Cheniere Energy, Inc. $LNG Shares Sold by DJE Kapital AG

DJE Kapital AG trimmed its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 97.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,910 shares of the energy company’s stock after selling 125,116 shares during the quarter. DJE Kapital AG’s holdings in Cheniere Energy were worth $560,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Viking Fund Management LLC lifted its position in Cheniere Energy by 66.7% during the 4th quarter. Viking Fund Management LLC now owns 45,000 shares of the energy company’s stock worth $8,748,000 after acquiring an additional 18,000 shares during the period. Trivium Point Advisory LLC lifted its position in Cheniere Energy by 38.8% during the 4th quarter. Trivium Point Advisory LLC now owns 56,930 shares of the energy company’s stock worth $11,067,000 after acquiring an additional 15,927 shares during the period. M&G PLC lifted its position in Cheniere Energy by 49.6% during the 3rd quarter. M&G PLC now owns 556,285 shares of the energy company’s stock worth $130,727,000 after acquiring an additional 184,520 shares during the period. Waverton Investment Management Ltd lifted its position in Cheniere Energy by 35.3% during the 3rd quarter. Waverton Investment Management Ltd now owns 196,819 shares of the energy company’s stock worth $46,244,000 after acquiring an additional 51,326 shares during the period. Finally, J. Safra Sarasin Holding AG lifted its position in Cheniere Energy by 227.7% during the 4th quarter. J. Safra Sarasin Holding AG now owns 15,505 shares of the energy company’s stock worth $3,014,000 after acquiring an additional 10,774 shares during the period. 87.26% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Sean N. Markowitz sold 22,246 shares of the firm’s stock in a transaction that occurred on Thursday, March 26th. The stock was sold at an average price of $290.98, for a total value of $6,473,141.08. Following the completion of the transaction, the executive vice president directly owned 64,000 shares of the company’s stock, valued at $18,622,720. This trade represents a 25.79% decrease in their position. 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 that occurred 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 completion of the transaction, the chief financial officer directly owned 87,146 shares of the company’s stock, valued at $26,143,800. The trade was a 24.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on LNG shares. UBS Group set a $290.00 price objective on Cheniere Energy in a research report on Wednesday, May 13th. BMO Capital Markets increased their price objective on Cheniere Energy from $265.00 to $306.00 and gave the stock an “outperform” rating in a research report on Monday, March 23rd. Wells Fargo & Company decreased their price objective on Cheniere Energy from $280.00 to $271.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. Morgan Stanley cut their target price on Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating for the company in a research note on Tuesday, April 21st. Finally, Weiss Ratings downgraded Cheniere Energy from a “buy (b)” rating to a “hold (c)” rating in a research note on Monday, May 11th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $298.63.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $239.78 on Friday. The company has a market cap of $50.25 billion and a price-to-earnings ratio of 39.44. The stock has a 50 day simple moving average of $251.98 and a 200-day simple moving average of $231.14. Cheniere Energy, Inc. has a 12-month low of $186.20 and a 12-month high of $300.89. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 2.55.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Wednesday, May 6th. The energy company reported ($16.65) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.25 by ($20.90). The business had revenue of $5.87 billion for the quarter, compared to analysts’ expectations of $5.69 billion. Cheniere Energy had a return on equity of 38.95% and a net margin of 7.23%.The business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the company posted $1.57 earnings per share. On average, equities analysts forecast that Cheniere Energy, Inc. will post 14.93 EPS for the current year.

Cheniere Energy declared that its board has authorized a stock repurchase plan on Thursday, February 26th that permits the company to repurchase $10.00 billion in shares. This repurchase authorization permits the energy company to purchase up to 21.1% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Cheniere Energy Announces Dividend

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

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.