Barometer Capital Management Inc. Has $7.11 Million Position in Cheniere Energy, Inc. $LNG

Barometer Capital Management Inc. reduced its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 32.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 30,330 shares of the energy company’s stock after selling 14,721 shares during the period. Cheniere Energy makes up approximately 1.8% of Barometer Capital Management Inc.’s holdings, making the stock its 19th biggest holding. Barometer Capital Management Inc.’s holdings in Cheniere Energy were worth $7,108,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC bought a new stake in shares of Cheniere Energy in the 4th quarter valued at about $335,000. ProShare Advisors LLC increased its position in Cheniere Energy by 15.8% during the 2nd quarter. ProShare Advisors LLC now owns 17,380 shares of the energy company’s stock worth $4,232,000 after buying an additional 2,377 shares during the period. Illinois Municipal Retirement Fund boosted its holdings in Cheniere Energy by 4.0% in the 2nd quarter. Illinois Municipal Retirement Fund now owns 14,406 shares of the energy company’s stock valued at $3,508,000 after purchasing an additional 549 shares during the period. Allworth Financial LP grew its position in Cheniere Energy by 83.2% during the second quarter. Allworth Financial LP now owns 12,055 shares of the energy company’s stock worth $2,936,000 after buying an additional 5,474 shares in the last quarter. Finally, Vise Technologies Inc. bought a new position in shares of Cheniere Energy in the second quarter worth $1,515,000. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Stock Performance

Shares of Cheniere Energy stock opened at $250.30 on Thursday. The business has a 50 day moving average price of $216.62 and a 200-day moving average price of $217.23. Cheniere Energy, Inc. has a 52 week low of $186.20 and a 52 week high of $259.24. The company has a market cap of $52.61 billion, a PE ratio of 10.30 and a beta of 0.25. 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 (NYSE:LNG) last released its quarterly earnings results on Wednesday, February 25th. The energy company reported $10.68 earnings per share for the quarter, topping the consensus estimate of $3.90 by $6.78. The business had revenue of $5.45 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the company earned $4.33 earnings per share. Equities analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

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

Cheniere Energy Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on LNG shares. UBS Group boosted their target price on shares of Cheniere Energy from $277.00 to $301.00 and gave the company a “buy” rating in a research report on Tuesday, March 3rd. Citigroup cut their price objective on Cheniere Energy from $283.00 to $280.00 and set a “buy” rating on the stock in a report on Monday, January 12th. Wells Fargo & Company decreased 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. Royal Bank Of Canada reduced their price target on Cheniere Energy from $282.00 to $271.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 28th. Finally, Wolfe Research set a $220.00 target price on Cheniere Energy and gave the company an “outperform” rating in a report on Wednesday, January 14th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $264.89.

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.