Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Zacks Investment Management

Zacks Investment Management lowered its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 15.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,998 shares of the energy company's stock after selling 4,475 shares during the period. Zacks Investment Management's holdings in Cheniere Energy were worth $4,496,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LNG. National Bank of Canada FI raised its position in shares of Cheniere Energy by 472.1% in the third quarter. National Bank of Canada FI now owns 283,810 shares of the energy company's stock valued at $50,965,000 after buying an additional 234,202 shares during the last quarter. Castleark Management LLC lifted its holdings in shares of Cheniere Energy by 34.3% during the 3rd quarter. Castleark Management LLC now owns 16,966 shares of the energy company's stock worth $3,051,000 after acquiring an additional 4,330 shares during the period. iA Global Asset Management Inc. acquired a new stake in shares of Cheniere Energy in the third quarter worth approximately $868,000. Kovitz Investment Group Partners LLC purchased a new stake in Cheniere Energy in the third quarter valued at approximately $333,000. Finally, Wellington Management Group LLP increased its position in Cheniere Energy by 195.1% during the third quarter. Wellington Management Group LLP now owns 4,200,456 shares of the energy company's stock worth $755,410,000 after purchasing an additional 2,776,920 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company's stock.

Cheniere Energy Stock Down 3.4 %

LNG traded down $7.64 on Monday, reaching $214.29. The company's stock had a trading volume of 1,967,059 shares, compared to its average volume of 1,766,602. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.07 and a quick ratio of 0.98. Cheniere Energy, Inc. has a 1 year low of $152.31 and a 1 year high of $228.10. The business's 50 day moving average is $200.98 and its 200 day moving average is $183.85. The stock has a market cap of $48.08 billion, a price-to-earnings ratio of 13.68 and a beta of 0.97.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.87 by $2.06. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The business had revenue of $3.76 billion during the quarter, compared to analyst estimates of $3.76 billion. During the same quarter in the previous year, the firm earned $2.37 earnings per share. The business's revenue was down 9.5% compared to the same quarter last year. As a group, research analysts forecast that Cheniere Energy, Inc. will post 11.25 EPS for the current fiscal year.

Cheniere Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.93%. Cheniere Energy's dividend payout ratio (DPR) is presently 12.77%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Barclays boosted their price objective on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an "overweight" rating in a research note on Tuesday, October 15th. 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 report on Friday, November 15th. 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. Stifel Nicolaus increased their target price on shares of Cheniere Energy from $204.00 to $237.00 and gave the stock a "buy" rating in a research report on Wednesday, December 4th. Finally, Royal Bank of Canada lifted their price target on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an "outperform" rating in a research report on Wednesday, October 16th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $216.56.

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.