Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC cut its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 1.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,636,522 shares of the energy company's stock after selling 35,025 shares during the period. Geode Capital Management LLC owned 1.62% of Cheniere Energy worth $652,409,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Jennison Associates LLC raised its stake in Cheniere Energy by 2.9% during the 3rd quarter. Jennison Associates LLC now owns 1,324,360 shares of the energy company's stock valued at $238,173,000 after acquiring an additional 37,729 shares during the last quarter. M&G PLC raised its stake in shares of Cheniere Energy by 21.0% during the third quarter. M&G PLC now owns 268,834 shares of the energy company's stock worth $48,390,000 after purchasing an additional 46,602 shares during the last quarter. Continuum Advisory LLC lifted its holdings in shares of Cheniere Energy by 42.1% during the third quarter. Continuum Advisory LLC now owns 12,919 shares of the energy company's stock worth $2,323,000 after purchasing an additional 3,828 shares during the period. Victory Capital Management Inc. grew its position in Cheniere Energy by 2.5% in the 3rd quarter. Victory Capital Management Inc. now owns 113,635 shares of the energy company's stock valued at $20,436,000 after buying an additional 2,768 shares during the last quarter. Finally, Nwam LLC purchased a new position in Cheniere Energy in the 3rd quarter valued at $2,747,000. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Price Performance

NYSE LNG traded down $1.65 during mid-day trading on Friday, hitting $212.98. The stock had a trading volume of 1,202,536 shares, compared to its average volume of 1,761,548. The company has a 50 day simple moving average of $202.78 and a 200 day simple moving average of $184.67. 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 cap of $47.79 billion, a price-to-earnings ratio of 13.72 and a beta of 0.97. Cheniere Energy, Inc. has a 52-week low of $152.31 and a 52-week high of $228.10.

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 for the quarter, beating analysts' consensus estimates of $1.87 by $2.06. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The business had revenue of $3.76 billion during the quarter, compared to analysts' expectations of $3.76 billion. During the same quarter last year, the business posted $2.37 earnings per share. The business's revenue for the quarter was down 9.5% on a year-over-year basis. Equities analysts forecast that Cheniere Energy, Inc. will post 11.25 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy's dividend payout ratio (DPR) is presently 12.77%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on LNG. Bank of America began coverage on shares of Cheniere Energy in a research note on Thursday, October 17th. They issued a "buy" rating and a $215.00 target price for the company. UBS Group raised their price objective on shares of Cheniere Energy from $232.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Stifel Nicolaus lifted their price objective on Cheniere Energy from $204.00 to $237.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Royal Bank of Canada increased their target price on Cheniere Energy from $201.00 to $217.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. Finally, 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. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $216.56.

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.