Zimmer Partners LP Sells 1,246,338 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Zimmer Partners LP lessened its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 90.1% in the fourth quarter, HoldingsChannel reports. The fund owned 137,500 shares of the energy company’s stock after selling 1,246,338 shares during the period. Zimmer Partners LP’s holdings in Cheniere Energy were worth $29,545,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the company. MassMutual Private Wealth & Trust FSB raised its stake in Cheniere Energy by 170.5% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 119 shares of the energy company’s stock worth $26,000 after acquiring an additional 75 shares in the last quarter. WR Wealth Planners LLC raised its stake in Cheniere Energy by 373.1% during the fourth quarter. WR Wealth Planners LLC now owns 123 shares of the energy company’s stock worth $26,000 after acquiring an additional 97 shares in the last quarter. Kohmann Bosshard Financial Services LLC acquired a new position in Cheniere Energy during the fourth quarter worth about $29,000. Banque Transatlantique SA acquired a new position in Cheniere Energy during the fourth quarter worth about $32,000. Finally, Nemes Rush Group LLC boosted its position in Cheniere Energy by 2,022.2% during the 4th quarter. Nemes Rush Group LLC now owns 191 shares of the energy company’s stock worth $41,000 after buying an additional 182 shares during the period. Institutional investors own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on LNG shares. JPMorgan Chase & Co. boosted their target price on shares of Cheniere Energy from $252.00 to $265.00 and gave the stock an “overweight” rating in a report on Monday, April 28th. TD Cowen boosted their target price on shares of Cheniere Energy from $250.00 to $260.00 and gave the stock a “buy” rating in a report on Friday, May 9th. Bank of America boosted their target price on shares of Cheniere Energy from $254.00 to $258.00 and gave the stock a “buy” rating in a report on Tuesday, April 29th. StockNews.com lowered shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Friday, May 9th. Finally, Argus started coverage on shares of Cheniere Energy in a research note on Tuesday, March 18th. They issued a “buy” rating and a $255.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $252.23.

Cheniere Energy Stock Performance

LNG opened at $233.15 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The company’s fifty day moving average price is $226.92 and its two-hundred day moving average price is $222.28. Cheniere Energy, Inc. has a 1-year low of $153.03 and a 1-year high of $257.65. The company has a market cap of $51.71 billion, a price-to-earnings ratio of 16.38 and a beta of 0.41.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Thursday, May 8th. The energy company reported $1.57 earnings per share for the quarter, missing the consensus estimate of $2.81 by ($1.24). Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The business had revenue of $5.44 billion for the quarter, compared to analyst estimates of $4.73 billion. During the same quarter in the previous year, the company posted $2.13 EPS. The business’s quarterly revenue was up 28.0% on a year-over-year basis. On average, analysts expect 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 Monday, May 19th. Stockholders of record on Friday, May 9th were issued a $0.50 dividend. The ex-dividend date was Friday, May 9th. This represents a $2.00 annualized dividend and a dividend yield of 0.86%. Cheniere Energy’s dividend payout ratio is currently 14.63%.

Insider Activity

In other news, Director G Andrea Botta sold 9,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were sold at an average price of $219.51, for a total value of $1,975,590.00. Following the completion of the transaction, the director now directly owns 33,934 shares in the company, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is currently owned by corporate insiders.

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.