Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Paloma Partners Management Co

Paloma Partners Management Co decreased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 60.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,817 shares of the energy company’s stock after selling 2,783 shares during the quarter. Paloma Partners Management Co’s holdings in Cheniere Energy were worth $390,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB increased its position in shares of Cheniere Energy by 170.5% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock worth $26,000 after purchasing an additional 75 shares during the last quarter. WR Wealth Planners LLC increased its position in shares of Cheniere Energy by 373.1% in the 4th quarter. WR Wealth Planners LLC now owns 123 shares of the energy company’s stock worth $26,000 after purchasing an additional 97 shares during the last quarter. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Cheniere Energy in the 4th quarter worth about $29,000. Nemes Rush Group LLC increased its position in shares of Cheniere Energy by 2,022.2% in the 4th quarter. Nemes Rush Group LLC now owns 191 shares of the energy company’s stock worth $41,000 after purchasing an additional 182 shares during the last quarter. Finally, Adirondack Trust Co. bought a new stake in shares of Cheniere Energy in the 4th quarter worth about $43,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Insider Activity at Cheniere Energy

In related news, Director G Andrea Botta sold 9,000 shares of Cheniere Energy stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $219.51, for a total transaction of $1,975,590.00. Following the completion of the sale, the director now owns 33,934 shares of the company’s stock, valued at approximately $7,448,852.34. This trade represents a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Barclays boosted their price objective on shares of Cheniere Energy from $202.00 to $253.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. boosted their price objective on shares of Cheniere Energy from $252.00 to $265.00 and gave the company an “overweight” rating in a research report on Monday. UBS Group reaffirmed a “buy” rating and set a $277.00 price objective on shares of Cheniere Energy in a research report on Tuesday, March 18th. Stifel Nicolaus lowered their price objective on shares of Cheniere Energy from $255.00 to $247.00 and set a “buy” rating for the company in a research report on Tuesday, April 22nd. Finally, Mizuho boosted their price objective on shares of Cheniere Energy from $248.00 to $254.00 and gave the company an “outperform” rating in a research report on Tuesday, March 18th. Fifteen research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $249.08.

Cheniere Energy Stock Performance

Shares of Cheniere Energy stock opened at $237.71 on Tuesday. The stock has a market cap of $52.97 billion, a PE ratio of 16.70 and a beta of 0.67. The business has a fifty day simple moving average of $222.33 and a 200-day simple moving average of $217.02. The company has a quick ratio of 0.98, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. Cheniere Energy, Inc. has a 12 month low of $153.03 and a 12 month high of $257.65.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data 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 firm had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.44 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. On average, sell-side analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy 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.