International Assets Investment Management LLC Trims Holdings in Cheniere Energy, Inc. (NYSE:LNG)

International Assets Investment Management LLC trimmed its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 98.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,904 shares of the energy company's stock after selling 157,016 shares during the period. International Assets Investment Management LLC's holdings in Cheniere Energy were worth $420,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Diversified Trust Co bought a new stake in Cheniere Energy during the fourth quarter valued at $614,000. Oliver Luxxe Assets LLC purchased a new stake in shares of Cheniere Energy in the 4th quarter valued at about $4,618,000. Fortem Financial Group LLC bought a new stake in shares of Cheniere Energy during the 4th quarter valued at about $239,000. Insight Wealth Strategies LLC purchased a new position in shares of Cheniere Energy during the fourth quarter worth about $4,455,000. Finally, GAMMA Investing LLC increased its position in shares of Cheniere Energy by 12.1% in the fourth quarter. GAMMA Investing LLC now owns 1,351 shares of the energy company's stock worth $290,000 after purchasing an additional 146 shares during the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Trading Up 0.0 %

Cheniere Energy stock traded up $0.11 during trading hours on Friday, reaching $225.30. The company had a trading volume of 1,630,983 shares, compared to its average volume of 1,513,864. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $229.63. The firm has a market cap of $50.55 billion, a price-to-earnings ratio of 14.39 and a beta of 0.99. The company has a 50-day moving average price of $215.00 and a 200 day moving average price of $193.12.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.87 by $2.06. The company had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. Cheniere Energy's revenue was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.37 EPS. Equities analysts forecast that Cheniere Energy, Inc. will post 11.25 earnings per share for the current year.

Cheniere Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date was Friday, November 8th. Cheniere Energy's payout ratio is 12.77%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LNG. Stifel Nicolaus lifted their target price on shares of Cheniere Energy from $204.00 to $237.00 and gave the company a "buy" rating in a research report on Wednesday, December 4th. Barclays lifted their price objective on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an "overweight" rating in a report on Tuesday, October 15th. The Goldman Sachs Group increased their target price on Cheniere Energy from $234.00 to $261.00 and gave the company a "buy" rating in a research note on Thursday, December 19th. Bank of America began coverage on Cheniere Energy in a research note on Thursday, October 17th. They set a "buy" rating and a $215.00 price target for the company. Finally, Wells Fargo & Company increased their price objective on Cheniere Energy from $213.00 to $235.00 and gave the company an "overweight" rating in a research report on Wednesday, December 18th. Two investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $226.55.

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.