ExodusPoint Capital Management LP Sells 116,046 Shares of Cheniere Energy, Inc. (NYSE:LNG)

ExodusPoint Capital Management LP trimmed its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 59.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,954 shares of the energy company's stock after selling 116,046 shares during the period. ExodusPoint Capital Management LP's holdings in Cheniere Energy were worth $16,750,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP grew its stake in Cheniere Energy by 195.1% in the third quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company's stock valued at $755,410,000 after acquiring an additional 2,776,920 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of Cheniere Energy by 10.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 4,126,512 shares of the energy company's stock valued at $886,664,000 after purchasing an additional 379,142 shares in the last quarter. Norges Bank acquired a new position in shares of Cheniere Energy in the 4th quarter valued at approximately $629,197,000. Amundi raised its holdings in Cheniere Energy by 19.9% during the 4th quarter. Amundi now owns 2,696,002 shares of the energy company's stock worth $606,907,000 after buying an additional 448,189 shares during the period. Finally, TD Asset Management Inc. lifted its stake in Cheniere Energy by 5.2% in the fourth quarter. TD Asset Management Inc. now owns 1,841,988 shares of the energy company's stock valued at $395,788,000 after buying an additional 91,554 shares in the last quarter. Institutional investors own 87.26% of the company's stock.

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Cheniere Energy Price Performance

Shares of NYSE:LNG traded up $12.71 during midday trading on Wednesday, hitting $217.87. The stock had a trading volume of 4,324,777 shares, compared to its average volume of 1,869,439. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The company has a market capitalization of $48.73 billion, a P/E ratio of 15.31 and a beta of 0.67. The company's 50-day moving average price is $220.05 and its 200-day moving average price is $212.97. Cheniere Energy, Inc. has a fifty-two week low of $152.88 and a fifty-two week high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share for the quarter, topping the consensus estimate of $2.74 by $1.59. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The firm had revenue of $4.44 billion during the quarter, compared to analysts' expectations of $4.44 billion. As a group, equities research analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.92%. Cheniere Energy's dividend payout ratio (DPR) is currently 14.05%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. StockNews.com upgraded shares of Cheniere Energy from a "hold" rating to a "buy" rating in a report on Friday, February 21st. Barclays boosted their price target on Cheniere Energy from $202.00 to $253.00 and gave the company an "overweight" rating in a report on Thursday, January 16th. Argus assumed coverage on Cheniere Energy in a report on Tuesday, March 18th. They set a "buy" rating and a $255.00 price objective for the company. The Goldman Sachs Group upped their price target on Cheniere Energy from $234.00 to $261.00 and gave the stock a "buy" rating in a research report on Thursday, December 19th. Finally, TD Cowen lifted their price objective on shares of Cheniere Energy from $242.00 to $250.00 and gave the company a "buy" rating in a report on Monday, January 27th. One equities research analyst has rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, Cheniere Energy has a consensus rating of "Moderate Buy" and a consensus price target of $239.79.

Insider Activity

In other news, Director G Andrea Botta sold 9,000 shares of Cheniere Energy stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the sale, the director now directly owns 33,934 shares of the company's stock, valued at approximately $7,448,852.34. This trade represents a 20.96 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.29% of the stock is currently owned by corporate insiders.

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.