QRG Capital Management Inc. Lowers Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

QRG Capital Management Inc. cut its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 21.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 47,484 shares of the energy company’s stock after selling 13,192 shares during the period. QRG Capital Management Inc.’s holdings in Cheniere Energy were worth $10,203,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in LNG. First Trust Direct Indexing L.P. lifted its holdings in shares of Cheniere Energy by 2.9% during the third quarter. First Trust Direct Indexing L.P. now owns 5,159 shares of the energy company’s stock worth $928,000 after purchasing an additional 146 shares during the period. Pinnacle Associates Ltd. raised its position in Cheniere Energy by 1.4% during the 3rd quarter. Pinnacle Associates Ltd. now owns 15,323 shares of the energy company’s stock worth $2,616,000 after buying an additional 209 shares during the last quarter. 1620 Investment Advisors Inc. lifted its stake in shares of Cheniere Energy by 6.3% in the 3rd quarter. 1620 Investment Advisors Inc. now owns 2,384 shares of the energy company’s stock worth $429,000 after acquiring an additional 142 shares during the period. US Bancorp DE lifted its stake in shares of Cheniere Energy by 3.4% in the 3rd quarter. US Bancorp DE now owns 14,536 shares of the energy company’s stock worth $2,614,000 after acquiring an additional 479 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Cheniere Energy by 53.3% in the third quarter. Farther Finance Advisors LLC now owns 368 shares of the energy company’s stock valued at $66,000 after acquiring an additional 128 shares in the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on LNG. The Goldman Sachs Group increased their price target on shares of Cheniere Energy from $234.00 to $261.00 and gave the stock a “buy” rating in a report on Thursday, December 19th. Barclays increased their target price on Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Morgan Stanley raised their price target on Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a report on Friday, January 31st. UBS Group upped their price objective on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, November 15th. Finally, Stifel Nicolaus raised their target price on Cheniere Energy from $237.00 to $255.00 and gave the company a “buy” rating in a report on Friday, February 21st. One equities research analyst has rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat.com, Cheniere Energy currently has an average rating of “Moderate Buy” and a consensus price target of $235.75.

Cheniere Energy Trading Up 0.4 %

NYSE:LNG opened at $219.85 on Friday. Cheniere Energy, Inc. has a 52-week low of $152.31 and a 52-week high of $257.65. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The stock has a fifty day simple moving average of $223.89 and a 200-day simple moving average of $204.69. The company has a market capitalization of $49.17 billion, a PE ratio of 15.45 and a beta of 0.98.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.74 by $1.59. The company had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Cheniere Energy had a net margin of 20.71% and a return on equity of 37.19%. On average, equities research analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend was Friday, February 7th. Cheniere Energy’s dividend payout ratio (DPR) is presently 14.05%.

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.