Fideuram Intesa Sanpaolo Private Banking S.P.A. Invests $3.43 Million in Cheniere Energy, Inc. $LNG

Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in Cheniere Energy, Inc. (NYSE:LNG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 17,656 shares of the energy company’s stock, valued at approximately $3,432,000.

Several other large investors also recently added to or reduced their stakes in LNG. Kohmann Bosshard Financial Services LLC purchased a new stake in Cheniere Energy in the 4th quarter worth about $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in Cheniere Energy in the 3rd quarter worth about $27,000. Accordant Advisory Group Inc purchased a new stake in Cheniere Energy in the 4th quarter worth about $29,000. Hazlett Burt & Watson Inc. increased its holdings in Cheniere Energy by 250.0% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 140 shares of the energy company’s stock worth $32,000 after acquiring an additional 100 shares during the last quarter. Finally, Rakuten Investment Management Inc. purchased a new stake in Cheniere Energy in the 3rd quarter worth about $38,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

LNG has been the topic of several analyst reports. Scotiabank reiterated an “outperform” rating on shares of Cheniere Energy in a research report on Wednesday, May 13th. Jefferies Financial Group upped their price target on Cheniere Energy from $275.00 to $330.00 and gave the company a “buy” rating in a research report on Tuesday, April 7th. Zacks Research upgraded Cheniere Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Wells Fargo & Company decreased their price target on Cheniere Energy from $280.00 to $271.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. Finally, BMO Capital Markets upped their price target on Cheniere Energy from $265.00 to $306.00 and gave the company an “outperform” rating in a research report on Monday, March 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Cheniere Energy has a consensus rating of “Buy” and a consensus target price of $293.50.

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 owned 64,000 shares of the company’s stock, valued at approximately $18,622,720. The trade was a 25.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 directly owned 87,146 shares of the company’s stock, valued at $26,143,800. The trade was a 24.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.55% of the stock is currently owned by insiders.

Cheniere Energy Stock Down 1.2%

Shares of NYSE LNG opened at $243.71 on Thursday. Cheniere Energy, Inc. has a 12 month low of $186.20 and a 12 month high of $300.89. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 2.55. The firm has a market capitalization of $51.07 billion, a price-to-earnings ratio of 40.08 and a beta of 0.07. The business has a 50-day moving average of $263.70 and a 200-day moving average of $228.26.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Wednesday, May 6th. The energy company reported ($16.65) EPS 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 for the quarter, compared to analysts’ expectations of $5.69 billion. During the same period in the previous year, the firm posted $1.57 EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. Sell-side analysts expect that Cheniere Energy, Inc. will post 15.2 earnings per share for the current fiscal 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 issued a dividend of $0.555 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.22 annualized dividend and a dividend yield of 0.9%. Cheniere Energy’s payout ratio is presently 36.51%.

Cheniere Energy declared that its Board of Directors has approved a share repurchase plan on Thursday, February 26th that allows the company to buyback $10.00 billion in outstanding shares. This buyback authorization allows the energy company to purchase up to 21.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors 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.