Cbre Investment Management Listed Real Assets LLC Increases Position in Cheniere Energy, Inc. $LNG

Cbre Investment Management Listed Real Assets LLC raised its stake in Cheniere Energy, Inc. (NYSE:LNG) by 39.0% during the fourth quarter, Holdings Channel reports. The fund owned 761,179 shares of the energy company’s stock after buying an additional 213,634 shares during the period. Cheniere Energy makes up approximately 2.2% of Cbre Investment Management Listed Real Assets LLC’s portfolio, making the stock its 12th largest position. Cbre Investment Management Listed Real Assets LLC’s holdings in Cheniere Energy were worth $147,966,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Viking Fund Management LLC boosted its stake in Cheniere Energy by 66.7% in the fourth quarter. Viking Fund Management LLC now owns 45,000 shares of the energy company’s stock valued at $8,748,000 after acquiring an additional 18,000 shares during the last quarter. Trivium Point Advisory LLC boosted its stake in Cheniere Energy by 38.8% in the fourth quarter. Trivium Point Advisory LLC now owns 56,930 shares of the energy company’s stock valued at $11,067,000 after acquiring an additional 15,927 shares during the last quarter. M&G PLC boosted its stake in Cheniere Energy by 49.6% in the third quarter. M&G PLC now owns 556,285 shares of the energy company’s stock valued at $130,727,000 after acquiring an additional 184,520 shares during the last quarter. Waverton Investment Management Ltd lifted its stake in shares of Cheniere Energy by 35.3% during the 3rd quarter. Waverton Investment Management Ltd now owns 196,819 shares of the energy company’s stock valued at $46,244,000 after buying an additional 51,326 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in shares of Cheniere Energy by 12.6% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,460,762 shares of the energy company’s stock valued at $343,250,000 after buying an additional 163,861 shares in the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Cheniere Energy news, EVP Sean N. Markowitz sold 22,246 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president owned 64,000 shares in the company, valued at $18,622,720. This trade represents a 25.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at 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 sale, the chief financial officer owned 87,146 shares in the company, valued at $26,143,800. The trade was a 24.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.55% of the company’s stock.

Cheniere Energy Stock Performance

NYSE LNG opened at $227.94 on Tuesday. Cheniere Energy, Inc. has a 1 year low of $186.20 and a 1 year high of $300.89. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.57 and a quick ratio of 0.48. The stock has a market capitalization of $47.76 billion and a PE ratio of 37.49. The company’s 50 day simple moving average is $260.04 and its two-hundred day simple moving average is $229.64.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Wednesday, May 6th. The energy company reported ($16.65) earnings per share (EPS) for the quarter, missing the consensus estimate of $4.25 by ($20.90). Cheniere Energy had a return on equity of 38.95% and a net margin of 7.23%.The firm had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.69 billion. During the same quarter in the prior year, the company earned $1.57 earnings per share. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. Analysts predict that Cheniere Energy, Inc. will post 15.2 earnings per share for the current fiscal year.

Cheniere Energy announced that its board has authorized a share buyback plan on Thursday, February 26th that permits the company to buyback $10.00 billion in outstanding shares. This buyback authorization permits the energy company to reacquire up to 21.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Monday, May 11th were issued a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, May 11th. Cheniere Energy’s payout ratio is currently 36.51%.

Analysts Set New Price Targets

A number of brokerages recently commented on LNG. JPMorgan Chase & Co. dropped their price target on shares of Cheniere Energy from $338.00 to $325.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 14th. Weiss Ratings cut shares of Cheniere Energy from a “buy (b)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Scotiabank restated an “outperform” rating on shares of Cheniere Energy in a research note on Wednesday, May 13th. The Goldman Sachs Group upped their price target on shares of Cheniere Energy from $276.00 to $312.00 and gave the company a “buy” rating in a research note on Tuesday, March 24th. Finally, Citigroup upped their price target on shares of Cheniere Energy from $280.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $293.50.

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.