ArrowMark Colorado Holdings LLC Sells 208,650 Shares of Cheniere Energy, Inc. $LNG

ArrowMark Colorado Holdings LLC cut its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 56.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 161,793 shares of the energy company’s stock after selling 208,650 shares during the period. ArrowMark Colorado Holdings LLC owned 0.08% of Cheniere Energy worth $38,018,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Dynamic Advisor Solutions LLC increased its stake in shares of Cheniere Energy by 1.5% during the third quarter. Dynamic Advisor Solutions LLC now owns 3,268 shares of the energy company’s stock worth $768,000 after purchasing an additional 47 shares during the period. Childress Capital Advisors LLC lifted its holdings in Cheniere Energy by 0.9% during the 3rd quarter. Childress Capital Advisors LLC now owns 5,385 shares of the energy company’s stock worth $1,265,000 after purchasing an additional 47 shares during the last quarter. Ameriflex Group Inc. boosted its stake in Cheniere Energy by 7.3% in the 3rd quarter. Ameriflex Group Inc. now owns 688 shares of the energy company’s stock valued at $162,000 after purchasing an additional 47 shares during the period. Howard Capital Management Inc. boosted its stake in Cheniere Energy by 3.3% in the 3rd quarter. Howard Capital Management Inc. now owns 1,488 shares of the energy company’s stock valued at $350,000 after purchasing an additional 48 shares during the period. Finally, Titleist Asset Management LLC grew its holdings in Cheniere Energy by 1.5% in the 2nd quarter. Titleist Asset Management LLC now owns 3,309 shares of the energy company’s stock valued at $806,000 after buying an additional 50 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Jefferies Financial Group reiterated a “buy” rating on shares of Cheniere Energy in a research report on Thursday, February 26th. Barclays boosted their target price on shares of Cheniere Energy from $259.00 to $271.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. UBS Group raised their price target on shares of Cheniere Energy from $277.00 to $301.00 and gave the stock a “buy” rating in a research report on Tuesday, March 3rd. Scotiabank lifted their price objective on shares of Cheniere Energy from $266.00 to $285.00 and gave the stock a “sector outperform” rating in a research note on Thursday, March 5th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $254.00 price objective on shares of Cheniere Energy in a report on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, Cheniere Energy currently has an average rating of “Moderate Buy” and a consensus target price of $264.39.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $252.44 on Friday. The stock has a market capitalization of $53.06 billion, a PE ratio of 10.39 and a beta of 0.25. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.94 and a quick ratio of 0.81. The business has a fifty day moving average price of $218.91 and a two-hundred day moving average price of $217.40. Cheniere Energy, Inc. has a fifty-two week low of $186.20 and a fifty-two week high of $259.24.

Cheniere Energy (NYSE:LNG) last released its earnings results on Wednesday, February 25th. The energy company reported $10.68 earnings per share for the quarter, beating analysts’ consensus estimates of $3.90 by $6.78. Cheniere Energy had a return on equity of 32.04% and a net margin of 26.68%.The firm had revenue of $5.45 billion during the quarter, compared to the consensus estimate of $5.48 billion. During the same period in the prior year, the company posted $4.33 EPS. The company’s revenue was up 22.9% compared to the same quarter last year. As a group, equities analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

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

Cheniere Energy declared that its board has approved a stock repurchase plan on Thursday, February 26th that permits the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization permits the energy company to purchase up to 21.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

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.