Cynosure Group LLC Acquires 2,590 Shares of Cheniere Energy, Inc. $LNG

Cynosure Group LLC grew its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 150.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,311 shares of the energy company’s stock after purchasing an additional 2,590 shares during the period. Cynosure Group LLC’s holdings in Cheniere Energy were worth $838,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Ameriflex Group Inc. increased its holdings in Cheniere Energy by 7.3% during the 3rd quarter. Ameriflex Group Inc. now owns 688 shares of the energy company’s stock worth $162,000 after acquiring an additional 47 shares during the period. Quest Investment Management LLC increased its holdings in 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 acquiring an additional 50 shares during the period. Aviso Wealth Management increased its holdings in 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 acquiring an additional 50 shares during the period. Keel Point LLC increased its holdings in 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 acquiring an additional 55 shares during the period. Finally, Waterfront Wealth Inc. increased its holdings in Cheniere Energy by 3.9% during the 4th quarter. Waterfront Wealth Inc. now owns 1,486 shares of the energy company’s stock worth $311,000 after acquiring an additional 56 shares during the period. Institutional investors own 87.26% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on LNG shares. Scotiabank reaffirmed an “outperform” rating on shares of Cheniere Energy in a report on Wednesday, May 13th. Barclays upped their target price on shares of Cheniere Energy from $259.00 to $271.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. UBS Group set a $290.00 target price on shares of Cheniere Energy in a report on Wednesday, May 13th. Zacks Research cut shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 10th. Finally, Wolfe Research reissued an “outperform” rating and issued a $300.00 price target on shares of Cheniere Energy in a research note on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $298.63.

Cheniere Energy Price Performance

LNG stock opened at $234.89 on Tuesday. 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, Inc. has a one year low of $186.20 and a one year high of $300.89. The stock has a market cap of $49.22 billion and a PE ratio of 38.63. The firm has a 50 day simple moving average of $250.36 and a two-hundred day simple moving average of $231.61.

Cheniere Energy (NYSE:LNG) last announced 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 during the quarter, compared to analysts’ expectations of $5.69 billion. During the same period last year, the company posted $1.57 EPS. Cheniere Energy’s revenue for the quarter was up 7.8% on a year-over-year basis. On average, analysts predict that Cheniere Energy, Inc. will post 14.93 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Monday, May 11th were paid a $0.555 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.9%. Cheniere Energy’s dividend payout ratio is 36.51%.

Cheniere Energy announced that its Board of Directors has authorized a stock buyback plan on Thursday, February 26th that permits the company to buyback $10.00 billion in shares. This buyback authorization permits the energy company to buy up to 21.1% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, EVP Sean N. Markowitz sold 22,246 shares of the company’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 completion of the sale, the executive vice president owned 64,000 shares of the company’s stock, valued at approximately $18,622,720. This represents a 25.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Zach Davis sold 29,000 shares of the company’s stock in a transaction on Monday, March 30th. The shares were sold at an average price of $300.00, for a total transaction of $8,700,000.00. Following the completion of the sale, the chief financial officer directly owned 87,146 shares of the company’s stock, valued at $26,143,800. This trade represents 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 corporate insiders.

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.