Prudential PLC grew its stake in Cheniere Energy, Inc. (NYSE:LNG – Free Report) by 2,313.7% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 98,285 shares of the energy company’s stock after buying an additional 94,213 shares during the quarter. Prudential PLC’s holdings in Cheniere Energy were worth $19,106,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Viking Fund Management LLC lifted its position in shares of Cheniere Energy by 66.7% in the fourth quarter. Viking Fund Management LLC now owns 45,000 shares of the energy company’s stock worth $8,748,000 after buying an additional 18,000 shares during the last quarter. Trivium Point Advisory LLC lifted its position in shares of Cheniere Energy by 38.8% in the fourth quarter. Trivium Point Advisory LLC now owns 56,930 shares of the energy company’s stock worth $11,067,000 after buying an additional 15,927 shares during the last quarter. M&G PLC lifted its position in shares of Cheniere Energy by 49.6% in the third quarter. M&G PLC now owns 556,285 shares of the energy company’s stock worth $130,727,000 after buying an additional 184,520 shares during the last quarter. Waverton Investment Management Ltd lifted its position in shares of Cheniere Energy by 35.3% in the third quarter. Waverton Investment Management Ltd now owns 196,819 shares of the energy company’s stock worth $46,244,000 after buying an additional 51,326 shares during the last quarter. Finally, J. Safra Sarasin Holding AG lifted its position in shares of Cheniere Energy by 227.7% in the fourth quarter. J. Safra Sarasin Holding AG now owns 15,505 shares of the energy company’s stock worth $3,014,000 after buying an additional 10,774 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.
Insider Activity
In related 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 transaction, the executive vice president directly owned 64,000 shares in the company, valued at $18,622,720. The trade was a 25.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Zach Davis sold 29,000 shares of the company’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 completion of the sale, the chief financial officer owned 87,146 shares in the company, valued at approximately $26,143,800. This represents a 24.97% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.55% of the company’s stock.
Analyst Upgrades and Downgrades
Check Out Our Latest Analysis on LNG
Cheniere Energy News Summary
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
Cheniere Energy Price Performance
NYSE LNG opened at $240.65 on Friday. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $300.89. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.48 and a current ratio of 0.57. The stock has a market capitalization of $50.43 billion and a PE ratio of 39.58. The stock has a 50-day simple moving average of $257.05 and a 200 day simple moving average of $230.13.
Cheniere Energy (NYSE:LNG – Get Free Report) last posted 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 for the quarter, compared to analyst estimates of $5.69 billion. During the same period in the prior year, the firm posted $1.57 EPS. Cheniere Energy’s revenue for the quarter was up 7.8% on a year-over-year basis. Research analysts anticipate that Cheniere Energy, Inc. will post 14.64 EPS for the current year.
Cheniere Energy announced that its board has authorized a stock repurchase plan on Thursday, February 26th that authorizes the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization authorizes the energy company to purchase up to 21.1% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its stock is undervalued.
Cheniere Energy Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Monday, May 11th were paid a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a yield of 0.9%. The ex-dividend date was Monday, May 11th. Cheniere Energy’s payout ratio is currently 36.51%.
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.
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