Wilmington Savings Fund Society FSB Acquires 2,952 Shares of Cheniere Energy, Inc. $LNG

Wilmington Savings Fund Society FSB grew its holdings in shares of Cheniere Energy, Inc. (NYSE:LNGFree Report) by 121.5% in the third quarter, HoldingsChannel reports. The fund owned 5,382 shares of the energy company’s stock after purchasing an additional 2,952 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Cheniere Energy were worth $1,265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Salomon & Ludwin LLC purchased a new position in Cheniere Energy during the third quarter valued at $25,000. Caitong International Asset Management Co. Ltd purchased a new stake in Cheniere Energy in the third quarter worth about $27,000. Hazlett Burt & Watson Inc. raised its stake in shares of Cheniere Energy by 250.0% in the third quarter. Hazlett Burt & Watson Inc. now owns 140 shares of the energy company’s stock worth $32,000 after buying an additional 100 shares during the period. Armstrong Advisory Group Inc. raised its stake in shares of Cheniere Energy by 47.6% in the third quarter. Armstrong Advisory Group Inc. now owns 155 shares of the energy company’s stock worth $36,000 after buying an additional 50 shares during the period. Finally, Rakuten Investment Management Inc. purchased a new position in shares of Cheniere Energy during the 3rd quarter valued at about $38,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Trading Up 5.7%

LNG stock opened at $281.47 on Friday. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.94 and a quick ratio of 0.81. Cheniere Energy, Inc. has a 1-year low of $186.20 and a 1-year high of $299.49. The business has a 50 day simple moving average of $224.22 and a two-hundred day simple moving average of $218.15. The company has a market capitalization of $59.17 billion, a price-to-earnings ratio of 11.58 and a beta of 0.25.

Cheniere Energy (NYSE:LNGGet Free Report) last released its earnings results on Wednesday, February 25th. The energy company reported $10.68 EPS for the quarter, topping the consensus estimate of $3.90 by $6.78. Cheniere Energy had a net margin of 26.68% and a return on equity of 32.04%. The firm had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.48 billion. During the same quarter in the previous year, the firm earned $4.33 earnings per share. The company’s quarterly revenue was up 22.9% compared to the same quarter last year. Research analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 6th were paid a $0.555 dividend. The ex-dividend date was Friday, February 6th. This represents a $2.22 annualized dividend and a yield of 0.8%. Cheniere Energy’s payout ratio is presently 9.14%.

Cheniere Energy announced that its Board of Directors has initiated a stock buyback program on Thursday, February 26th that permits the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization permits the energy company to repurchase up to 21.1% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LNG. Bank of America cut their price objective on Cheniere Energy from $274.00 to $271.00 and set a “buy” rating for the company in a research note on Thursday, December 11th. Royal Bank Of Canada lowered their price target on shares of Cheniere Energy from $282.00 to $271.00 and set an “outperform” rating on the stock in a report on Wednesday, January 28th. BMO Capital Markets reiterated an “outperform” rating and issued a $254.00 price target on shares of Cheniere Energy in a research report on Wednesday, December 17th. UBS Group increased their price objective on shares of Cheniere Energy from $277.00 to $301.00 and gave the stock a “buy” rating in a research note on Tuesday, March 3rd. Finally, Jefferies Financial Group restated a “buy” rating on shares of Cheniere Energy in a research report on Thursday, February 26th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $264.94.

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Cheniere Energy Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Cheniere Energy (NYSE:LNG)

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