Paloma Partners Management Co Sells 8,643 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Paloma Partners Management Co lowered its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 65.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,600 shares of the energy company's stock after selling 8,643 shares during the quarter. Paloma Partners Management Co's holdings in Cheniere Energy were worth $827,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Octavia Wealth Advisors LLC raised its stake in Cheniere Energy by 3.7% during the 3rd quarter. Octavia Wealth Advisors LLC now owns 1,498 shares of the energy company's stock worth $269,000 after buying an additional 54 shares during the period. MAI Capital Management lifted its holdings in shares of Cheniere Energy by 1.5% during the 3rd quarter. MAI Capital Management now owns 4,204 shares of the energy company's stock valued at $756,000 after purchasing an additional 62 shares in the last quarter. Signature Wealth Management Group grew its position in shares of Cheniere Energy by 1.4% in the 2nd quarter. Signature Wealth Management Group now owns 4,758 shares of the energy company's stock valued at $832,000 after purchasing an additional 66 shares during the period. Sapient Capital LLC increased its stake in Cheniere Energy by 0.9% during the 3rd quarter. Sapient Capital LLC now owns 7,514 shares of the energy company's stock worth $1,351,000 after purchasing an additional 67 shares in the last quarter. Finally, Capital Advisors Ltd. LLC raised its holdings in Cheniere Energy by 57.6% during the 2nd 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 period. Institutional investors own 87.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LNG. UBS Group boosted 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. Royal Bank of Canada increased their price objective on Cheniere Energy from $201.00 to $217.00 and gave the stock an "outperform" rating in a report on Wednesday, October 16th. Stifel Nicolaus cut their target price on Cheniere Energy from $208.00 to $204.00 and set a "buy" rating on the stock in a research note on Friday, August 9th. Bank of America assumed coverage on shares of Cheniere Energy in a research note on Thursday, October 17th. They set a "buy" rating and a $215.00 price target for the company. Finally, TD Cowen boosted their price objective on shares of Cheniere Energy from $202.00 to $242.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $212.89.

Cheniere Energy Stock Performance

Shares of LNG stock traded up $0.63 on Tuesday, reaching $223.20. The stock had a trading volume of 928,263 shares, compared to its average volume of 1,780,713. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month high of $225.44. 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 firm has a market capitalization of $50.08 billion, a price-to-earnings ratio of 14.25 and a beta of 0.97. The firm's 50-day moving average is $197.60 and its two-hundred day moving average is $182.08.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its 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. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The company had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same period in the previous year, the company posted $2.37 EPS. The firm's revenue for the quarter was down 9.5% compared to the same quarter last year. On average, research analysts expect that Cheniere Energy, Inc. will post 11.26 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy's payout ratio is presently 12.77%.

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.