Continuum Advisory LLC Buys 2,354 Shares of Cheniere Energy, Inc. $LNG

Continuum Advisory LLC raised its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 16.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 16,727 shares of the energy company’s stock after purchasing an additional 2,354 shares during the quarter. Continuum Advisory LLC’s holdings in Cheniere Energy were worth $3,252,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Caitong International Asset Management Co. Ltd bought a new position in Cheniere Energy during the 3rd quarter valued at about $27,000. Kohmann Bosshard Financial Services LLC bought a new position in Cheniere Energy during the 4th quarter valued at about $26,000. Accordant Advisory Group Inc bought a new position in Cheniere Energy during the 4th quarter valued at about $29,000. Westside Investment Management Inc. lifted its stake in Cheniere Energy by 82.6% during the 3rd quarter. Westside Investment Management Inc. now owns 199 shares of the energy company’s stock valued at $46,000 after acquiring an additional 90 shares during the period. Finally, Eagle Bay Advisors LLC bought a new position in Cheniere Energy during the 4th quarter valued at about $43,000. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy News Roundup

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

Wall Street Analyst Weigh In

Several research firms have issued reports on LNG. Jefferies Financial Group upped their target price 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. Zacks Research upgraded shares of Cheniere Energy from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Bank of America upped their target price on shares of Cheniere Energy from $296.00 to $322.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Royal Bank Of Canada upped their target price on shares of Cheniere Energy from $286.00 to $300.00 and gave the company an “outperform” rating in a research note on Tuesday, April 14th. Finally, Scotiabank reiterated an “outperform” rating on shares of Cheniere Energy in a research note on Wednesday, May 13th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $298.63.

Insider Activity at Cheniere Energy

In other news, CFO Zach Davis sold 29,000 shares of the 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 transaction, the chief financial officer owned 87,146 shares in the company, valued at $26,143,800. This represents a 24.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Sean N. Markowitz sold 22,246 shares of the 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 transaction, the executive vice president owned 64,000 shares in the company, valued at $18,622,720. This trade represents a 25.79% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.55% of the stock is owned by corporate insiders.

Cheniere Energy Price Performance

Shares of NYSE:LNG opened at $240.65 on Friday. The firm’s 50 day moving average price is $257.05 and its 200-day moving average price is $230.13. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $300.89. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 2.55. The stock has a market capitalization of $50.43 billion and a PE ratio of 39.58.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data 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 business had revenue of $5.87 billion during the quarter, compared to the consensus estimate of $5.69 billion. During the same quarter last year, the company earned $1.57 EPS. Cheniere Energy’s revenue for the quarter was up 7.8% on a year-over-year basis. Equities research analysts expect that Cheniere Energy, Inc. will post 14.64 EPS for the current year.

Cheniere Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Monday, May 11th were paid 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 36.51%.

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

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.