TimesSquare Capital Management LLC Sells 20,980 Shares of Cheniere Energy, Inc. (NYSE:LNG)

TimesSquare Capital Management LLC trimmed its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 3.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 570,652 shares of the energy company's stock after selling 20,980 shares during the quarter. Cheniere Energy accounts for about 1.4% of TimesSquare Capital Management LLC's holdings, making the stock its 12th biggest holding. TimesSquare Capital Management LLC owned approximately 0.24% of Cheniere Energy worth $97,416,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in LNG. Commonwealth Equity Services LLC increased its stake in shares of Cheniere Energy by 5.6% in the 3rd quarter. Commonwealth Equity Services LLC now owns 38,061 shares of the energy company's stock worth $6,317,000 after acquiring an additional 2,031 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Cheniere Energy by 2.4% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 92,086 shares of the energy company's stock valued at $15,283,000 after buying an additional 2,140 shares during the period. Brown Advisory Inc. increased its position in shares of Cheniere Energy by 11.6% during the 3rd quarter. Brown Advisory Inc. now owns 1,869 shares of the energy company's stock valued at $310,000 after purchasing an additional 194 shares during the last quarter. Farmers & Merchants Investments Inc. grew its position in shares of Cheniere Energy by 21.1% during the 3rd quarter. Farmers & Merchants Investments Inc. now owns 345 shares of the energy company's stock valued at $57,000 after acquiring an additional 60 shares during the period. Finally, IFM Investors Pty Ltd increased its position in Cheniere Energy by 0.8% in the third quarter. IFM Investors Pty Ltd now owns 80,982 shares of the energy company's stock worth $13,440,000 after buying an additional 680 shares in the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Price Performance

Shares of LNG stock traded up $0.75 on Thursday, hitting $157.88. The stock had a trading volume of 1,420,648 shares, compared to its average volume of 1,935,324. The firm has a 50 day moving average of $158.06. Cheniere Energy, Inc. has a 1 year low of $135.30 and a 1 year high of $183.46. The company has a debt-to-equity ratio of 2.59, a current ratio of 1.63 and a quick ratio of 1.51. The firm has a market capitalization of $36.42 billion, a price-to-earnings ratio of 7.69 and a beta of 0.95.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its quarterly earnings results on Friday, May 3rd. The energy company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.17). The business had revenue of $4.25 billion during the quarter, compared to analyst estimates of $3.97 billion. Cheniere Energy had a return on equity of 48.95% and a net margin of 28.55%. The business's revenue was down 41.8% on a year-over-year basis. During the same quarter last year, the firm earned $6.89 EPS. On average, equities analysts forecast that Cheniere Energy, Inc. will post 8.4 EPS for the current year.

Cheniere Energy Announces Dividend

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Redburn Atlantic initiated coverage on shares of Cheniere Energy in a report on Tuesday, April 16th. They set a "neutral" rating and a $162.00 price objective for the company. UBS Group lowered their target price on shares of Cheniere Energy from $223.00 to $206.00 and set a "buy" rating for the company in a research note on Wednesday, April 24th. TD Cowen lowered their target price on Cheniere Energy from $185.00 to $178.00 and set an "outperform" rating for the company in a report on Tuesday, February 27th. StockNews.com lowered shares of Cheniere Energy from a "buy" rating to a "hold" rating in a report on Monday, April 8th. Finally, Barclays increased their price target on shares of Cheniere Energy from $192.00 to $194.00 and gave the company an "overweight" rating in a research report on Wednesday, January 17th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $196.40.

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.

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