Cheniere Energy, Inc. $LNG Shares Sold by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC decreased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 4.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 490,306 shares of the energy company’s stock after selling 22,374 shares during the quarter. Cheniere Energy comprises approximately 1.6% of TimesSquare Capital Management LLC’s holdings, making the stock its 8th biggest holding. TimesSquare Capital Management LLC’s holdings in Cheniere Energy were worth $115,212,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Salomon & Ludwin LLC purchased a new stake in shares of Cheniere Energy in the third quarter worth about $25,000. Westside Investment Management Inc. raised its holdings in shares of Cheniere Energy by 473.7% during the 2nd quarter. Westside Investment Management Inc. now owns 109 shares of the energy company’s stock valued at $26,000 after buying an additional 90 shares during the period. Hazlett Burt & Watson Inc. lifted its position in Cheniere Energy by 250.0% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 140 shares of the energy company’s stock worth $32,000 after acquiring an additional 100 shares in the last quarter. Pin Oak Investment Advisors Inc. purchased a new position in Cheniere Energy in the 2nd quarter worth approximately $34,000. Finally, Armstrong Advisory Group Inc. raised its stake in shares of Cheniere Energy by 47.6% during the third quarter. Armstrong Advisory Group Inc. now owns 155 shares of the energy company’s stock valued at $36,000 after purchasing an additional 50 shares during the period. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Stock Performance

Shares of LNG opened at $220.19 on Friday. The company has a 50-day moving average of $200.82 and a two-hundred day moving average of $217.07. The stock has a market cap of $47.39 billion, a price-to-earnings ratio of 12.27 and a beta of 0.27. The company has a debt-to-equity ratio of 1.94, a current ratio of 0.94 and a quick ratio of 0.81. Cheniere Energy, Inc. has a one year low of $186.20 and a one year high of $246.42.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 6th will be issued a $0.555 dividend. The ex-dividend date is Friday, February 6th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.0%. Cheniere Energy’s dividend payout ratio is currently 12.37%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on LNG shares. Jefferies Financial Group set a $251.00 target price on shares of Cheniere Energy in a research note on Sunday, January 25th. Bank of America cut their price objective on shares of Cheniere Energy from $274.00 to $271.00 and set a “buy” rating on the stock in a report on Thursday, December 11th. Royal Bank Of Canada lowered their target price on Cheniere Energy from $282.00 to $271.00 and set an “outperform” rating for the company in a research note on Wednesday, January 28th. Wolfe Research set a $220.00 price target on Cheniere Energy and gave the stock an “outperform” rating in a research note on Wednesday, January 14th. Finally, Weiss Ratings downgraded Cheniere Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Cheniere Energy has an average rating of “Moderate Buy” and a consensus price target of $264.24.

Cheniere Energy Company Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.