Global Retirement Partners LLC Purchases 2,203 Shares of Cheniere Energy, Inc. $LNG

Global Retirement Partners LLC increased its position in Cheniere Energy, Inc. (NYSE:LNG) by 16.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,265 shares of the energy company’s stock after acquiring an additional 2,203 shares during the period. Global Retirement Partners LLC’s holdings in Cheniere Energy were worth $2,967,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of LNG. AustralianSuper Pty Ltd bought a new stake in shares of Cheniere Energy in the third quarter worth $142,688,000. Vanguard Group Inc. grew its holdings in shares of Cheniere Energy by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 21,219,557 shares of the energy company’s stock worth $4,124,870,000 after acquiring an additional 414,022 shares during the period. State Street Corp grew its holdings in shares of Cheniere Energy by 6.7% in the third quarter. State Street Corp now owns 6,007,073 shares of the energy company’s stock worth $1,411,542,000 after acquiring an additional 377,369 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Cheniere Energy by 21.5% in the third quarter. Victory Capital Management Inc. now owns 2,025,609 shares of the energy company’s stock worth $475,633,000 after acquiring an additional 359,123 shares during the period. Finally, Two Sigma Investments LP grew its holdings in shares of Cheniere Energy by 53.7% in the third quarter. Two Sigma Investments LP now owns 816,028 shares of the energy company’s stock worth $191,750,000 after acquiring an additional 285,062 shares during the period. Institutional investors own 87.26% of the company’s stock.

Insider Transactions at Cheniere Energy

In other news, EVP Sean N. Markowitz sold 22,246 shares of the company’s stock in a transaction dated Thursday, March 26th. The stock was sold at an average price of $290.98, for a total value of $6,473,141.08. Following the completion of the transaction, the executive vice president owned 64,000 shares of the company’s stock, valued at $18,622,720. This represents a 25.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Zach Davis sold 29,000 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief financial officer directly 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 disclosure for this sale is available in the SEC filing. Corporate insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. JPMorgan Chase & Co. cut their price objective on Cheniere Energy from $338.00 to $325.00 and set an “overweight” rating for the company in a report on Tuesday, April 14th. Weiss Ratings lowered Cheniere Energy from a “buy (b)” rating to a “hold (c)” rating in a report on Monday, May 11th. Bank of America lifted their price objective on Cheniere Energy from $296.00 to $322.00 and gave the stock a “buy” rating in a report on Friday, March 20th. Citigroup lifted their price objective on Cheniere Energy from $280.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, April 2nd. Finally, Scotiabank reissued an “outperform” rating on shares of Cheniere Energy in a report on Wednesday, May 13th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $293.50.

Cheniere Energy Stock Performance

NYSE LNG opened at $240.59 on Friday. The firm has a market cap of $50.42 billion, a price-to-earnings ratio of 39.57 and a beta of 0.07. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 2.55. The business has a 50-day moving average price of $263.41 and a 200-day moving average price of $228.55. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $300.89.

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 analysts’ consensus estimates of $4.25 by ($20.90). The business had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.69 billion. Cheniere Energy had a return on equity of 38.95% and a net margin of 7.23%.The business’s revenue was up 7.8% on a year-over-year basis. During the same period last year, the company earned $1.57 EPS. As a group, equities research analysts predict that Cheniere Energy, Inc. will post 15.2 EPS for the current fiscal year.

Cheniere Energy declared that its Board of Directors has approved a share repurchase plan on Thursday, February 26th that permits the company to buyback $10.00 billion in shares. This buyback authorization permits the energy company to repurchase up to 21.1% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Cheniere Energy Dividend Announcement

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

Cheniere Energy Profile

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.