Diversify Advisory Services LLC Buys 3,659 Shares of Cheniere Energy, Inc. $LNG

Diversify Advisory Services LLC increased its stake in Cheniere Energy, Inc. (NYSE:LNG) by 380.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,620 shares of the energy company’s stock after acquiring an additional 3,659 shares during the period. Diversify Advisory Services LLC’s holdings in Cheniere Energy were worth $1,086,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd bought a new position in shares of Cheniere Energy during the 3rd quarter valued at about $2,507,000. Munich Reinsurance Co Stock Corp in Munich purchased a new stake in Cheniere Energy in the third quarter worth approximately $2,335,000. Ameriflex Group Inc. boosted its stake in Cheniere Energy by 7.3% in the third quarter. Ameriflex Group Inc. now owns 688 shares of the energy company’s stock worth $162,000 after buying an additional 47 shares in the last quarter. Blair William & Co. IL grew its position in Cheniere Energy by 8.3% during the third quarter. Blair William & Co. IL now owns 56,867 shares of the energy company’s stock valued at $13,363,000 after acquiring an additional 4,342 shares during the last quarter. Finally, HUB Investment Partners LLC raised its stake in shares of Cheniere Energy by 34.3% during the third quarter. HUB Investment Partners LLC now owns 5,259 shares of the energy company’s stock worth $1,236,000 after acquiring an additional 1,344 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

NYSE:LNG opened at $245.56 on Wednesday. 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, Inc. has a fifty-two week low of $186.20 and a fifty-two week high of $259.24. The firm has a market cap of $51.62 billion, a PE ratio of 10.11 and a beta of 0.25. The business has a 50 day moving average price of $215.50 and a 200-day moving average price of $216.99.

Cheniere Energy (NYSE:LNG) last issued its 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 company had revenue of $5.45 billion for 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 firm’s revenue for the quarter was up 22.9% on a year-over-year basis. During the same period in the previous year, the firm earned $4.33 earnings per share. Equities research analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 6th were given a $0.555 dividend. 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 presently 9.14%.

Cheniere Energy announced that its board has initiated a stock buyback program on Thursday, February 26th that allows the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization allows the energy company to purchase up to 21.1% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages have recently weighed in on LNG. Weiss Ratings lowered shares of Cheniere Energy from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, January 20th. Bank of America reduced their target price 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. Morgan Stanley set a $236.00 target price on shares of Cheniere Energy and gave the stock an “equal weight” rating in a research report on Tuesday, February 24th. Wells Fargo & Company cut their price target on shares of Cheniere Energy from $284.00 to $280.00 and set an “overweight” rating for the company in a research report on Monday, January 12th. Finally, TD Cowen raised their price objective on Cheniere Energy from $250.00 to $255.00 and gave the company a “buy” rating in a research note on Friday, February 27th. One research 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, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.