CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT Sells 27,063 Shares of Cheniere Energy, Inc. (NYSE:LNG)

CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT decreased its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 5.1% in the fourth quarter, HoldingsChannel reports. The firm owned 505,122 shares of the energy company’s stock after selling 27,063 shares during the quarter. Cheniere Energy accounts for 7.2% of CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s portfolio, making the stock its 3rd biggest position. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT’s holdings in Cheniere Energy were worth $108,536,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in LNG. MassMutual Private Wealth & Trust FSB boosted its holdings in Cheniere Energy by 170.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock worth $26,000 after buying an additional 75 shares in the last quarter. Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Cheniere Energy during the 3rd quarter worth about $27,000. Capital Performance Advisors LLP acquired a new stake in shares of Cheniere Energy during the 3rd quarter valued at about $28,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Cheniere Energy in the 2nd quarter valued at about $30,000. Finally, Adirondack Trust Co. acquired a new position in Cheniere Energy in the 4th quarter worth about $43,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Trading Down 1.1 %

Shares of LNG stock opened at $231.73 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $257.65. The company’s 50-day moving average price is $222.18 and its 200-day moving average price is $197.23. The stock has a market cap of $51.99 billion, a price-to-earnings ratio of 14.80 and a beta of 0.99.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share for the quarter, beating the consensus estimate of $1.87 by $2.06. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. The company had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. During the same period in the previous year, the business posted $2.37 EPS. Cheniere Energy’s revenue was down 9.5% on a year-over-year basis. As a group, equities analysts predict that Cheniere Energy, Inc. will post 12.67 earnings per share for the current year.

Cheniere Energy Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date of this dividend was Friday, November 8th. Cheniere Energy’s dividend payout ratio (DPR) is 12.77%.

Analysts Set New Price Targets

Several analysts have commented on the company. Royal Bank of Canada raised their price objective on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. The Goldman Sachs Group lifted their target price on shares of Cheniere Energy from $234.00 to $261.00 and gave the company a “buy” rating in a research report on Thursday, December 19th. Wells Fargo & Company lifted their price objective on Cheniere Energy from $213.00 to $235.00 and gave the stock an “overweight” rating in a report on Wednesday, December 18th. Barclays increased their target price on Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Finally, Stifel Nicolaus lifted their price target on Cheniere Energy from $204.00 to $237.00 and gave the stock a “buy” rating in a research note on Wednesday, December 4th. Two research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Cheniere Energy has an average rating of “Moderate Buy” and a consensus target price of $231.64.

Cheniere Energy Company 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.