TimesSquare Capital Management LLC Sells 6,415 Shares of Cheniere Energy, Inc. (NYSE:LNG)

TimesSquare Capital Management LLC trimmed its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 1.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 522,432 shares of the energy company’s stock after selling 6,415 shares during the quarter. Cheniere Energy accounts for 1.4% of TimesSquare Capital Management LLC’s portfolio, making the stock its 18th largest holding. TimesSquare Capital Management LLC owned approximately 0.23% of Cheniere Energy worth $93,954,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of LNG. The Manufacturers Life Insurance Company boosted its stake in Cheniere Energy by 8.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,270,853 shares of the energy company’s stock valued at $921,503,000 after buying an additional 413,744 shares in the last quarter. Tortoise Capital Advisors L.L.C. lifted its holdings in shares of Cheniere Energy by 9.2% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 3,242,899 shares of the energy company’s stock valued at $566,956,000 after acquiring an additional 273,588 shares during the period. Pacer Advisors Inc. boosted its stake in shares of Cheniere Energy by 7.4% in the 2nd quarter. Pacer Advisors Inc. now owns 2,921,837 shares of the energy company’s stock valued at $510,825,000 after purchasing an additional 202,097 shares in the last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Cheniere Energy by 5.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 2,060,622 shares of the energy company’s stock worth $360,259,000 after purchasing an additional 99,678 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Cheniere Energy by 13.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,980,767 shares of the energy company’s stock worth $346,268,000 after purchasing an additional 240,427 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on LNG. Barclays boosted their price target on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Royal Bank of Canada boosted their target price on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Stifel Nicolaus dropped their price target on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a report on Friday, August 9th. Bank of America started coverage on Cheniere Energy in a research note on Thursday, October 17th. They issued a “buy” rating and a $215.00 price objective on the stock. Finally, TD Cowen raised their target price on Cheniere Energy from $192.00 to $202.00 and gave the company a “buy” rating in a research note on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, Cheniere Energy currently has a consensus rating of “Moderate Buy” and an average target price of $201.89.

Cheniere Energy Price Performance

Shares of LNG stock opened at $205.67 on Friday. The firm has a market cap of $46.15 billion, a price-to-earnings ratio of 13.13 and a beta of 0.94. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month high of $206.18. The company has a quick ratio of 0.93, a current ratio of 1.07 and a debt-to-equity ratio of 2.41. The stock has a 50-day moving average price of $184.62 and a 200 day moving average price of $174.57.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 EPS for the quarter, topping the consensus estimate of $1.87 by $2.06. The company had revenue of $3.76 billion during the quarter, compared to analysts’ expectations of $3.76 billion. Cheniere Energy had a net margin of 22.70% and a return on equity of 41.44%. Cheniere Energy’s revenue was down 9.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.37 EPS. Research analysts expect that Cheniere Energy, Inc. will post 10.84 EPS for the current year.

Cheniere Energy Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Friday, November 8th. Cheniere Energy’s payout ratio is 11.11%.

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.