Union Bancaire Privee UBP SA Raises Holdings in Cheniere Energy, Inc. $LNG

Union Bancaire Privee UBP SA increased its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 196.8% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 33,705 shares of the energy company’s stock after buying an additional 22,350 shares during the period. Union Bancaire Privee UBP SA’s holdings in Cheniere Energy were worth $9,335,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of LNG. Strive Financial Group LLC purchased a new stake in shares of Cheniere Energy during the 4th quarter worth $25,000. Kohmann Bosshard Financial Services LLC purchased a new position in Cheniere Energy in the fourth quarter valued at about $26,000. Caitong International Asset Management Co. Ltd bought a new position in Cheniere Energy in the third quarter worth about $27,000. Accordant Advisory Group Inc bought a new position in Cheniere Energy in the fourth quarter worth about $29,000. Finally, Sankala Group LLC purchased a new stake in shares of Cheniere Energy during the fourth quarter valued at about $35,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Insider Transactions at Cheniere Energy

In other news, CFO Zach Davis sold 29,000 shares of Cheniere Energy stock in a transaction on Monday, March 30th. The shares were sold at an average price of $300.00, for a total transaction of $8,700,000.00. Following the completion of the sale, the chief financial officer directly owned 87,146 shares in the company, valued at approximately $26,143,800. The trade was a 24.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.55% of the company’s stock.

Cheniere Energy Price Performance

Shares of LNG stock opened at $241.71 on Friday. Cheniere Energy, Inc. has a fifty-two week low of $186.20 and a fifty-two week high of $300.89. The firm has a market capitalization of $50.65 billion and a price-to-earnings ratio of 39.75. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.48 and a current ratio of 0.57. The stock’s 50-day simple moving average is $243.54 and its 200-day simple moving average is $232.99.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Wednesday, May 6th. The energy company reported ($16.65) EPS for the quarter, missing the consensus estimate of $4.25 by ($20.90). The company had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.69 billion. Cheniere Energy had a net margin of 7.23% and a return on equity of 38.95%. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.57 earnings per share. As a group, equities analysts forecast that Cheniere Energy, Inc. will post 14.93 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Monday, May 11th were paid a dividend of $0.555 per share. The ex-dividend date was Monday, May 11th. This represents a $2.22 dividend on an annualized basis and a yield of 0.9%. Cheniere Energy’s dividend payout ratio is presently 36.51%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LNG. Citigroup raised their price target on shares of Cheniere Energy from $280.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. UBS Group set a $290.00 target price on shares of Cheniere Energy in a research report on Wednesday, May 13th. Wells Fargo & Company lowered their target price on shares of Cheniere Energy from $280.00 to $271.00 and set an “overweight” rating for the company in a research note on Friday, March 13th. Wall Street Zen lowered shares of Cheniere Energy from a “hold” rating to a “sell” rating in a report on Saturday. Finally, BMO Capital Markets upped their price target on Cheniere Energy from $265.00 to $306.00 and gave the stock an “outperform” rating in a research report on Monday, March 23rd. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $297.71.

About Cheniere Energy

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.