SIR Capital Management L.P. Lowers Stake in Cheniere Energy, Inc. (NYSE:LNG)

SIR Capital Management L.P. reduced its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 48.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 139,181 shares of the energy company's stock after selling 128,891 shares during the period. Cheniere Energy comprises about 3.1% of SIR Capital Management L.P.'s investment portfolio, making the stock its 8th biggest position. SIR Capital Management L.P. owned 0.06% of Cheniere Energy worth $29,906,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. MassMutual Private Wealth & Trust FSB boosted its holdings in Cheniere Energy by 170.5% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company's stock valued at $26,000 after acquiring an additional 75 shares during the last quarter. WR Wealth Planners LLC boosted its stake in shares of Cheniere Energy by 373.1% in the 4th quarter. WR Wealth Planners LLC now owns 123 shares of the energy company's stock valued at $26,000 after purchasing an additional 97 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Cheniere Energy during the 4th quarter worth approximately $29,000. Banque Transatlantique SA bought a new stake in shares of Cheniere Energy during the fourth quarter worth approximately $32,000. Finally, Nemes Rush Group LLC lifted its holdings in Cheniere Energy by 2,022.2% in the fourth quarter. Nemes Rush Group LLC now owns 191 shares of the energy company's stock valued at $41,000 after buying an additional 182 shares during the period. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Stock Down 0.8%

LNG traded down $1.92 during trading on Monday, reaching $233.15. 1,275,367 shares of the stock were exchanged, compared to its average volume of 1,861,762. The stock has a market cap of $51.71 billion, a P/E ratio of 16.38 and a beta of 0.41. 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's 50 day moving average price is $226.57 and its two-hundred day moving average price is $221.96. Cheniere Energy, Inc. has a twelve month low of $153.03 and a twelve month high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued 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 during the quarter, compared to analyst estimates of $4.73 billion. The company's revenue for the quarter was up 28.0% on a year-over-year basis. During the same quarter last year, the business posted $2.13 earnings per share. Equities analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 19th. Investors of record on Friday, May 9th will be issued 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 is Friday, May 9th. Cheniere Energy's payout ratio is presently 14.63%.

Insider Buying and Selling at Cheniere Energy

In related news, Director G Andrea Botta sold 9,000 shares of the business's stock in a transaction on 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 sale, 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 document filed with the SEC, which is available through the SEC website. Insiders own 0.26% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Morgan Stanley increased their price target on Cheniere Energy from $195.00 to $255.00 and gave the company an "overweight" rating in a research note on Friday, January 31st. TD Cowen boosted 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. UBS Group reissued a "buy" rating and issued a $277.00 price target on shares of Cheniere Energy in a report on Tuesday, March 18th. Bank of America raised their price objective on Cheniere Energy from $254.00 to $258.00 and gave the stock a "buy" rating in a research note on Tuesday, April 29th. Finally, StockNews.com cut Cheniere Energy from a "buy" rating to a "hold" rating in a research note on Friday, May 9th. Two equities research 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's stock. According to MarketBeat.com, Cheniere Energy has a consensus rating of "Moderate Buy" and a consensus target price of $252.23.

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.