Havemeyer Place LP Invests $1.19 Million in Cheniere Energy, Inc. $LNG

Havemeyer Place LP bought a new position in Cheniere Energy, Inc. (NYSE:LNG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,137 shares of the energy company’s stock, valued at approximately $1,193,000.

Several other hedge funds also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Cheniere Energy in the third quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Cheniere Energy in the fourth quarter valued at about $26,000. Accordant Advisory Group Inc acquired a new stake in shares of Cheniere Energy in the fourth quarter valued at about $29,000. Eagle Bay Advisors LLC acquired a new stake in shares of Cheniere Energy in the fourth quarter valued at about $43,000. Finally, Lodestone Wealth Management LLC acquired a new stake in shares of Cheniere Energy in the fourth quarter valued at about $46,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

Shares of NYSE LNG opened at $238.81 on Monday. The company has a market cap of $50.04 billion and a PE ratio of 39.28. Cheniere Energy, Inc. has a 12 month low of $186.20 and a 12 month high of $300.89. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.57 and a quick ratio of 0.48. The company has a 50-day simple moving average of $256.13 and a 200-day simple moving average of $230.30.

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

Cheniere Energy announced that its board has initiated 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 shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its shares are undervalued.

Cheniere Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Monday, May 11th were issued a dividend of $0.555 per share. The ex-dividend date was Monday, May 11th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.9%. Cheniere Energy’s payout ratio is 36.51%.

Insider Transactions at Cheniere Energy

In related news, CFO Zach Davis sold 29,000 shares of the firm’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 sale, the chief financial officer directly owned 87,146 shares of the company’s stock, valued at approximately $26,143,800. This trade represents a 24.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Sean N. Markowitz sold 22,246 shares of the firm’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 sale, the executive vice president directly owned 64,000 shares in the company, 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. Insiders own 0.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Jefferies Financial Group raised their price objective on shares of Cheniere Energy from $275.00 to $330.00 and gave the company a “buy” rating in a research note on Tuesday, April 7th. Bank of America raised their target price on shares of Cheniere Energy from $296.00 to $322.00 and gave the company a “buy” rating in a report on Friday, March 20th. Morgan Stanley dropped their target price on shares of Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating for the company in a report on Tuesday, April 21st. Scotiabank restated an “outperform” rating on shares of Cheniere Energy in a report on Wednesday, May 13th. Finally, Wolfe Research restated an “outperform” rating and set a $300.00 target price on shares of Cheniere Energy in a report on Tuesday, June 2nd. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price 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.