Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Maple Brown Abbott Ltd

Maple Brown Abbott Ltd trimmed its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 28.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 198,270 shares of the energy company's stock after selling 79,240 shares during the period. Cheniere Energy makes up about 5.2% of Maple Brown Abbott Ltd's holdings, making the stock its 10th biggest position. Maple Brown Abbott Ltd owned approximately 0.09% of Cheniere Energy worth $42,602,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of LNG. Miracle Mile Advisors LLC acquired a new position in shares of Cheniere Energy in the 4th quarter valued at about $2,127,000. Insight Wealth Strategies LLC acquired a new position in Cheniere Energy in the 4th quarter valued at approximately $4,455,000. Covea Finance boosted its stake in shares of Cheniere Energy by 18.8% during the 4th quarter. Covea Finance now owns 121,400 shares of the energy company's stock valued at $26,085,000 after buying an additional 19,200 shares during the period. Kathmere Capital Management LLC acquired a new stake in shares of Cheniere Energy during the 4th quarter valued at $245,000. Finally, Continuum Advisory LLC grew its holdings in shares of Cheniere Energy by 42.1% during the 3rd quarter. Continuum Advisory LLC now owns 12,919 shares of the energy company's stock valued at $2,323,000 after acquiring an additional 3,828 shares in the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. UBS Group lifted their price objective on Cheniere Energy from $232.00 to $265.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Bank of America started coverage on Cheniere Energy in a report on Thursday, October 17th. They set a "buy" rating and a $215.00 price target for the company. Scotiabank increased their price objective on Cheniere Energy from $242.00 to $247.00 and gave the stock a "sector outperform" rating in a report on Tuesday, January 21st. Barclays lifted their target price on shares of Cheniere Energy from $202.00 to $253.00 and gave the company an "overweight" rating in a research note on Thursday, January 16th. Finally, Royal Bank of Canada increased their price target on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. Two research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $232.36.

Cheniere Energy Stock Performance

Shares of Cheniere Energy stock traded down $7.86 during trading on Monday, reaching $224.00. The company's stock had a trading volume of 3,318,080 shares, compared to its average volume of 2,442,111. Cheniere Energy, Inc. has a one year low of $152.31 and a one year high of $257.65. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The firm has a market cap of $50.26 billion, a price-to-earnings ratio of 14.30 and a beta of 0.99. The business's fifty day moving average price is $222.57 and its 200-day moving average price is $197.94.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, topping the consensus estimate of $1.87 by $2.06. The company had revenue of $3.76 billion for 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 revenue for the quarter was down 9.5% on a year-over-year basis. During the same period in the previous year, the business posted $2.37 EPS. As a group, equities research analysts predict that Cheniere Energy, Inc. will post 12.67 earnings per share for the current year.

Cheniere Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were given a $0.50 dividend. The ex-dividend date was Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 0.89%. Cheniere Energy's dividend payout ratio is 12.77%.

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.