Cheniere Energy, Inc. $LNG Stock Holdings Lifted by Engineers Gate Manager LP

Engineers Gate Manager LP increased its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 7.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 155,260 shares of the energy company’s stock after acquiring an additional 11,176 shares during the quarter. Engineers Gate Manager LP’s holdings in Cheniere Energy were worth $30,181,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Kohmann Bosshard Financial Services LLC acquired a new stake in Cheniere Energy during the 4th quarter valued at $26,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Cheniere Energy during the third quarter valued at $27,000. Accordant Advisory Group Inc acquired a new position in Cheniere Energy during the fourth quarter valued at $29,000. Aster Capital Management DIFC Ltd acquired a new position in Cheniere Energy during the fourth quarter valued at $39,000. Finally, Eagle Bay Advisors LLC purchased a new stake in Cheniere Energy in the 4th quarter worth about $43,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Up 0.3%

LNG opened at $231.67 on Thursday. The company has a market capitalization of $48.55 billion and a PE ratio of 38.10. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.57 and a quick ratio of 0.48. Cheniere Energy, Inc. has a fifty-two week low of $186.20 and a fifty-two week high of $300.89. The business has a 50-day moving average of $248.29 and a 200-day moving average of $231.97.

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

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

Cheniere Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders 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 annualized dividend and a dividend yield of 1.0%. Cheniere Energy’s dividend payout ratio is 36.51%.

Insiders Place Their Bets

In other Cheniere Energy news, CFO Zach Davis sold 29,000 shares of the 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 transaction, the chief financial officer directly owned 87,146 shares of the company’s stock, valued at $26,143,800. This represents a 24.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Sean N. Markowitz sold 22,246 shares of the firm’s stock in a transaction dated Thursday, March 26th. The shares were sold at an average price of $290.98, for a total value of $6,473,141.08. Following the transaction, the executive vice president owned 64,000 shares in the company, valued at approximately $18,622,720. This trade represents a 25.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.55% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Barclays lifted their target price on Cheniere Energy from $259.00 to $271.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Bank of America raised their price target on shares of Cheniere Energy from $296.00 to $322.00 and gave the stock a “buy” rating in a report on Friday, March 20th. Scotiabank reaffirmed an “outperform” rating on shares of Cheniere Energy in a research report on Wednesday, May 13th. Wolfe Research reiterated an “outperform” rating and issued a $300.00 price objective on shares of Cheniere Energy in a research note on Tuesday, June 2nd. Finally, Wells Fargo & Company cut 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 report on Friday, March 13th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.