J.W. Cole Advisors Inc. Purchases 2,724 Shares of Cheniere Energy, Inc. $LNG

J.W. Cole Advisors Inc. grew its position in Cheniere Energy, Inc. (NYSE:LNG) by 12.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,479 shares of the energy company’s stock after acquiring an additional 2,724 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Cheniere Energy were worth $4,758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in LNG. Kohmann Bosshard Financial Services LLC bought a new stake in Cheniere Energy in the 4th quarter worth approximately $26,000. Caitong International Asset Management Co. Ltd bought a new stake in Cheniere Energy in the 3rd quarter worth approximately $27,000. Accordant Advisory Group Inc bought a new stake in Cheniere Energy in the 4th quarter worth approximately $29,000. Eagle Bay Advisors LLC bought a new position in shares of Cheniere Energy during the 4th quarter valued at approximately $43,000. Finally, Westside Investment Management Inc. increased its position in shares of 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 purchasing an additional 90 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Zach Davis sold 29,000 shares of the business’s stock in a transaction 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 in the company, valued at $26,143,800. The trade was a 24.97% decrease in their position. The transaction 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 business’s stock in a transaction 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 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 position. The SEC filing for this sale provides additional information. 0.55% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LNG. TD Cowen boosted their target price on Cheniere Energy from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Monday, May 11th. UBS Group set a $290.00 target price on Cheniere Energy in a research report on Wednesday, May 13th. BMO Capital Markets boosted their target price on Cheniere Energy from $265.00 to $306.00 and gave the company an “outperform” rating in a research report on Monday, March 23rd. Barclays boosted their target price on Cheniere Energy from $259.00 to $271.00 and gave the company an “overweight” rating in a research report on Friday, February 27th. Finally, Bank of America boosted their target price on Cheniere Energy from $296.00 to $322.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Buy” and an average target price of $298.63.

Cheniere Energy Price Performance

LNG opened at $238.81 on Friday. The business has a fifty day moving average of $256.13 and a 200 day moving average of $230.19. Cheniere Energy, Inc. has a 52-week low of $186.20 and a 52-week 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 cap of $50.04 billion and a P/E ratio of 39.28.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Wednesday, May 6th. The energy company reported ($16.65) earnings per share (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 business had revenue of $5.87 billion for the quarter, compared to analysts’ expectations of $5.69 billion. During the same quarter in the previous year, the firm earned $1.57 EPS. Cheniere Energy’s revenue was up 7.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cheniere Energy, Inc. will post 14.75 EPS for the current year.

Cheniere Energy announced that its Board of Directors has authorized 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 stock through open market purchases. Stock repurchase programs are generally a sign that the company’s management believes its shares are undervalued.

Cheniere Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Investors 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 yield of 0.9%. Cheniere Energy’s payout ratio is presently 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.