16.1% during the 4th quarter. Invesco Ltd. now owns 3,237,303 shares of the energy company's stock valued at $695,599,000 after purchasing an additional 450,031 shares during the last quarter. Norges Bank acquired a new position in Cheniere Energy in the fourth quarter valued at about $629,197,000. Finally, Amundi grew its stake in Cheniere Energy by 19.9% during the fourth quarter. Amundi now owns 2,696,002 shares of the energy company's stock worth $606,907,000 after buying an additional 448,189 shares during the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Cheniere Energy

In other Cheniere Energy news, Director G Andrea Botta sold 9,000 shares of the business's 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 of the company's stock, valued at approximately $7,448,852.34. The trade was a 20.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.26% of the stock is currently owned by corporate insiders.

Cheniere Energy Trading Down 0.8%

Shares of Cheniere Energy stock traded down $1.92 on Monday, hitting $233.15. 1,260,345 shares of the company's stock traded hands, compared to its average volume of 2,216,458. The firm's 50-day moving average price is $226.57 and its two-hundred day moving average price is $221.96. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. The stock has a market capitalization of $51.71 billion, a PE 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.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The energy company reported $1.57 EPS for the quarter, missing analysts' consensus estimates of $2.81 by ($1.24). Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. The company had revenue of $5.44 billion during the quarter, compared to the consensus estimate of $4.73 billion. During the same quarter in the prior year, the company posted $2.13 EPS. The company's revenue for the quarter was up 28.0% compared to the same quarter last year. On average, research analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, May 19th. Investors of record on Friday, May 9th will be given a $0.50 dividend. The ex-dividend date is Friday, May 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.86%. Cheniere Energy's dividend payout ratio is 14.63%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on LNG. Scotiabank reduced their target price on Cheniere Energy from $243.00 to $242.00 and set a "sector outperform" rating on the stock in a report on Tuesday, April 29th. StockNews.com lowered Cheniere Energy from a "buy" rating to a "hold" rating in a research note on Friday, May 9th. Raymond James reaffirmed a "strong-buy" rating on shares of Cheniere Energy in a report on Wednesday, April 23rd. TD Cowen increased their price objective on shares of Cheniere Energy from $250.00 to $260.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Finally, JPMorgan Chase & Co. raised their price objective on shares of Cheniere Energy from $252.00 to $265.00 and gave the company an "overweight" rating in a research report on Monday, April 28th. Two equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Cheniere Energy currently has a consensus 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.