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

TimesSquare Capital Management LLC lowered its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 1.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 522,432 shares of the energy company’s stock after selling 6,415 shares during the quarter. Cheniere Energy accounts for about 1.4% of TimesSquare Capital Management LLC’s investment portfolio, making the stock its 18th biggest holding. TimesSquare Capital Management LLC’s holdings in Cheniere Energy were worth $93,954,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Sei Investments Co. lifted its holdings in shares of Cheniere Energy by 6.7% during the 1st quarter. Sei Investments Co. now owns 187,236 shares of the energy company’s stock valued at $30,198,000 after purchasing an additional 11,800 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Cheniere Energy by 215.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 62,551 shares of the energy company’s stock valued at $10,936,000 after buying an additional 42,737 shares in the last quarter. Silvercrest Asset Management Group LLC bought a new position in Cheniere Energy in the first quarter valued at approximately $818,000. M&G PLC boosted its holdings in shares of Cheniere Energy by 21.0% in the third quarter. M&G PLC now owns 268,834 shares of the energy company’s stock valued at $48,390,000 after buying an additional 46,602 shares during the period. Finally, State Board of Administration of Florida Retirement System increased its position in shares of Cheniere Energy by 10.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 270,185 shares of the energy company’s stock worth $42,581,000 after acquiring an additional 24,498 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $205.67 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The business’s 50 day moving average price is $184.62 and its two-hundred day moving average price is $174.57. The company has a market cap of $46.15 billion, a PE ratio of 13.13 and a beta of 0.94. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $206.18.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $3.76 billion. During the same quarter in the prior year, the business earned $2.37 EPS. The firm’s revenue for the quarter was down 9.5% on a year-over-year basis. On average, analysts predict that Cheniere Energy, Inc. will post 10.84 EPS for the current year.

Cheniere Energy Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Friday, November 8th. Cheniere Energy’s dividend payout ratio is presently 11.11%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. TD Cowen boosted their price objective on shares of Cheniere Energy from $192.00 to $202.00 and gave the company a “buy” rating in a research report on Tuesday, November 5th. Barclays boosted their price target on Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Royal Bank of Canada increased 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. Bank of America initiated coverage on Cheniere Energy in a research note on Thursday, October 17th. They issued a “buy” rating and a $215.00 target price on the stock. Finally, Stifel Nicolaus decreased their price target on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $201.89.

About Cheniere Energy

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.