Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. cut its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 1.4% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 537,167 shares of the energy company's stock after selling 7,558 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.24% of Cheniere Energy worth $96,604,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. WealthPlan Investment Management LLC boosted its holdings in shares of Cheniere Energy by 36.9% in the 3rd quarter. WealthPlan Investment Management LLC now owns 15,827 shares of the energy company's stock valued at $2,846,000 after purchasing an additional 4,264 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Cheniere Energy in the third quarter valued at $851,000. Waverton Investment Management Ltd boosted its holdings in Cheniere Energy by 2.0% in the third quarter. Waverton Investment Management Ltd now owns 145,673 shares of the energy company's stock valued at $26,194,000 after acquiring an additional 2,813 shares during the last quarter. Harbour Investments Inc. increased its stake in Cheniere Energy by 7.4% during the third quarter. Harbour Investments Inc. now owns 1,194 shares of the energy company's stock worth $215,000 after acquiring an additional 82 shares during the last quarter. Finally, Entropy Technologies LP raised its holdings in shares of Cheniere Energy by 29.1% in the 3rd quarter. Entropy Technologies LP now owns 18,668 shares of the energy company's stock worth $3,357,000 after purchasing an additional 4,212 shares during the period. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on LNG. Royal Bank of Canada increased their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 16th. Barclays lifted their target price on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an "overweight" rating in a report on Tuesday, October 15th. Bank of America began coverage on Cheniere Energy in a report on Thursday, October 17th. They issued a "buy" rating and a $215.00 price target for the company. TD Cowen raised their price objective on Cheniere Energy from $192.00 to $202.00 and gave the company a "buy" rating in a research report on Tuesday, November 5th. Finally, Stifel Nicolaus decreased their target price on Cheniere Energy from $208.00 to $204.00 and set a "buy" rating for the company in a research report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $201.89.

Cheniere Energy Stock Down 0.9 %

Shares of LNG stock traded down $1.89 during mid-day trading on Thursday, reaching $208.11. 734,615 shares of the company were exchanged, compared to its average volume of 1,778,813. The company has a market capitalization of $46.69 billion, a P/E ratio of 13.41 and a beta of 0.94. The business's 50 day simple moving average is $186.42 and its 200 day simple moving average is $175.82. 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 fifty-two week low of $152.31 and a fifty-two week high of $217.95.

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 business had revenue of $3.76 billion for the quarter, compared to analysts' expectations of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The company's quarterly revenue was down 9.5% compared to the same quarter last year. During the same quarter last year, the company posted $2.37 earnings per share. Research analysts predict that Cheniere Energy, Inc. will post 11.26 earnings per share for the current year.

Cheniere Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Friday, November 8th. Cheniere Energy's dividend payout ratio is currently 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.