Cheniere Energy, Inc. $LNG Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC trimmed its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 1.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,599,480 shares of the energy company’s stock after selling 16,646 shares during the quarter. CIBC Private Wealth Group LLC owned 0.74% of Cheniere Energy worth $375,846,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in LNG. State Street Corp raised its holdings in shares of Cheniere Energy by 6.7% in the 3rd quarter. State Street Corp now owns 6,007,073 shares of the energy company’s stock worth $1,411,542,000 after purchasing an additional 377,369 shares in the last quarter. Norges Bank bought a new position in shares of Cheniere Energy in the second quarter valued at $957,425,000. Victory Capital Management Inc. lifted its position in shares of Cheniere Energy by 21.5% during the 3rd quarter. Victory Capital Management Inc. now owns 2,025,609 shares of the energy company’s stock valued at $475,633,000 after acquiring an additional 359,123 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Cheniere Energy by 0.5% during the 2nd quarter. Canada Pension Plan Investment Board now owns 1,845,285 shares of the energy company’s stock worth $449,364,000 after acquiring an additional 8,740 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Cheniere Energy by 5.6% in the 3rd quarter. Northern Trust Corp now owns 1,786,636 shares of the energy company’s stock worth $419,824,000 after acquiring an additional 95,545 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Price Performance

LNG opened at $251.52 on Wednesday. The stock has a fifty day moving average price of $221.11 and a 200 day moving average price of $217.37. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 1.74. Cheniere Energy, Inc. has a 1 year low of $186.20 and a 1 year high of $259.24. The stock has a market cap of $52.87 billion, a price-to-earnings ratio of 10.35 and a beta of 0.25.

Cheniere Energy (NYSE:LNG) last issued its 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. Cheniere Energy had a return on equity of 32.04% and a net margin of 26.68%.The company had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same period in the prior year, the firm posted $4.33 EPS. The business’s revenue was up 22.9% compared to the same quarter last year. Analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

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

Cheniere Energy announced that its board has approved a stock buyback program on Thursday, February 26th that allows the company to repurchase $10.00 billion in 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 typically a sign that the company’s leadership believes its stock is undervalued.

Wall Street Analysts Forecast Growth

LNG has been the subject of a number of recent analyst reports. Citigroup decreased their price target on Cheniere Energy from $283.00 to $280.00 and set a “buy” rating for the company in a research report on Monday, January 12th. Weiss Ratings downgraded shares of Cheniere Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 20th. Barclays upped their price target 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. BMO Capital Markets reissued an “outperform” rating and set a $254.00 target price on shares of Cheniere Energy in a research note on Wednesday, December 17th. Finally, Morgan Stanley set a $236.00 target price on Cheniere Energy and gave the stock an “equal weight” rating in a research report on Tuesday, February 24th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $264.94.

Cheniere Energy 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.