Tidal Investments LLC Sells 10,435 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Tidal Investments LLC decreased its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 41.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,904 shares of the energy company's stock after selling 10,435 shares during the quarter. Tidal Investments LLC's holdings in Cheniere Energy were worth $2,680,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of LNG. MCF Advisors LLC bought a new stake in Cheniere Energy in the second quarter valued at $26,000. Moisand Fitzgerald Tamayo LLC acquired a new position in Cheniere Energy during the 3rd quarter worth approximately $27,000. Carolinas Wealth Consulting LLC boosted its holdings in Cheniere Energy by 5,000.0% in the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company's stock worth $27,000 after acquiring an additional 150 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in Cheniere Energy in the third quarter valued at approximately $28,000. Finally, Strategic Investment Solutions Inc. IL bought a new stake in shares of Cheniere Energy during the second quarter valued at approximately $30,000. Institutional investors own 87.26% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Barclays lifted their price target on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an "overweight" rating in a research report on Tuesday, October 15th. UBS Group upped their target price on shares of Cheniere Energy from $232.00 to $265.00 and gave the stock a "buy" rating in a report on Friday, November 15th. Royal Bank of Canada lifted their price target on Cheniere Energy from $201.00 to $217.00 and gave the company an "outperform" rating in a research note on Wednesday, October 16th. Stifel Nicolaus raised their target price on Cheniere Energy from $204.00 to $237.00 and gave the company a "buy" rating in a report on Wednesday, December 4th. Finally, TD Cowen upped their price target on Cheniere Energy from $202.00 to $242.00 and gave the stock a "buy" rating in a report on Tuesday, November 26th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $219.25.

Cheniere Energy Stock Performance

LNG stock traded down $2.50 during mid-day trading on Monday, hitting $210.56. The company had a trading volume of 1,619,007 shares, compared to its average volume of 1,760,961. 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 $47.24 billion, a PE ratio of 13.61 and a beta of 0.97. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month high of $228.10. The stock's fifty day moving average price is $203.27 and its two-hundred day moving average price is $185.48.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, beating 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 business had revenue of $3.76 billion for the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the prior year, the business earned $2.37 earnings per share. Cheniere Energy's revenue for the quarter was down 9.5% on a year-over-year basis. On average, analysts forecast that Cheniere Energy, Inc. will post 11.25 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was 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.