ExodusPoint Capital Management LP Trims Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

ExodusPoint Capital Management LP trimmed its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 59.8% in the fourth quarter, HoldingsChannel reports. The firm owned 77,954 shares of the energy company’s stock after selling 116,046 shares during the period. ExodusPoint Capital Management LP’s holdings in Cheniere Energy were worth $16,750,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Geneos Wealth Management Inc. raised its holdings in shares of Cheniere Energy by 10.3% in the fourth quarter. Geneos Wealth Management Inc. now owns 460 shares of the energy company’s stock worth $99,000 after acquiring an additional 43 shares during the last quarter. Flagship Harbor Advisors LLC raised its stake in Cheniere Energy by 2.0% in the 4th quarter. Flagship Harbor Advisors LLC now owns 2,339 shares of the energy company’s stock valued at $503,000 after purchasing an additional 46 shares during the last quarter. Larson Financial Group LLC lifted its holdings in Cheniere Energy by 1.7% in the 4th quarter. Larson Financial Group LLC now owns 3,346 shares of the energy company’s stock valued at $719,000 after purchasing an additional 55 shares in the last quarter. American Money Management LLC grew its holdings in shares of Cheniere Energy by 0.5% during the fourth quarter. American Money Management LLC now owns 10,987 shares of the energy company’s stock worth $2,361,000 after buying an additional 55 shares in the last quarter. Finally, Parallel Advisors LLC raised its position in shares of Cheniere Energy by 0.8% in the fourth quarter. Parallel Advisors LLC now owns 7,043 shares of the energy company’s stock valued at $1,513,000 after buying an additional 59 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Stock Down 6.2 %

Shares of NYSE LNG opened at $220.00 on Friday. The stock has a fifty day moving average price of $222.48 and a 200 day moving average price of $211.90. 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 12-month low of $152.88 and a 12-month high of $257.65. The company has a market cap of $49.21 billion, a P/E ratio of 15.46 and a beta of 0.94.

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

Cheniere Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $0.50 per share. The ex-dividend date was Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.91%. Cheniere Energy’s payout ratio is currently 14.05%.

Wall Street Analysts Forecast Growth

LNG has been the topic of a number of analyst reports. Morgan Stanley raised their target price on shares of Cheniere Energy from $195.00 to $255.00 and gave the stock an “overweight” rating in a research report on Friday, January 31st. Wells Fargo & Company lifted their price objective on Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Stifel Nicolaus raised their price target on Cheniere Energy from $237.00 to $255.00 and gave the stock a “buy” rating in a research note on Friday, February 21st. UBS Group restated a “buy” rating and issued a $277.00 price target on shares of Cheniere Energy in a report on Tuesday, March 18th. Finally, TD Cowen raised their target price on shares of Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. One research analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, Cheniere Energy presently has a consensus rating of “Moderate Buy” and a consensus price target of $239.79.

Insider Activity

In related news, Director G Andrea Botta sold 9,000 shares of Cheniere Energy stock in a transaction on Thursday, February 27th. The shares were sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the sale, the director now owns 33,934 shares of the company’s stock, valued at $7,448,852.34. The trade was a 20.96 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.29% of the company’s stock.

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.