Inceptionr LLC Makes New Investment in Cheniere Energy, Inc. $LNG

Inceptionr LLC bought a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor bought 3,100 shares of the energy company’s stock, valued at approximately $728,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA grew its stake in Cheniere Energy by 0.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,687,388 shares of the energy company’s stock valued at $1,141,473,000 after acquiring an additional 26,843 shares during the period. Norges Bank acquired a new position in Cheniere Energy during the second quarter worth $957,425,000. Geode Capital Management LLC lifted its holdings in Cheniere Energy by 1.9% during the second quarter. Geode Capital Management LLC now owns 3,874,796 shares of the energy company’s stock valued at $940,578,000 after purchasing an additional 70,475 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in Cheniere Energy by 21.5% during the third quarter. Victory Capital Management Inc. now owns 2,025,609 shares of the energy company’s stock valued at $475,633,000 after purchasing an additional 359,123 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its position in shares of Cheniere Energy by 0.5% in the second quarter. Canada Pension Plan Investment Board now owns 1,845,285 shares of the energy company’s stock valued at $449,364,000 after purchasing an additional 8,740 shares during the period. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Down 1.8%

LNG opened at $250.68 on Tuesday. The firm has a market capitalization of $52.69 billion, a price-to-earnings ratio of 10.32 and a beta of 0.25. The company’s 50 day simple moving average is $214.46 and its two-hundred day simple moving average is $216.93. Cheniere Energy, Inc. has a 1-year low of $186.20 and a 1-year high of $259.24. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.94 and a quick ratio of 0.81.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Wednesday, February 25th. The energy company reported $10.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.90 by $6.78. Cheniere Energy had a return on equity of 32.04% and a net margin of 26.68%.The business had revenue of $5.45 billion during the quarter, compared to analyst estimates of $5.48 billion. During the same period in the prior year, the business earned $4.33 earnings per share. The business’s revenue was up 22.9% compared to the same quarter last year. Analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 6th were issued a $0.555 dividend. This represents a $2.22 annualized dividend and a yield of 0.9%. The ex-dividend date was Friday, February 6th. Cheniere Energy’s dividend payout ratio is presently 9.14%.

Cheniere Energy declared that its board has approved a stock repurchase program on Thursday, February 26th that authorizes the company to buyback $10.00 billion in outstanding shares. This buyback authorization authorizes the energy company to buy up to 21.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

LNG has been the subject of several research analyst reports. Wolfe Research set a $220.00 price target on shares of Cheniere Energy and gave the stock an “outperform” rating in a research report on Wednesday, January 14th. Scotiabank increased their target price on Cheniere Energy from $266.00 to $285.00 and gave the company a “sector outperform” rating in a report on Thursday, March 5th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $254.00 price target on shares of Cheniere Energy in a research note on Wednesday, December 17th. Weiss Ratings cut Cheniere Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 20th. Finally, Citigroup decreased their price objective on Cheniere Energy from $283.00 to $280.00 and set a “buy” rating on the stock in a report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $264.89.

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.