Cheniere Energy, Inc. $LNG Shares Sold by Boothbay Fund Management LLC

Boothbay Fund Management LLC lessened its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 19.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,886 shares of the energy company’s stock after selling 4,636 shares during the quarter. Boothbay Fund Management LLC’s holdings in Cheniere Energy were worth $4,438,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Railway Pension Investments Ltd grew its holdings in shares of Cheniere Energy by 62.9% during the 3rd quarter. Railway Pension Investments Ltd now owns 777,200 shares of the energy company’s stock worth $182,626,000 after purchasing an additional 300,100 shares during the period. M&G PLC raised its holdings in Cheniere Energy by 49.6% in the 3rd quarter. M&G PLC now owns 556,285 shares of the energy company’s stock valued at $130,727,000 after buying an additional 184,520 shares during the period. Waverton Investment Management Ltd lifted its position in Cheniere Energy by 35.3% in the third quarter. Waverton Investment Management Ltd now owns 196,819 shares of the energy company’s stock valued at $46,244,000 after buying an additional 51,326 shares during the last quarter. Allianz Asset Management GmbH lifted its position in Cheniere Energy by 12.6% in the third quarter. Allianz Asset Management GmbH now owns 1,460,762 shares of the energy company’s stock valued at $343,250,000 after buying an additional 163,861 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in Cheniere Energy by 2.6% during the third quarter. Envestnet Asset Management Inc. now owns 360,504 shares of the energy company’s stock worth $84,711,000 after buying an additional 9,085 shares during the period. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $252.44 on Monday. The company has a quick ratio of 0.81, a current ratio of 0.94 and a debt-to-equity ratio of 1.74. Cheniere Energy, Inc. has a 52 week low of $186.20 and a 52 week high of $259.24. The stock has a market capitalization of $53.06 billion, a PE ratio of 10.39 and a beta of 0.25. The firm has a 50 day moving average of $218.91 and a two-hundred day moving average of $217.23.

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

Cheniere Energy Announces Dividend

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

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

Analyst Upgrades and Downgrades

LNG has been the subject of a number of recent analyst reports. Weiss Ratings cut shares of Cheniere Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 20th. TD Cowen upped their price objective on shares of Cheniere Energy from $250.00 to $255.00 and gave the stock a “buy” rating in a report on Friday, February 27th. Citigroup lowered their price objective on shares of Cheniere Energy from $283.00 to $280.00 and set a “buy” rating for the company in a research report on Monday, January 12th. Barclays lifted their target price on shares of Cheniere Energy from $259.00 to $271.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Finally, BMO Capital Markets restated an “outperform” rating and set a $254.00 price target on shares of Cheniere Energy in a research note on Wednesday, December 17th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $264.39.

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.