Los Angeles Capital Management LLC Has $12.16 Million Stake in Cheniere Energy, Inc. (NYSE:LNG)

Los Angeles Capital Management LLC decreased its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 85.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 71,232 shares of the energy company's stock after selling 419,374 shares during the period. Los Angeles Capital Management LLC's holdings in Cheniere Energy were worth $12,160,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in LNG. First Trust Direct Indexing L.P. grew its position in shares of Cheniere Energy by 26.4% during the 4th quarter. First Trust Direct Indexing L.P. now owns 4,811 shares of the energy company's stock worth $821,000 after buying an additional 1,004 shares in the last quarter. Summit Financial LLC raised its holdings in shares of Cheniere Energy by 9.9% in the 4th quarter. Summit Financial LLC now owns 5,431 shares of the energy company's stock valued at $927,000 after purchasing an additional 491 shares in the last quarter. Kestra Private Wealth Services LLC lifted its position in shares of Cheniere Energy by 8.9% in the 4th quarter. Kestra Private Wealth Services LLC now owns 2,009 shares of the energy company's stock worth $343,000 after purchasing an additional 164 shares during the period. Investment House LLC bought a new position in shares of Cheniere Energy during the fourth quarter valued at approximately $854,000. Finally, Meixler Investment Management Ltd. increased its holdings in Cheniere Energy by 14.6% during the fourth quarter. Meixler Investment Management Ltd. now owns 1,537 shares of the energy company's stock valued at $262,000 after buying an additional 196 shares during the period. 87.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

LNG has been the subject of several analyst reports. Redburn Atlantic started coverage on shares of Cheniere Energy in a research report on Tuesday, April 16th. They set a "neutral" rating and a $162.00 price target for the company. StockNews.com lowered shares of Cheniere Energy from a "buy" rating to a "hold" rating in a report on Monday, April 8th. UBS Group decreased their price objective on Cheniere Energy from $223.00 to $206.00 and set a "buy" rating for the company in a report on Wednesday, April 24th. TD Cowen dropped their target price on Cheniere Energy from $185.00 to $178.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 27th. Finally, Barclays increased their price target on Cheniere Energy from $192.00 to $194.00 and gave the company an "overweight" rating in a research note on Wednesday, January 17th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $193.90.

Cheniere Energy Stock Down 1.9 %

Shares of NYSE LNG traded down $3.09 during trading on Friday, hitting $157.54. The company had a trading volume of 3,959,078 shares, compared to its average volume of 1,812,543. The firm has a market capitalization of $36.34 billion, a price-to-earnings ratio of 7.67 and a beta of 0.95. The firm's fifty day simple moving average is $157.83. The company has a quick ratio of 1.51, a current ratio of 1.63 and a debt-to-equity ratio of 2.59. Cheniere Energy, Inc. has a fifty-two week low of $135.30 and a fifty-two week high of $183.46.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings results on Friday, May 3rd. The energy company reported $2.13 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.30 by ($0.17). Cheniere Energy had a return on equity of 69.52% and a net margin of 48.45%. The firm had revenue of $4.25 billion during the quarter, compared to analyst estimates of $3.97 billion. During the same period in the prior year, the firm earned $6.89 earnings per share. The business's revenue was down 41.8% on a year-over-year basis. On average, analysts anticipate that Cheniere Energy, Inc. will post 8.4 earnings per share for the current year.

Cheniere Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Investors of record on Friday, May 10th will be issued a $0.435 dividend. This represents a $1.74 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date is Thursday, May 9th. Cheniere Energy's dividend payout ratio is presently 8.48%.

Cheniere Energy 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.