Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Highland Capital Management LLC

Highland Capital Management LLC lessened its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 1.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,710 shares of the energy company’s stock after selling 535 shares during the quarter. Highland Capital Management LLC’s holdings in Cheniere Energy were worth $5,954,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of LNG. Miracle Mile Advisors LLC purchased a new position in shares of Cheniere Energy during the fourth quarter worth about $2,127,000. Insight Wealth Strategies LLC acquired a new position in Cheniere Energy during the fourth quarter worth approximately $4,455,000. Anderson Hoagland & Co. purchased a new stake in Cheniere Energy in the fourth quarter valued at approximately $2,460,000. Covea Finance boosted its holdings in shares of Cheniere Energy by 18.8% in the fourth quarter. Covea Finance now owns 121,400 shares of the energy company’s stock valued at $26,085,000 after acquiring an additional 19,200 shares during the period. Finally, Kathmere Capital Management LLC purchased a new position in shares of Cheniere Energy during the fourth quarter worth approximately $245,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. UBS Group upped their price target on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Royal Bank of Canada increased their price objective on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. TD Cowen increased their price target on Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a report on Monday. Wells Fargo & Company boosted their price target on shares of Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 18th. Finally, Bank of America initiated coverage on Cheniere Energy in a research report on Thursday, October 17th. They set a “buy” rating and a $215.00 target price on the stock. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $232.36.

Cheniere Energy Stock Performance

Shares of NYSE LNG opened at $228.14 on Thursday. 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 company has a market cap of $51.19 billion, a PE ratio of 14.57 and a beta of 0.99. The company has a 50-day simple moving average of $222.87 and a 200-day simple moving average of $198.62. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month high of $257.65.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, beating the consensus estimate of $1.87 by $2.06. The business had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The company’s revenue was down 9.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.37 EPS. On average, equities analysts anticipate that Cheniere Energy, Inc. will post 12.67 earnings per share for the current year.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, February 7th. This represents a $2.00 annualized dividend and a yield of 0.88%. Cheniere Energy’s dividend payout ratio is currently 12.77%.

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.