Boothbay Fund Management LLC Has $5.62 Million Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Boothbay Fund Management LLC reduced its position in Cheniere Energy, Inc. (NYSE:LNG) by 36.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 26,168 shares of the energy company’s stock after selling 14,815 shares during the period. Boothbay Fund Management LLC’s holdings in Cheniere Energy were worth $5,623,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Aldebaran Financial Inc. lifted its position in Cheniere Energy by 26.1% during the 3rd quarter. Aldebaran Financial Inc. now owns 5,195 shares of the energy company’s stock valued at $934,000 after purchasing an additional 1,076 shares during the period. World Investment Advisors LLC acquired a new position in Cheniere Energy in the third quarter valued at approximately $225,000. Wilmington Savings Fund Society FSB bought a new position in Cheniere Energy in the third quarter valued at approximately $159,000. Castellan Group acquired a new stake in Cheniere Energy during the 3rd quarter worth $5,515,000. Finally, Versant Capital Management Inc raised its position in shares of Cheniere Energy by 75.3% during the 4th quarter. Versant Capital Management Inc now owns 533 shares of the energy company’s stock valued at $115,000 after acquiring an additional 229 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LNG. Argus began coverage on Cheniere Energy in a research note on Tuesday, March 18th. They set a “buy” rating and a $255.00 price objective for the company. Mizuho upped their price target on Cheniere Energy from $248.00 to $254.00 and gave the company an “outperform” rating in a research note on Tuesday, March 18th. StockNews.com raised shares of Cheniere Energy from a “hold” rating to a “buy” rating in a research note on Friday, February 21st. Stifel Nicolaus lowered their target price on shares of Cheniere Energy from $255.00 to $247.00 and set a “buy” rating for the company in a research note on Tuesday, April 22nd. Finally, Barclays increased their target price on shares of Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Fifteen investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Cheniere Energy presently has a consensus rating of “Buy” and a consensus price target of $245.15.

Insider Transactions at Cheniere Energy

In related news, Director G Andrea Botta sold 9,000 shares of Cheniere Energy stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $219.51, for a total value of $1,975,590.00. Following the sale, the director now owns 33,934 shares of the company’s stock, valued at approximately $7,448,852.34. The trade was 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 insiders.

Cheniere Energy Trading Up 0.4 %

LNG opened at $233.23 on Friday. The firm’s fifty day simple moving average is $221.95 and its 200 day simple moving average is $216.52. The stock has a market capitalization of $51.97 billion, a P/E ratio of 16.39 and a beta of 0.67. The company has a current ratio of 1.07, a quick ratio of 0.98 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 posted its quarterly earnings data on Thursday, February 20th. The energy company reported $4.33 earnings per share for the quarter, topping the consensus estimate of $2.74 by $1.59. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. The company had revenue of $4.44 billion during the quarter, compared to analysts’ expectations of $4.44 billion. As a group, research analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.86%. Cheniere Energy’s dividend payout ratio (DPR) is presently 14.05%.

Cheniere Energy Company 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.