Sivia Capital Partners LLC Takes Position in Cheniere Energy, Inc. $LNG

Sivia Capital Partners LLC bought a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,807 shares of the energy company’s stock, valued at approximately $546,000.

Several other large investors have also recently modified their holdings of LNG. Brighton Jones LLC bought a new position in shares of Cheniere Energy during the 4th quarter valued at approximately $335,000. Bank of Nova Scotia increased its position in shares of Cheniere Energy by 13.3% during the 2nd quarter. Bank of Nova Scotia now owns 8,825 shares of the energy company’s stock valued at $2,149,000 after purchasing an additional 1,035 shares during the last quarter. Sei Investments Co. increased its position in shares of Cheniere Energy by 23.1% during the 2nd quarter. Sei Investments Co. now owns 183,153 shares of the energy company’s stock valued at $44,600,000 after purchasing an additional 34,422 shares during the last quarter. Treasurer of the State of North Carolina increased its position in shares of Cheniere Energy by 0.8% during the 2nd quarter. Treasurer of the State of North Carolina now owns 103,040 shares of the energy company’s stock valued at $25,092,000 after purchasing an additional 805 shares during the last quarter. Finally, Ieq Capital LLC increased its position in shares of Cheniere Energy by 87.0% during the 2nd quarter. Ieq Capital LLC now owns 36,502 shares of the energy company’s stock valued at $8,889,000 after purchasing an additional 16,977 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Price Performance

Shares of LNG stock opened at $238.81 on Friday. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $300.89. The stock has a market capitalization of $50.04 billion and a price-to-earnings ratio of 39.28. The stock has a fifty day simple moving average of $256.13 and a two-hundred day simple moving average of $230.19. 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 for the quarter, missing the consensus estimate of $4.25 by ($20.90). Cheniere Energy had a return on equity of 38.95% and a net margin of 7.23%.The firm had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.69 billion. During the same quarter in the prior year, the company posted $1.57 earnings per share. Cheniere Energy’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, analysts predict that Cheniere Energy, Inc. will post 14.75 EPS for the current fiscal year.

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 $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 currently 36.51%.

Cheniere Energy announced that its Board of Directors has authorized a share repurchase program on Thursday, February 26th that authorizes the company to buyback $10.00 billion in shares. This buyback authorization authorizes the energy company to repurchase up to 21.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. TD Cowen boosted their target price on Cheniere Energy from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Monday, May 11th. JPMorgan Chase & Co. upped their price objective on Cheniere Energy from $325.00 to $327.00 and gave the company an “overweight” rating in a research report on Wednesday. Bank of America upped their price objective on Cheniere Energy from $296.00 to $322.00 and gave the company a “buy” rating in a research report on Friday, March 20th. BMO Capital Markets upped their price objective on Cheniere Energy from $265.00 to $306.00 and gave the company an “outperform” rating in a research report on Monday, March 23rd. Finally, Royal Bank Of Canada upped their price objective on Cheniere Energy from $286.00 to $300.00 and gave the company an “outperform” rating in a research report on Tuesday, April 14th. Two research 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 company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $298.63.

Insider Buying and Selling at Cheniere Energy

In other Cheniere Energy news, CFO Zach Davis sold 29,000 shares of the company’s stock in a transaction on 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 completion of the sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Sean N. Markowitz sold 22,246 shares of the company’s stock in a transaction 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 sale, the executive vice president owned 64,000 shares of the company’s stock, valued at $18,622,720. This represents a 25.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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.