Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Qsemble Capital Management LP

Qsemble Capital Management LP decreased its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 86.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,027 shares of the energy company's stock after selling 25,094 shares during the period. Qsemble Capital Management LP's holdings in Cheniere Energy were worth $724,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Bank of Montreal Can boosted its stake in Cheniere Energy by 77.5% in the third quarter. Bank of Montreal Can now owns 433,686 shares of the energy company's stock valued at $77,903,000 after acquiring an additional 189,396 shares in the last quarter. Brown Brothers Harriman & Co. boosted its position in shares of Cheniere Energy by 2,176.2% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 2,777 shares of the energy company's stock valued at $499,000 after purchasing an additional 2,655 shares during the period. Independent Advisor Alliance purchased a new position in Cheniere Energy during the 3rd quarter worth approximately $268,000. Dynamic Technology Lab Private Ltd purchased a new stake in Cheniere Energy in the third quarter valued at approximately $1,994,000. Finally, Fisher Asset Management LLC lifted its stake in Cheniere Energy by 48.4% in the third quarter. Fisher Asset Management LLC now owns 2,290 shares of the energy company's stock valued at $412,000 after buying an additional 747 shares during the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LNG. Royal Bank of Canada lifted their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. UBS Group upped their target price on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a "buy" rating in a report on Friday, November 15th. TD Cowen raised their price target on Cheniere Energy from $202.00 to $242.00 and gave the stock a "buy" rating in a report on Tuesday. Bank of America began coverage on Cheniere Energy in a research report on Thursday, October 17th. They issued a "buy" rating and a $215.00 price target on the stock. Finally, Stifel Nicolaus lowered their target price on Cheniere Energy from $208.00 to $204.00 and set a "buy" rating on the stock in a research note on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $212.89.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $221.90 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $225.44. The stock has a market cap of $49.79 billion, a price-to-earnings ratio of 14.17 and a beta of 0.94. The company's 50-day moving average price is $193.45 and its 200 day moving average price is $179.78.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, beating analysts' consensus estimates of $1.87 by $2.06. The business had revenue of $3.76 billion during 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%. The business's revenue for the quarter was down 9.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.37 earnings per share. As a group, research analysts forecast that Cheniere Energy, Inc. will post 11.26 earnings per share for the current fiscal 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 $0.50 dividend. The ex-dividend date was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.90%. Cheniere Energy's dividend payout ratio (DPR) is currently 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.

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