Gunderson Capital Management LLC Acquires Shares of 26,650 Cheniere Energy, Inc. $LNG

Gunderson Capital Management LLC bought a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 26,650 shares of the energy company’s stock, valued at approximately $7,562,000. Cheniere Energy comprises approximately 3.2% of Gunderson Capital Management LLC’s portfolio, making the stock its 15th biggest holding.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC purchased a new position in shares of Cheniere Energy during the 4th quarter valued at approximately $335,000. Bank of Nova Scotia raised its holdings in Cheniere Energy by 13.3% in the second quarter. Bank of Nova Scotia now owns 8,825 shares of the energy company’s stock valued at $2,149,000 after acquiring an additional 1,035 shares in the last quarter. Sei Investments Co. raised its holdings in Cheniere Energy by 23.1% in the second quarter. Sei Investments Co. now owns 183,153 shares of the energy company’s stock valued at $44,600,000 after acquiring an additional 34,422 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in Cheniere Energy by 0.8% during the 2nd quarter. Treasurer of the State of North Carolina now owns 103,040 shares of the energy company’s stock valued at $25,092,000 after acquiring an additional 805 shares during the last quarter. Finally, Ieq Capital LLC boosted its stake in Cheniere Energy by 87.0% during the 2nd quarter. Ieq Capital LLC now owns 36,502 shares of the energy company’s stock valued at $8,889,000 after acquiring an additional 16,977 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Insider Buying and Selling at Cheniere Energy

In related news, CFO Zach Davis sold 29,000 shares of the firm’s stock in a transaction that occurred on Monday, March 30th. The stock was sold at an average price of $300.00, for a total value of $8,700,000.00. Following the sale, the chief financial officer owned 87,146 shares of the company’s stock, valued at approximately $26,143,800. This trade represents a 24.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.55% of the company’s stock.

Cheniere Energy Trading Up 2.8%

NYSE LNG opened at $241.71 on Friday. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.48 and a current ratio of 0.57. Cheniere Energy, Inc. has a one year low of $186.20 and a one year high of $300.89. The company has a 50-day simple moving average of $243.54 and a 200-day simple moving average of $232.99. The firm has a market capitalization of $50.65 billion and a PE ratio of 39.75.

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

Cheniere Energy Dividend Announcement

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on LNG shares. Zacks Research downgraded shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 10th. Wells Fargo & Company reduced their price target on shares of Cheniere Energy from $280.00 to $271.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. Wall Street Zen downgraded Cheniere Energy from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings lowered Cheniere Energy from a “buy (b)” rating to a “hold (c)” rating in a report on Monday, May 11th. Finally, Jefferies Financial Group upped their price objective on Cheniere Energy from $275.00 to $330.00 and gave the company a “buy” rating in a research note on Tuesday, April 7th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.