Total Wealth Planning & Management Inc. Purchases New Shares in Cheniere Energy, Inc. $LNG

Total Wealth Planning & Management Inc. purchased a new stake in Cheniere Energy, Inc. (NYSE:LNG) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 6,476 shares of the energy company’s stock, valued at approximately $1,259,000. Cheniere Energy comprises 0.9% of Total Wealth Planning & Management Inc.’s holdings, making the stock its 20th biggest holding.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC acquired a new stake in Cheniere Energy in the fourth quarter worth about $335,000. Bank of Nova Scotia increased its position in Cheniere Energy by 13.3% in the second quarter. Bank of Nova Scotia now owns 8,825 shares of the energy company’s stock worth $2,149,000 after purchasing an additional 1,035 shares during the period. Sei Investments Co. increased its position in Cheniere Energy by 23.1% in the second quarter. Sei Investments Co. now owns 183,153 shares of the energy company’s stock worth $44,600,000 after purchasing an additional 34,422 shares during the period. Treasurer of the State of North Carolina increased its position in Cheniere Energy by 0.8% in the second quarter. Treasurer of the State of North Carolina now owns 103,040 shares of the energy company’s stock worth $25,092,000 after purchasing an additional 805 shares during the period. Finally, Ieq Capital LLC increased its position in Cheniere Energy by 87.0% in the second quarter. Ieq Capital LLC now owns 36,502 shares of the energy company’s stock worth $8,889,000 after purchasing an additional 16,977 shares during the period. 87.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on LNG shares. Zacks Research upgraded Cheniere Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Jefferies Financial Group lifted their price objective on Cheniere Energy from $275.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday, April 7th. BMO Capital Markets lifted 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. Bank of America lifted their price objective on Cheniere Energy from $296.00 to $322.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Finally, Weiss Ratings lowered Cheniere Energy from a “buy (b)” rating to a “hold (c)” rating in a research report on Monday, May 11th. 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.com, Cheniere Energy currently has an average rating of “Buy” and an average target price of $298.63.

Insider Activity

In other news, EVP Sean N. Markowitz sold 22,246 shares of the business’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 completion of the transaction, the executive vice president directly owned 64,000 shares in the company, valued at approximately $18,622,720. The trade was a 25.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Zach Davis sold 29,000 shares of the business’s stock in a transaction dated Monday, March 30th. The stock was sold at an average price of $300.00, for a total value of $8,700,000.00. Following 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 disclosure for this sale is available in the SEC filing. 0.55% of the stock is currently owned by insiders.

More Cheniere Energy News

Here are the key news stories impacting Cheniere Energy this week:

• Positive Sentiment: Cheniere advanced the next phase of its Sabine Pass LNG expansion by awarding Bechtel the EPC contract, reinforcing its growth strategy and future export capacity. Bechtel picked for $4.69B Sabine Pass LNG expansion in Louisiana
• Positive Sentiment: Cheniere also awarded the EPC contract for the next phase of Sabine Pass expansion to Bechtel, another sign that management is moving ahead with a major capacity buildout. Cheniere awards EPC contract for next phase of Sabine Pass LNG expansion to Bechtel
• Positive Sentiment: Several analysts raised earnings estimates for Cheniere, while JPMorgan lifted its price target to $327 and kept an overweight rating, which can support investor confidence in the stock. Benzinga report on JPMorgan price target increase
• Positive Sentiment: US Capital Advisors increased earnings forecasts across multiple future periods, reflecting expectations for stronger profitability and a favorable LNG export backdrop. Cheniere Energy (LNG) Moves To Scale Capacity Amid Favorable LNG Exports Backdrop
• Neutral Sentiment: The broader energy/LNG commentary highlighted Cheniere as a beneficiary of stronger global LNG demand, especially as Europe seeks more diverse energy supplies, but this is more thematic support than a company-specific development. See opportunities in European defense & U.S. LNG : RGA Investments

Cheniere Energy Price Performance

Cheniere Energy stock opened at $240.65 on Friday. The firm has a market capitalization of $50.43 billion and a P/E ratio of 39.58. Cheniere Energy, Inc. has a 1 year low of $186.20 and a 1 year high of $300.89. The business has a 50-day moving average of $257.05 and a 200-day moving average of $230.13. 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 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). The company had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.69 billion. Cheniere Energy had a return on equity of 38.95% and a net margin of 7.23%.Cheniere Energy’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.57 earnings per share. On average, equities analysts anticipate that Cheniere Energy, Inc. will post 14.64 EPS for the current year.

Cheniere Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Monday, May 11th were given a dividend of $0.555 per share. 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 payout ratio is presently 36.51%.

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

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.