Fieldview Capital Management LLC Acquires 9,979 Shares of Cheniere Energy, Inc. $LNG

Fieldview Capital Management LLC raised its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 327.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,022 shares of the energy company’s stock after purchasing an additional 9,979 shares during the quarter. Fieldview Capital Management LLC’s holdings in Cheniere Energy were worth $3,060,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Salomon & Ludwin LLC purchased a new position in shares of Cheniere Energy in the 3rd quarter worth about $25,000. Hazlett Burt & Watson Inc. increased its holdings in Cheniere Energy by 250.0% during 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 last quarter. Pin Oak Investment Advisors Inc. purchased a new stake in Cheniere Energy during the second quarter worth about $34,000. Armstrong Advisory Group Inc. raised its position in 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 acquiring an additional 50 shares during the period. Finally, Rakuten Investment Management Inc. bought a new stake in Cheniere Energy in the third quarter worth about $38,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Stock Performance

NYSE LNG opened at $254.77 on Monday. The company’s 50 day moving average is $213.30 and its 200-day moving average is $216.86. Cheniere Energy, Inc. has a 12-month low of $186.20 and a 12-month high of $259.24. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 1.74. The firm has a market cap of $53.55 billion, a P/E ratio of 10.48 and a beta of 0.25.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data 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 company had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period last year, the firm earned $4.33 EPS. Cheniere Energy’s revenue for the quarter was up 22.9% on a year-over-year basis. Sell-side analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

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

Cheniere Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 6th were given a dividend of $0.555 per share. The ex-dividend date was Friday, February 6th. This represents a $2.22 annualized dividend and a dividend yield of 0.9%. Cheniere Energy’s dividend payout ratio is currently 9.14%.

Analyst Upgrades and Downgrades

LNG has been the subject of a number of research reports. Jefferies Financial Group reissued a “buy” rating on shares of Cheniere Energy in a research report on Thursday, February 26th. Bank of America lowered their price target on shares of Cheniere Energy from $274.00 to $271.00 and set a “buy” rating on the stock in a report on Thursday, December 11th. BMO Capital Markets reiterated an “outperform” rating and issued a $254.00 price objective on shares of Cheniere Energy in a research note on Wednesday, December 17th. Wells Fargo & Company reduced their price objective on Cheniere Energy from $284.00 to $280.00 and set an “overweight” rating for the company in a report on Monday, January 12th. Finally, Erste Group Bank downgraded Cheniere Energy from a “buy” rating to a “hold” rating in a research report on Monday, November 10th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $264.89.

Cheniere Energy Company 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.