2,158 Shares in Cheniere Energy, Inc. $LNG Bought by Autumn Glory Partners LLC

Autumn Glory Partners LLC purchased a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,158 shares of the energy company’s stock, valued at approximately $419,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC bought a new position in shares of Cheniere Energy during the 3rd quarter valued at about $25,000. Caitong International Asset Management Co. Ltd bought a new stake in Cheniere Energy in the 3rd quarter worth approximately $27,000. Accordant Advisory Group Inc purchased a new stake in Cheniere Energy in the fourth quarter worth approximately $29,000. Hazlett Burt & Watson Inc. grew its position in Cheniere Energy by 250.0% during the third quarter. Hazlett Burt & Watson Inc. now owns 140 shares of the energy company’s stock valued at $32,000 after acquiring an additional 100 shares during the last quarter. Finally, Rakuten Investment Management Inc. bought a new stake in shares of Cheniere Energy in the 3rd quarter worth approximately $38,000. Institutional investors own 87.26% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on LNG shares. Scotiabank increased their target price on shares of Cheniere Energy from $285.00 to $288.00 and gave the company an “outperform” rating in a report on Thursday. Wolfe Research set a $220.00 price target on shares of Cheniere Energy and gave the company an “outperform” rating in a research report on Wednesday, January 14th. UBS Group raised their price objective on Cheniere Energy from $305.00 to $340.00 and gave the company a “buy” rating in a research note on Thursday, March 26th. Jefferies Financial Group boosted their target price on Cheniere Energy from $275.00 to $330.00 and gave the company a “buy” rating in a research note on Tuesday, April 7th. Finally, Barclays increased their target price on Cheniere Energy from $259.00 to $271.00 and gave the company an “overweight” rating in a report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Cheniere Energy currently has an average rating of “Moderate Buy” and a consensus price target of $293.00.

Insider Activity at Cheniere Energy

In related news, EVP Sean N. Markowitz sold 22,246 shares of the company’s stock in a transaction on Thursday, March 26th. The shares were sold at an average price of $290.98, for a total transaction of $6,473,141.08. Following the completion of the transaction, the executive vice president owned 64,000 shares in the company, valued at approximately $18,622,720. This represents a 25.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Zach Davis sold 29,000 shares of the firm’s stock in a transaction dated Monday, March 30th. The shares were sold at an average price of $300.00, for a total value of $8,700,000.00. Following the transaction, the chief financial officer owned 87,146 shares of the company’s stock, valued at approximately $26,143,800. The trade was 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.

Cheniere Energy Stock Up 0.5%

LNG stock opened at $252.39 on Tuesday. The company has a market capitalization of $53.04 billion, a price-to-earnings ratio of 10.39 and a beta of 0.14. The business’s 50 day moving average price is $254.84 and its two-hundred day moving average price is $224.14. Cheniere Energy, Inc. has a fifty-two week low of $186.20 and a fifty-two week high of $300.89. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.81 and a current ratio of 0.94.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Wednesday, February 25th. The energy company reported $10.68 earnings per share for the quarter, beating the consensus estimate 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 last year, the company earned $4.33 earnings per share. The company’s revenue was up 22.9% on a year-over-year basis. As a group, analysts forecast that Cheniere Energy, Inc. will post 14.16 earnings per share for the current fiscal year.

Cheniere Energy Announces Dividend

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

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

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.