Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by State Street Corp

State Street Corp reduced its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 0.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 5,782,361 shares of the energy company's stock after selling 24,697 shares during the quarter. State Street Corp owned about 2.58% of Cheniere Energy worth $1,039,900,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. MCF Advisors LLC bought a new stake in shares of Cheniere Energy during the second quarter valued at approximately $26,000. Carolinas Wealth Consulting LLC lifted its position in shares of Cheniere Energy by 5,000.0% during the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company's stock valued at $27,000 after buying an additional 150 shares during the last quarter. Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Cheniere Energy in the 3rd quarter valued at about $27,000. Capital Performance Advisors LLP purchased a new position in shares of Cheniere Energy in the 3rd quarter worth approximately $28,000. Finally, Strategic Investment Solutions Inc. IL purchased a new stake in Cheniere Energy during the second quarter valued at approximately $30,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LNG has been the topic of a number of research analyst reports. Bank of America started coverage on Cheniere Energy in a research note on Thursday, October 17th. They set a "buy" rating and a $215.00 price target on the stock. UBS Group boosted their price target on Cheniere Energy from $232.00 to $265.00 and gave the company a "buy" rating in a research note on Friday, November 15th. Stifel Nicolaus lifted their price objective on shares of Cheniere Energy from $204.00 to $237.00 and gave the company a "buy" rating in a research note on Wednesday. TD Cowen lifted their price objective on Cheniere Energy from $202.00 to $242.00 and gave the company a "buy" rating in a research note on Tuesday, November 26th. Finally, Barclays raised their target price on Cheniere Energy from $199.00 to $202.00 and gave the stock an "overweight" rating in a report on Tuesday, October 15th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Cheniere Energy has a consensus rating of "Moderate Buy" and a consensus target price of $216.56.

Cheniere Energy Price Performance

Shares of NYSE:LNG traded down $3.99 during trading on Friday, reaching $221.93. The stock had a trading volume of 1,286,273 shares, compared to its average volume of 1,638,297. The stock has a market cap of $49.79 billion, a PE ratio of 14.17 and a beta of 0.97. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $228.10. The business has a fifty day moving average price of $200.29 and a 200-day moving average price of $183.27.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, topping 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 period in the prior year, the business posted $2.37 EPS. The company's revenue was down 9.5% compared to the same quarter last year. On average, equities analysts forecast that Cheniere Energy, Inc. will post 11.25 earnings per share 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 dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date was Friday, November 8th. Cheniere Energy's dividend payout ratio (DPR) 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.