Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. lowered its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 38.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,620 shares of the energy company's stock after selling 7,149 shares during the quarter. Edgestream Partners L.P.'s holdings in Cheniere Energy were worth $2,090,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Octavia Wealth Advisors LLC raised its position in Cheniere Energy by 3.7% in the 3rd quarter. Octavia Wealth Advisors LLC now owns 1,498 shares of the energy company's stock valued at $269,000 after purchasing an additional 54 shares during the last quarter. MAI Capital Management raised its holdings in shares of Cheniere Energy by 1.5% in the third quarter. MAI Capital Management now owns 4,204 shares of the energy company's stock valued at $756,000 after buying an additional 62 shares during the last quarter. Signature Wealth Management Group boosted its stake in shares of Cheniere Energy by 1.4% during the second quarter. Signature Wealth Management Group now owns 4,758 shares of the energy company's stock worth $832,000 after buying an additional 66 shares during the period. Sapient Capital LLC boosted its stake in shares of Cheniere Energy by 0.9% during the third quarter. Sapient Capital LLC now owns 7,514 shares of the energy company's stock worth $1,351,000 after buying an additional 67 shares during the period. Finally, Capital Advisors Ltd. LLC grew its holdings in shares of Cheniere Energy by 57.6% during the second quarter. Capital Advisors Ltd. LLC now owns 186 shares of the energy company's stock worth $33,000 after buying an additional 68 shares during the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Price Performance

LNG traded up $0.63 during midday trading on Tuesday, reaching $223.20. 928,263 shares of the company's stock were exchanged, compared to its average volume of 1,780,713. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $225.44. The stock has a market capitalization of $50.08 billion, a PE ratio of 14.25 and a beta of 0.97. 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 business's 50-day moving average price is $197.60 and its 200 day moving average price is $182.08.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $2.06. The firm 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 company's quarterly revenue was down 9.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.37 EPS. As a group, equities analysts anticipate that Cheniere Energy, Inc. will post 11.26 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a yield of 0.90%. Cheniere Energy's dividend payout ratio (DPR) is 12.77%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. UBS Group upped their price objective on shares of Cheniere Energy from $232.00 to $265.00 and gave the stock a "buy" rating in a research report on Friday, November 15th. Royal Bank of Canada raised their price target on Cheniere Energy from $201.00 to $217.00 and gave the company an "outperform" rating in a report on Wednesday, October 16th. TD Cowen lifted their price target on Cheniere Energy from $202.00 to $242.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Stifel Nicolaus cut their price objective on Cheniere Energy from $208.00 to $204.00 and set a "buy" rating for the company in a research report on Friday, August 9th. Finally, Barclays boosted their target price on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 15th. Two 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 stock has a consensus rating of "Moderate Buy" and a consensus price target of $212.89.

Cheniere Energy 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.