TimesSquare Capital Management LLC Sells 6,415 Shares of Cheniere Energy, Inc. (NYSE:LNG)

TimesSquare Capital Management LLC reduced its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 1.2% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 522,432 shares of the energy company's stock after selling 6,415 shares during the period. Cheniere Energy accounts for approximately 1.4% of TimesSquare Capital Management LLC's portfolio, making the stock its 18th largest holding. TimesSquare Capital Management LLC owned approximately 0.23% of Cheniere Energy worth $93,954,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LNG. Massachusetts Financial Services Co. MA raised its stake in Cheniere Energy by 1,490.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,957,451 shares of the energy company's stock valued at $342,221,000 after acquiring an additional 1,834,347 shares during the period. TD Asset Management Inc grew its holdings in Cheniere Energy by 231.8% during the 1st quarter. TD Asset Management Inc now owns 1,338,752 shares of the energy company's stock valued at $215,914,000 after buying an additional 935,239 shares in the last quarter. Darlington Partners Capital Management LP grew its holdings in Cheniere Energy by 74.6% during the 2nd quarter. Darlington Partners Capital Management LP now owns 1,514,155 shares of the energy company's stock valued at $264,720,000 after buying an additional 647,096 shares in the last quarter. Zimmer Partners LP grew its holdings in Cheniere Energy by 61.4% during the 1st quarter. Zimmer Partners LP now owns 1,222,723 shares of the energy company's stock valued at $197,201,000 after buying an additional 465,000 shares in the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new position in Cheniere Energy during the 1st quarter valued at about $70,682,000. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Trading Up 2.1 %

LNG stock traded up $4.17 during midday trading on Friday, hitting $205.67. The company had a trading volume of 2,087,452 shares, compared to its average volume of 1,720,240. The company has a current ratio of 1.07, a quick ratio of 0.93 and a debt-to-equity ratio of 2.41. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $206.18. The stock's 50 day moving average price is $184.62 and its 200 day moving average price is $174.68. The stock has a market cap of $46.15 billion, a price-to-earnings ratio of 13.13 and a beta of 0.94.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The energy company reported $3.93 earnings per share 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 firm had revenue of $3.76 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the previous year, the company posted $2.37 earnings per share. The business's revenue was down 9.5% on a year-over-year basis. As a group, equities research analysts expect that Cheniere Energy, Inc. will post 10.84 earnings per share for the current fiscal year.

Cheniere Energy Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be given a $0.50 dividend. The ex-dividend date is Friday, November 8th. This represents a $2.00 annualized dividend and a yield of 0.97%. Cheniere Energy's payout ratio is currently 11.11%.

Analyst Ratings Changes

LNG has been the subject of a number of recent analyst reports. Stifel Nicolaus reduced their target price on Cheniere Energy from $208.00 to $204.00 and set a "buy" rating for the company in a report on Friday, August 9th. TD Cowen boosted their price objective on Cheniere Energy from $192.00 to $202.00 and gave the stock a "buy" rating in a report on Tuesday, November 5th. Bank of America assumed coverage on Cheniere Energy in a report on Thursday, October 17th. They set a "buy" rating and a $215.00 price objective for the company. Barclays boosted their price objective on Cheniere Energy from $199.00 to $202.00 and gave the stock an "overweight" rating in a report on Tuesday, October 15th. Finally, Royal Bank of Canada boosted 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. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $201.89.

Cheniere Energy Company 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.