Corigliano Investment Advisers LLC Makes New $15.12 Million Investment in Cheniere Energy, Inc. $LNG

Corigliano Investment Advisers LLC purchased a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 77,800 shares of the energy company’s stock, valued at approximately $15,124,000. Cheniere Energy comprises about 5.4% of Corigliano Investment Advisers LLC’s investment portfolio, making the stock its 5th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Cheniere Energy in the fourth quarter worth about $26,000. Caitong International Asset Management Co. Ltd purchased a new position in shares of Cheniere Energy during the 3rd quarter worth $27,000. Accordant Advisory Group Inc acquired a new stake in Cheniere Energy in the 4th quarter valued at approximately $29,000. Aster Capital Management DIFC Ltd purchased a new stake in Cheniere Energy during the fourth quarter worth about $39,000. Finally, Eagle Bay Advisors LLC purchased a new position in Cheniere Energy in the 4th quarter valued at approximately $43,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Price Performance

Cheniere Energy stock opened at $231.67 on Thursday. Cheniere Energy, Inc. has a 12-month low of $186.20 and a 12-month high of $300.89. The firm’s 50-day moving average is $248.29 and its two-hundred day moving average is $231.97. The stock has a market capitalization of $48.55 billion and a P/E ratio of 38.10. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.57 and a quick ratio of 0.48.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results 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 net margin of 7.23% and a return on equity of 38.95%. The business had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.69 billion. During the same quarter last year, the firm posted $1.57 earnings per share. The company’s revenue was up 7.8% on a year-over-year basis. Equities analysts predict that Cheniere Energy, Inc. will post 14.93 earnings per share for the current year.

Cheniere Energy announced that its board has initiated 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 repurchase up to 21.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

Cheniere Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Monday, May 11th were given a $0.555 dividend. This represents a $2.22 annualized dividend 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 36.51%.

Insider Transactions at Cheniere Energy

In other Cheniere Energy 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Sean N. Markowitz sold 22,246 shares of the stock in a transaction that occurred on Thursday, March 26th. The shares were sold at an average price of $290.98, for a total transaction of $6,473,141.08. Following the completion of the sale, the executive vice president directly owned 64,000 shares of the company’s stock, valued at $18,622,720. This trade represents a 25.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LNG. UBS Group set a $290.00 price objective on Cheniere Energy in a research report on Wednesday, May 13th. Wells Fargo & Company cut 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. BMO Capital Markets increased their target price on shares of Cheniere Energy from $265.00 to $306.00 and gave the stock an “outperform” rating in a research note on Monday, March 23rd. Bank of America lifted their price objective on shares of Cheniere Energy from $296.00 to $322.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Finally, Jefferies Financial Group boosted their target price on Cheniere Energy from $275.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday, April 7th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $297.71.

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.