Border to Coast Pensions Partnership Ltd Sells 50,000 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Border to Coast Pensions Partnership Ltd trimmed its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 20.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 200,000 shares of the energy company's stock after selling 50,000 shares during the period. Border to Coast Pensions Partnership Ltd owned 0.09% of Cheniere Energy worth $42,945,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. Carolinas Wealth Consulting LLC lifted its stake in shares of Cheniere Energy by 5,000.0% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company's stock worth $27,000 after buying an additional 150 shares during the last quarter. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Cheniere Energy during the third quarter worth approximately $27,000. Capital Performance Advisors LLP acquired a new position in shares of Cheniere Energy in the third quarter valued at approximately $28,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Cheniere Energy during the second quarter worth approximately $30,000. Finally, ORG Wealth Partners LLC acquired a new stake in Cheniere Energy during the 3rd quarter worth approximately $53,000. Institutional investors and hedge funds own 87.26% of the company's stock.

Analyst Ratings Changes

A number of research analysts have commented on LNG shares. TD Cowen upped their price objective on Cheniere Energy from $202.00 to $242.00 and gave the company a "buy" rating in a report on Tuesday, November 26th. Royal Bank of Canada upped their price target 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. The Goldman Sachs Group raised their price target on shares of Cheniere Energy from $234.00 to $261.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Scotiabank assumed coverage on Cheniere Energy in a research note on Friday, January 10th. They issued a "sector outperform" rating and a $242.00 price target for the company. Finally, UBS Group boosted their price objective 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. Two analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $231.18.

Cheniere Energy Price Performance

LNG traded down $0.96 on Friday, reaching $252.70. The stock had a trading volume of 2,454,749 shares, compared to its average volume of 1,232,545. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The company has a market capitalization of $56.70 billion, a price-to-earnings ratio of 16.14 and a beta of 0.99. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $257.65. The firm has a 50-day moving average of $219.76 and a 200-day moving average of $195.33.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the prior year, the firm posted $2.37 earnings per share. The firm's revenue was down 9.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cheniere Energy, Inc. will post 12.66 EPS for the current year.

Cheniere Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.79%. Cheniere Energy's dividend payout ratio (DPR) is presently 12.77%.

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.