Cheniere Energy, Inc. $LNG Stock Holdings Trimmed by MGO One Seven LLC

MGO One Seven LLC lowered its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 34.4% during the 4th quarter, Holdings Channel reports. The fund owned 4,033 shares of the energy company’s stock after selling 2,112 shares during the period. MGO One Seven LLC’s holdings in Cheniere Energy were worth $784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. Ameriflex Group Inc. raised its stake in Cheniere Energy by 7.3% during the 3rd quarter. Ameriflex Group Inc. now owns 688 shares of the energy company’s stock valued at $162,000 after acquiring an additional 47 shares in the last quarter. Howard Capital Management Inc. raised its stake in shares of Cheniere Energy by 3.3% in the 3rd quarter. Howard Capital Management Inc. now owns 1,488 shares of the energy company’s stock worth $350,000 after buying an additional 48 shares in the last quarter. Quest Investment Management LLC raised its stake in shares of Cheniere Energy by 6.1% in the 3rd quarter. Quest Investment Management LLC now owns 875 shares of the energy company’s stock worth $206,000 after buying an additional 50 shares in the last quarter. GRIMES & Co WEALTH MANAGEMENT LLC raised its stake in shares of Cheniere Energy by 2.3% in the 3rd quarter. GRIMES & Co WEALTH MANAGEMENT LLC now owns 2,275 shares of the energy company’s stock worth $535,000 after buying an additional 51 shares in the last quarter. Finally, Hardy Reed LLC raised its stake in shares of Cheniere Energy by 2.3% in the 3rd quarter. Hardy Reed LLC now owns 2,279 shares of the energy company’s stock worth $536,000 after buying an additional 52 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Sean N. Markowitz sold 22,246 shares of Cheniere Energy stock in a transaction on Thursday, March 26th. The stock was sold at an average price of $290.98, for a total transaction of $6,473,141.08. Following the transaction, the executive vice president owned 64,000 shares in the company, valued at approximately $18,622,720. The trade was a 25.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Zach Davis sold 29,000 shares of Cheniere Energy stock in a transaction on 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 in the company, valued at $26,143,800. This represents a 24.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.55% of the company’s stock.

Cheniere Energy Stock Performance

Shares of NYSE LNG opened at $244.22 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.57 and a debt-to-equity ratio of 2.55. The stock has a market capitalization of $51.18 billion, a price-to-earnings ratio of 40.17 and a beta of 0.07. The stock’s fifty day simple moving average is $264.47 and its 200 day simple moving average is $227.12. Cheniere Energy, Inc. has a 52-week low of $186.20 and a 52-week high of $300.89.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, May 7th. The energy company reported ($16.65) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.25 by ($20.90). The company had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.69 billion. Cheniere Energy had a return on equity of 38.95% and a net margin of 7.23%.The business’s revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.57 earnings per share. As a group, sell-side analysts forecast that Cheniere Energy, Inc. will post 14.91 earnings per share for the current fiscal year.

Cheniere Energy declared that its Board of Directors has authorized 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 buy up to 21.1% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Cheniere Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 19th. Stockholders of record on Monday, May 11th will be issued a dividend of $0.555 per share. The ex-dividend date is Monday, May 11th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.9%. Cheniere Energy’s payout ratio is currently 36.51%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on LNG. Barclays boosted their price objective on Cheniere Energy from $259.00 to $271.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. BMO Capital Markets lifted their target price on Cheniere Energy from $265.00 to $306.00 and gave the stock an “outperform” rating in a report on Monday, March 23rd. Wells Fargo & Company decreased their target price on Cheniere Energy from $280.00 to $271.00 and set an “overweight” rating on the stock in a report on Friday, March 13th. Wolfe Research set a $220.00 target price on Cheniere Energy and gave the stock an “outperform” rating in a report on Wednesday, January 14th. Finally, Weiss Ratings cut Cheniere Energy from a “buy (b)” rating to a “hold (c)” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $296.50.

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.