TimesSquare Capital Management LLC Sells 25,225 Shares of Cheniere Energy, Inc. (NYSE:LNG)

TimesSquare Capital Management LLC decreased its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 4.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 497,207 shares of the energy company's stock after selling 25,225 shares during the period. Cheniere Energy accounts for approximately 1.6% of TimesSquare Capital Management LLC's investment portfolio, making the stock its 8th largest position. TimesSquare Capital Management LLC owned 0.22% of Cheniere Energy worth $106,835,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Creative Planning boosted its position in shares of Cheniere Energy by 10.4% during the 3rd quarter. Creative Planning now owns 32,688 shares of the energy company's stock worth $5,879,000 after purchasing an additional 3,069 shares during the period. Bleakley Financial Group LLC boosted its position in shares of Cheniere Energy by 8.0% during the 3rd quarter. Bleakley Financial Group LLC now owns 4,284 shares of the energy company's stock worth $770,000 after purchasing an additional 318 shares during the period. Blue Trust Inc. boosted its position in shares of Cheniere Energy by 205.4% during the 3rd quarter. Blue Trust Inc. now owns 1,417 shares of the energy company's stock worth $248,000 after purchasing an additional 953 shares during the period. Raymond James & Associates boosted its position in shares of Cheniere Energy by 9.8% during the 3rd quarter. Raymond James & Associates now owns 310,715 shares of the energy company's stock worth $55,879,000 after purchasing an additional 27,669 shares during the period. Finally, Toth Financial Advisory Corp boosted its position in shares of Cheniere Energy by 1,737.1% during the 3rd quarter. Toth Financial Advisory Corp now owns 5,346 shares of the energy company's stock worth $961,000 after purchasing an additional 5,055 shares during the period. Hedge funds and other institutional investors own 87.26% of the company's stock.

Wall Street Analyst Weigh In

LNG has been the subject of a number of research analyst reports. Wells Fargo & Company increased their price objective on shares of Cheniere Energy from $213.00 to $235.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 18th. Scotiabank increased their price objective on shares of Cheniere Energy from $242.00 to $247.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, January 21st. The Goldman Sachs Group increased their price objective 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. TD Cowen increased their price objective on shares of Cheniere Energy from $242.00 to $250.00 and gave the stock a "buy" rating in a research report on Monday, January 27th. Finally, Morgan Stanley increased their target price on shares of Cheniere Energy from $195.00 to $255.00 and gave the stock an "overweight" rating in a report on Friday, January 31st. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Cheniere Energy currently has a consensus rating of "Moderate Buy" and an average price target of $235.75.

Cheniere Energy Stock Down 2.7 %

Shares of LNG traded down $6.02 during midday trading on Friday, reaching $220.90. The stock had a trading volume of 2,487,404 shares, compared to its average volume of 2,424,408. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $257.65. The company's fifty day simple moving average is $222.92 and its two-hundred day simple moving average is $203.27. The company has a market cap of $49.56 billion, a price-to-earnings ratio of 14.11 and a beta of 0.98. 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 (NYSE:LNG - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 earnings per share for the quarter, beating analysts' consensus estimates of $2.74 by $1.59. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The business had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.44 billion. Equities research analysts expect that Cheniere Energy, Inc. will post 12.77 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Friday, February 7th will be issued a $0.50 dividend. The ex-dividend date is Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.91%. Cheniere Energy's payout ratio is 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.