Cheniere Energy, Inc. $LNG Shares Sold by CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT cut its stake in Cheniere Energy, Inc. (NYSE:LNG) by 2.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 450,800 shares of the energy company’s stock after selling 9,100 shares during the period. Cheniere Energy accounts for about 6.0% of CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s investment portfolio, making the stock its 3rd biggest position. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT owned approximately 0.21% of Cheniere Energy worth $105,929,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Brighton Jones LLC acquired a new position in Cheniere Energy during the 4th quarter worth $335,000. Baird Financial Group Inc. raised its position in shares of Cheniere Energy by 4.2% during the first quarter. Baird Financial Group Inc. now owns 88,818 shares of the energy company’s stock worth $20,552,000 after acquiring an additional 3,574 shares during the last quarter. Focus Partners Advisor Solutions LLC lifted its stake in shares of Cheniere Energy by 72.8% during the first quarter. Focus Partners Advisor Solutions LLC now owns 4,259 shares of the energy company’s stock valued at $986,000 after acquiring an additional 1,795 shares during the period. PDT Partners LLC bought a new position in Cheniere Energy in the first quarter valued at about $1,180,000. Finally, Dark Forest Capital Management LP increased its position in Cheniere Energy by 742.7% in the first quarter. Dark Forest Capital Management LP now owns 137,385 shares of the energy company’s stock worth $31,791,000 after purchasing an additional 121,083 shares during the period. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Stock Up 0.5%

Shares of NYSE LNG opened at $193.49 on Wednesday. Cheniere Energy, Inc. has a 52-week low of $186.20 and a 52-week high of $257.65. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.81 and a current ratio of 0.94. The stock has a market cap of $41.65 billion, a P/E ratio of 10.78, a P/E/G ratio of 4.72 and a beta of 0.26. The firm has a 50 day moving average price of $204.44 and a 200 day moving average price of $223.77.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Wednesday, October 29th. The energy company reported $4.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.75 by $2.00. Cheniere Energy had a net margin of 21.12% and a return on equity of 37.52%. The company had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.87 billion. During the same period last year, the firm posted $3.93 earnings per share. The business’s quarterly revenue was up 18.0% compared to the same quarter last year. Analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 18th. Shareholders of record on Friday, November 7th were issued a dividend of $0.555 per share. This is a boost from Cheniere Energy’s previous quarterly dividend of $0.50. This represents a $2.22 annualized dividend and a yield of 1.1%. The ex-dividend date was Friday, November 7th. Cheniere Energy’s dividend payout ratio is presently 12.37%.

Insider Transactions at Cheniere Energy

In other Cheniere Energy news, Director W Benjamin Moreland purchased 5,000 shares of the stock in a transaction on Tuesday, November 4th. The stock was bought at an average cost of $208.22 per share, for a total transaction of $1,041,100.00. Following the completion of the acquisition, the director directly owned 9,856 shares of the company’s stock, valued at $2,052,216.32. The trade was a 102.97% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.26% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on LNG shares. The Goldman Sachs Group restated a “buy” rating and set a $275.00 target price on shares of Cheniere Energy in a research report on Monday, November 3rd. Scotiabank cut their price objective on shares of Cheniere Energy from $261.00 to $257.00 and set a “sector outperform” rating on the stock in a report on Thursday, November 13th. Jefferies Financial Group set a $290.00 price objective on shares of Cheniere Energy in a research note on Thursday, October 30th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Cheniere Energy in a research report on Monday. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $278.00 price target (up previously from $275.00) on shares of Cheniere Energy in a research note on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $267.53.

About Cheniere Energy

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.