Cheniere Energy, Inc. $LNG is TimesSquare Capital Management LLC’s 8th Largest Position

TimesSquare Capital Management LLC trimmed its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 4.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 490,306 shares of the energy company’s stock after selling 22,374 shares during the quarter. 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 owned about 0.23% of Cheniere Energy worth $115,212,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of LNG. Salomon & Ludwin LLC acquired a new position in shares of Cheniere Energy in the 3rd quarter worth approximately $25,000. Westside Investment Management Inc. grew its stake in shares of Cheniere Energy by 473.7% in the second quarter. Westside Investment Management Inc. now owns 109 shares of the energy company’s stock valued at $26,000 after buying an additional 90 shares in the last quarter. Hazlett Burt & Watson Inc. lifted its stake in Cheniere Energy by 250.0% during the 3rd quarter. Hazlett Burt & Watson Inc. now owns 140 shares of the energy company’s stock worth $32,000 after acquiring an additional 100 shares in the last quarter. Pin Oak Investment Advisors Inc. acquired a new position in Cheniere Energy in the 2nd quarter valued at about $34,000. Finally, Armstrong Advisory Group Inc. increased its stake in Cheniere Energy by 47.6% during the third quarter. Armstrong Advisory Group Inc. now owns 155 shares of the energy company’s stock worth $36,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analyst Ratings Changes

LNG has been the topic of a number of analyst reports. Wolfe Research set a $220.00 price objective on shares of Cheniere Energy and gave the company an “outperform” rating in a report on Wednesday, January 14th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $275.00 price target on shares of Cheniere Energy in a research report on Monday, November 3rd. Bank of America decreased their price objective on Cheniere Energy from $274.00 to $271.00 and set a “buy” rating for the company in a report on Thursday, December 11th. Weiss Ratings downgraded shares of Cheniere Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 20th. Finally, Scotiabank reissued an “outperform” rating and set a $266.00 price objective on shares of Cheniere Energy in a research report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $264.24.

Cheniere Energy Stock Performance

NYSE LNG opened at $220.19 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 1.94. The company has a market capitalization of $47.39 billion, a PE ratio of 12.27 and a beta of 0.27. The business’s 50-day moving average price is $200.82 and its 200 day moving average price is $217.07. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $246.42.

Cheniere Energy Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 6th will be given a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Friday, February 6th. Cheniere Energy’s payout ratio is 12.37%.

Cheniere Energy Company Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.