2,960 Shares in Cheniere Energy, Inc. $LNG Purchased by Fideuram Asset Management Ireland dac

Fideuram Asset Management Ireland dac purchased a new position in Cheniere Energy, Inc. (NYSE:LNG) in the fourth quarter, Holdings Channel reports. The fund purchased 2,960 shares of the energy company’s stock, valued at approximately $575,000.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. raised its holdings in Cheniere Energy by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 21,219,557 shares of the energy company’s stock worth $4,124,870,000 after purchasing an additional 414,022 shares during the period. State Street Corp raised its holdings in Cheniere Energy by 6.7% in the 3rd quarter. State Street Corp now owns 6,007,073 shares of the energy company’s stock worth $1,411,542,000 after purchasing an additional 377,369 shares during the period. Victory Capital Management Inc. raised its holdings in Cheniere Energy by 21.5% in the 3rd quarter. Victory Capital Management Inc. now owns 2,025,609 shares of the energy company’s stock worth $475,633,000 after purchasing an additional 359,123 shares during the period. Northern Trust Corp raised its holdings in Cheniere Energy by 5.6% in the 3rd quarter. Northern Trust Corp now owns 1,786,636 shares of the energy company’s stock worth $419,824,000 after purchasing an additional 95,545 shares during the period. Finally, American Century Companies Inc. raised its holdings in Cheniere Energy by 2.8% in the 3rd quarter. American Century Companies Inc. now owns 1,776,978 shares of the energy company’s stock worth $417,554,000 after purchasing an additional 47,619 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on LNG shares. Barclays upped their price target on Cheniere Energy from $259.00 to $271.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Morgan Stanley reduced their price target on Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating for the company in a report on Tuesday, April 21st. Bank of America upped their price target on Cheniere Energy from $296.00 to $322.00 and gave the stock a “buy” rating in a report on Friday, March 20th. Jefferies Financial Group upped their price target on Cheniere Energy from $275.00 to $330.00 and gave the stock a “buy” rating in a report on Tuesday, April 7th. Finally, TD Cowen increased their target price on Cheniere Energy from $265.00 to $270.00 and gave the company a “buy” rating in a report on Monday, May 11th. 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.com, Cheniere Energy has an average rating of “Buy” and a consensus target price of $293.50.

Cheniere Energy Price Performance

Shares of Cheniere Energy stock opened at $224.42 on Friday. The business has a 50 day simple moving average of $261.11 and a two-hundred day simple moving average of $229.40. Cheniere Energy, Inc. has a 12 month low of $186.20 and a 12 month high of $300.89. The stock has a market capitalization of $47.03 billion, a P/E ratio of 36.91 and a beta of 0.07. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.57 and a quick ratio of 0.48.

Cheniere Energy (NYSE:LNG) last announced its 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). Cheniere Energy had a net margin of 7.23% and a return on equity of 38.95%. The firm had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.69 billion. During the same period in the previous year, the company earned $1.57 EPS. Cheniere Energy’s revenue was up 7.8% compared to the same quarter last year. As a group, analysts predict that Cheniere Energy, Inc. will post 15.2 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

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. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.0%. Cheniere Energy’s dividend payout ratio is presently 36.51%.

Cheniere Energy declared that its board has authorized a share buyback program on Thursday, February 26th that authorizes the company to buyback $10.00 billion in outstanding shares. This buyback authorization authorizes the energy company to reacquire up to 21.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

Insider Buying and Selling

In other Cheniere Energy news, CFO Zach Davis sold 29,000 shares of the stock in a transaction that occurred on Monday, March 30th. The stock was sold at an average price of $300.00, for a total transaction 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. This represents a 24.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Sean N. Markowitz sold 22,246 shares of the company’s stock in a transaction that occurred on Thursday, March 26th. The shares were 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 trade represents a 25.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.55% of the stock is owned by corporate insiders.

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.