Cheniere Energy, Inc. $LNG Stock: Gunderson Capital Management LLC Increases Holdings

Gunderson Capital Management LLC increased its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 55.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 41,126 shares of the energy company’s stock after acquiring an additional 14,663 shares during the period. Cheniere Energy comprises about 3.0% of Gunderson Capital Management LLC’s portfolio, making the stock its 18th largest position. Gunderson Capital Management LLC’s holdings in Cheniere Energy were worth $11,064,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the stock. Financial Life Planners bought a new stake in shares of Cheniere Energy during the 1st quarter worth approximately $26,000. Eastern Bank grew its stake in shares of Cheniere Energy by 130.0% in the third quarter. Eastern Bank now owns 115 shares of the energy company’s stock valued at $31,000 after buying an additional 65 shares in the last quarter. Community Financial Services Group LLC bought a new position in shares of Cheniere Energy in the second quarter valued at $29,000. Transamerica Financial Advisors LLC grew its stake in shares of Cheniere Energy by 91.3% in the second quarter. Transamerica Financial Advisors LLC now owns 132 shares of the energy company’s stock valued at $32,000 after buying an additional 63 shares in the last quarter. Finally, Optiver Holding B.V. increased its holdings in Cheniere Energy by 54.5% during the first quarter. Optiver Holding B.V. now owns 136 shares of the energy company’s stock worth $39,000 after buying an additional 48 shares during the last quarter. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Stock Performance

Shares of NYSE:LNG traded down $1.01 on Thursday, reaching $278.68. 850,045 shares of the company’s stock were exchanged, compared to its average volume of 2,311,270. The company has a fifty day moving average of $275.88 and a 200-day moving average of $260.81. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $300.89. The company has a market capitalization of $57.56 billion, a price-to-earnings ratio of 20.75, a PEG ratio of 1.14 and a beta of 0.06. The company has a current ratio of 0.87, a quick ratio of 0.72 and a debt-to-equity ratio of 1.97.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Thursday, August 6th. The energy company reported $3.02 earnings per share for the quarter, missing analysts’ consensus estimates of $3.11 by ($0.09). The business had revenue of $5.73 billion during the quarter, compared to analyst estimates of $4.92 billion. Cheniere Energy had a net margin of 13.57% and a return on equity of 29.80%. The firm’s quarterly revenue was up 23.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $7.30 earnings per share. On average, research analysts predict that Cheniere Energy, Inc. will post 16.76 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 18th. Shareholders of record on Monday, August 10th were paid a dividend of $0.5550 per share. This represents a $2.22 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Monday, August 10th. Cheniere Energy’s dividend payout ratio (DPR) is 16.53%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on LNG shares. Morgan Stanley reaffirmed an “overweight” rating and set a $310.00 price target on shares of Cheniere Energy in a research report on Friday, August 7th. TD Cowen raised their target price on shares of Cheniere Energy from $280.00 to $290.00 and gave the company a “buy” rating in a research note on Tuesday, August 11th. Barclays boosted their price target on Cheniere Energy from $279.00 to $287.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 7th. JPMorgan Chase & Co. upped their price objective on Cheniere Energy from $327.00 to $334.00 and gave the company an “overweight” rating in a research note on Friday, July 24th. Finally, Wall Street Zen raised Cheniere Energy from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $306.41.

Cheniere Energy Profile

Cheniere Energy, Inc is a Houston-based energy company focused on the production, liquefaction and export of liquefied natural gas (LNG). Through its subsidiaries, the company purchases natural gas, processes it into LNG and sells it to customers under long-term agreements and in the global LNG market. Its operations also include LNG-related infrastructure, marketing and transportation activities.

Cheniere’s principal assets include the Sabine Pass LNG facility in Louisiana and the Corpus Christi LNG facility in Texas.