ArchPoint Investors Grows Position in Cheniere Energy, Inc. $LNG

ArchPoint Investors raised its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 39.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,950 shares of the energy company’s stock after purchasing an additional 9,000 shares during the quarter. Cheniere Energy makes up approximately 1.5% of ArchPoint Investors’ portfolio, making the stock its 16th largest holding. ArchPoint Investors’ holdings in Cheniere Energy were worth $6,211,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Cheniere Energy in the third quarter worth about $27,000. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Cheniere Energy in the fourth quarter worth about $26,000. Accordant Advisory Group Inc purchased a new stake in shares of Cheniere Energy in the fourth quarter worth about $29,000. Eagle Bay Advisors LLC purchased a new stake in shares of Cheniere Energy in the fourth quarter worth about $43,000. Finally, Lodestone Wealth Management LLC purchased a new stake in shares of Cheniere Energy in the fourth quarter worth about $46,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Stock Up 0.3%

LNG stock opened at $240.85 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 2.55. The company’s 50 day moving average is $251.29 and its 200 day moving average is $231.21. The stock has a market cap of $50.47 billion and a price-to-earnings ratio of 39.61. Cheniere Energy, Inc. has a 1-year low of $186.20 and a 1-year high of $300.89.

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

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Monday, May 11th were given a $0.555 dividend. This represents a $2.22 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Monday, May 11th. Cheniere Energy’s dividend payout ratio is 36.51%.

Cheniere Energy declared that its board has authorized a stock buyback program on Thursday, February 26th that authorizes the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization authorizes the energy company to repurchase up to 21.1% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on LNG shares. Barclays increased their price target on shares of Cheniere Energy from $259.00 to $271.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Weiss Ratings downgraded shares of Cheniere Energy from a “buy (b)” rating to a “hold (c)” rating in a report on Monday, May 11th. Benchmark reissued an “outperform” rating on shares of Cheniere Energy in a report on Tuesday, May 26th. Royal Bank Of Canada increased their price target on shares of Cheniere Energy from $286.00 to $300.00 and gave the stock an “outperform” rating in a report on Tuesday, April 14th. Finally, Zacks Research downgraded shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $298.63.

Insider Activity at Cheniere Energy

In related news, CFO Zach Davis sold 29,000 shares of the company’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 transaction, the chief financial officer directly owned 87,146 shares in the company, valued at approximately $26,143,800. This represents a 24.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Sean N. Markowitz sold 22,246 shares of the company’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 transaction of $6,473,141.08. Following the completion of the transaction, the executive vice president owned 64,000 shares in the company, valued at approximately $18,622,720. This trade represents a 25.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.55% of the stock is currently owned by corporate insiders.

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.