Perryman Financial Advisory Inc. AD Invests $6.50 Million in Cheniere Energy, Inc. $LNG

Perryman Financial Advisory Inc. AD acquired a new stake in Cheniere Energy, Inc. (NYSE:LNG) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 33,458 shares of the energy company’s stock, valued at approximately $6,504,000. Cheniere Energy accounts for 1.0% of Perryman Financial Advisory Inc. AD’s investment portfolio, making the stock its 29th largest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. Viking Fund Management LLC increased its position in Cheniere Energy by 66.7% during the fourth quarter. Viking Fund Management LLC now owns 45,000 shares of the energy company’s stock worth $8,748,000 after purchasing an additional 18,000 shares during the last quarter. Trivium Point Advisory LLC boosted its holdings in shares of Cheniere Energy by 38.8% in the 4th quarter. Trivium Point Advisory LLC now owns 56,930 shares of the energy company’s stock valued at $11,067,000 after purchasing an additional 15,927 shares during the last quarter. M&G PLC boosted its holdings in shares of Cheniere Energy by 49.6% in the 3rd quarter. M&G PLC now owns 556,285 shares of the energy company’s stock valued at $130,727,000 after purchasing an additional 184,520 shares during the last quarter. Waverton Investment Management Ltd grew 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 during the period. Finally, J. Safra Sarasin Holding AG grew its stake in shares of 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 valued at $3,014,000 after buying an additional 10,774 shares during the period. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cheniere Energy

In other Cheniere Energy news, 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 completion of the transaction, the chief financial officer 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 transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Sean N. Markowitz sold 22,246 shares of Cheniere Energy stock in a transaction dated Thursday, March 26th. The shares were 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 directly owned 64,000 shares of the company’s stock, valued at $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. Company insiders own 0.55% of the company’s stock.

Cheniere Energy Stock Down 0.2%

Shares of NYSE LNG opened at $240.85 on Monday. The stock’s 50-day simple moving average is $251.29 and its 200-day simple moving average is $231.40. Cheniere Energy, Inc. has a 1 year low of $186.20 and a 1 year high of $300.89. The firm has a market cap of $50.47 billion and a price-to-earnings ratio of 39.61. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.48 and a current ratio of 0.57.

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

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

Cheniere Energy Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders 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 yield of 0.9%. The ex-dividend date of this dividend was Monday, May 11th. Cheniere Energy’s dividend payout ratio (DPR) is currently 36.51%.

Analyst Ratings Changes

Several brokerages recently weighed in on LNG. Benchmark reaffirmed an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, May 26th. JPMorgan Chase & Co. upped their price target on Cheniere Energy from $325.00 to $327.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. TD Cowen raised their price objective on Cheniere Energy from $265.00 to $270.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Barclays lifted their price objective on Cheniere Energy from $259.00 to $271.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Finally, UBS Group set a $290.00 target price on Cheniere Energy in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $298.63.

About Cheniere Energy

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.