Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Golden State Equity Partners

Golden State Equity Partners reduced its position in Cheniere Energy, Inc. (NYSE:LNG) by 26.7% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 3,589 shares of the energy company’s stock after selling 1,304 shares during the quarter. Golden State Equity Partners’ holdings in Cheniere Energy were worth $645,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of LNG. Massachusetts Financial Services Co. MA increased its stake in Cheniere Energy by 1,490.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,957,451 shares of the energy company’s stock valued at $342,221,000 after buying an additional 1,834,347 shares during the period. TD Asset Management Inc increased its holdings in shares of Cheniere Energy by 231.8% in the 1st quarter. TD Asset Management Inc now owns 1,338,752 shares of the energy company’s stock valued at $215,914,000 after purchasing an additional 935,239 shares in the last quarter. Darlington Partners Capital Management LP increased its holdings in shares of Cheniere Energy by 74.6% in the 2nd quarter. Darlington Partners Capital Management LP now owns 1,514,155 shares of the energy company’s stock valued at $264,720,000 after purchasing an additional 647,096 shares in the last quarter. Zimmer Partners LP increased its holdings in shares of Cheniere Energy by 61.4% in the 1st quarter. Zimmer Partners LP now owns 1,222,723 shares of the energy company’s stock valued at $197,201,000 after purchasing an additional 465,000 shares in the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new position in shares of Cheniere Energy in the 1st quarter valued at about $70,682,000. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Trading Down 0.3 %

LNG opened at $181.92 on Thursday. The firm has a market capitalization of $41.16 billion, a P/E ratio of 9.70 and a beta of 0.94. The firm’s 50 day moving average is $183.03 and its 200-day moving average is $172.87. Cheniere Energy, Inc. has a 52-week low of $152.31 and a 52-week high of $193.16. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 2.63.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, August 8th. The energy company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.12. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $2.04 billion. Cheniere Energy had a net margin of 27.05% and a return on equity of 39.42%. Analysts expect that Cheniere Energy, Inc. will post 9.76 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.10%. Cheniere Energy’s dividend payout ratio (DPR) is presently 10.66%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Stifel Nicolaus lowered their price objective on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Barclays increased their price objective on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Royal Bank of Canada increased their price objective on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Finally, Bank of America assumed coverage on shares of Cheniere Energy in a research note on Thursday, October 17th. They issued a “buy” rating and a $215.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, Cheniere Energy presently has an average rating of “Moderate Buy” and an average target price of $200.00.

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.