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

TimesSquare Capital Management LLC cut its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 4.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 497,207 shares of the energy company’s stock after selling 25,225 shares during the period. Cheniere Energy accounts for approximately 1.6% of TimesSquare Capital Management LLC’s portfolio, making the stock its 8th biggest position. TimesSquare Capital Management LLC’s holdings in Cheniere Energy were worth $106,835,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Miracle Mile Advisors LLC bought a new stake in shares of Cheniere Energy in the fourth quarter valued at about $2,127,000. Fractal Investments LLC raised its holdings in Cheniere Energy by 31.0% during the fourth quarter. Fractal Investments LLC now owns 59,200 shares of the energy company’s stock worth $12,720,000 after acquiring an additional 14,000 shares in the last quarter. Anderson Hoagland & Co. bought a new stake in Cheniere Energy during the fourth quarter worth about $2,460,000. Insight Wealth Strategies LLC bought a new stake in Cheniere Energy during the fourth quarter worth about $4,455,000. Finally, Kathmere Capital Management LLC bought a new stake in Cheniere Energy during the fourth quarter worth about $245,000. 87.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LNG. Morgan Stanley upped their target price on Cheniere Energy from $195.00 to $255.00 and gave the stock an “overweight” rating in a report on Friday, January 31st. TD Cowen upped their price objective on Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Barclays upped their price objective on Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Wells Fargo & Company upped their target price on Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. Finally, UBS Group increased their price target on Cheniere Energy from $232.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $234.25.

Cheniere Energy Stock Up 0.9 %

Shares of LNG opened at $215.43 on Wednesday. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $257.65. The stock has a market capitalization of $48.34 billion, a price-to-earnings ratio of 13.76 and a beta of 0.98. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.98 and a current ratio of 1.07. The stock has a fifty day moving average of $222.56 and a 200-day moving average of $202.72.

Cheniere Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Friday, February 7th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.93%. The ex-dividend date is Friday, February 7th. Cheniere Energy’s dividend payout ratio is currently 12.77%.

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.