3,389 Shares in Cheniere Energy, Inc. $LNG Acquired by Friedenthal Financial

Friedenthal Financial acquired a new stake in Cheniere Energy, Inc. (NYSE:LNG) during the first quarter, Holdings Channel.com reports. The fund acquired 3,389 shares of the energy company’s stock, valued at approximately $962,000.

Several other institutional investors have also added to or reduced their stakes in the company. Signal Advisors Wealth LLC boosted its holdings in shares of Cheniere Energy by 2.9% in the 1st quarter. Signal Advisors Wealth LLC now owns 1,497 shares of the energy company’s stock valued at $425,000 after purchasing an additional 42 shares in the last quarter. Ameriflex Group Inc. increased its stake in shares of Cheniere Energy by 7.3% in the 3rd quarter. Ameriflex Group Inc. now owns 688 shares of the energy company’s stock valued at $162,000 after purchasing an additional 47 shares during the last quarter. Quest Investment Management LLC raised its holdings in shares of Cheniere Energy by 6.1% during the 3rd quarter. Quest Investment Management LLC now owns 875 shares of the energy company’s stock worth $206,000 after buying an additional 50 shares in the last quarter. Aviso Wealth Management raised its holdings in shares of Cheniere Energy by 2.1% during the 4th quarter. Aviso Wealth Management now owns 2,489 shares of the energy company’s stock worth $484,000 after buying an additional 50 shares in the last quarter. Finally, Keel Point LLC raised its holdings in shares of Cheniere Energy by 5.2% during the 3rd quarter. Keel Point LLC now owns 1,111 shares of the energy company’s stock worth $261,000 after buying an additional 55 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cheniere Energy

In other news, 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 transaction of $8,700,000.00. Following the sale, the chief financial officer directly owned 87,146 shares in the company, valued at approximately $26,143,800. The trade was a 24.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.55% of the company’s stock.

Cheniere Energy Trading Down 1.2%

NYSE LNG opened at $231.31 on Thursday. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 2.55. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $300.89. The company has a market cap of $48.47 billion and a price-to-earnings ratio of 38.04. The business’s fifty day moving average is $244.32 and its 200 day moving average is $232.72.

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 analysts’ consensus estimates of $4.25 by ($20.90). Cheniere Energy had a return on equity of 38.95% and a net margin of 7.23%.The firm had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.69 billion. During the same quarter in the prior year, the firm earned $1.57 EPS. The company’s revenue was up 7.8% on a year-over-year basis. As a group, sell-side analysts expect that Cheniere Energy, Inc. will post 14.93 EPS for the current fiscal year.

Cheniere Energy announced that its board has approved a stock repurchase program 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 programs are often an indication that the company’s board of directors believes its shares are undervalued.

Cheniere Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Monday, May 11th were paid a dividend of $0.555 per share. This represents a $2.22 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Monday, May 11th. Cheniere Energy’s dividend payout ratio (DPR) is presently 36.51%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Morgan Stanley reduced their price objective on Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 21st. BMO Capital Markets boosted their target price on Cheniere Energy from $265.00 to $306.00 and gave the stock an “outperform” rating in a research note on Monday, March 23rd. Benchmark reissued an “outperform” rating on shares of Cheniere Energy in a report on Tuesday, May 26th. Wells Fargo & Company reduced their price target on shares of Cheniere Energy from $280.00 to $271.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. Finally, The Goldman Sachs Group lifted their price target on shares of Cheniere Energy from $276.00 to $312.00 and gave the company a “buy” rating in a report on Tuesday, March 24th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $297.71.

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.