MGO One Seven LLC Reduces Stock Holdings in Cheniere Energy, Inc. $LNG

MGO One Seven LLC reduced its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 34.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,033 shares of the energy company’s stock after selling 2,112 shares during the quarter. MGO One Seven LLC’s holdings in Cheniere Energy were worth $784,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. AustralianSuper Pty Ltd acquired a new stake in Cheniere Energy during the 3rd quarter valued at approximately $142,688,000. Vanguard Group Inc. grew its stake in Cheniere Energy by 2.0% during the 4th quarter. Vanguard Group Inc. now owns 21,219,557 shares of the energy company’s stock valued at $4,124,870,000 after purchasing an additional 414,022 shares in the last quarter. State Street Corp grew its stake in Cheniere Energy by 6.7% during the 3rd quarter. State Street Corp now owns 6,007,073 shares of the energy company’s stock valued at $1,411,542,000 after purchasing an additional 377,369 shares in the last quarter. Victory Capital Management Inc. grew its stake in Cheniere Energy by 21.5% during the 3rd 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, Two Sigma Investments LP grew its stake in Cheniere Energy by 53.7% during the 3rd quarter. Two Sigma Investments LP now owns 816,028 shares of the energy company’s stock valued at $191,750,000 after purchasing an additional 285,062 shares in the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Trading Up 1.5%

NYSE:LNG opened at $244.22 on Wednesday. Cheniere Energy, Inc. has a 12-month low of $186.20 and a 12-month high of $300.89. The firm has a market capitalization of $51.18 billion, a P/E ratio of 40.17 and a beta of 0.07. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.57 and a quick ratio of 0.81. The business has a 50 day simple moving average of $264.47 and a 200 day simple moving average of $227.12.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Thursday, May 7th. 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 company had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.69 billion. During the same quarter in the prior year, the firm earned $1.57 EPS. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. Equities research analysts predict that Cheniere Energy, Inc. will post 14.91 EPS for the current year.

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 19th. Investors of record on Monday, May 11th will be given a dividend of $0.555 per share. The ex-dividend date is 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 currently 36.51%.

Cheniere Energy announced that its Board of Directors has authorized a stock repurchase plan on Thursday, February 26th that allows the company to buyback $10.00 billion in outstanding shares. This buyback authorization allows 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 board of directors believes its shares are undervalued.

Analyst Ratings Changes

A number of brokerages have weighed in on LNG. Morgan Stanley lowered their price objective on Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating for the company in a research note on Tuesday, April 21st. Royal Bank Of Canada raised their price objective on Cheniere Energy from $286.00 to $300.00 and gave the company an “outperform” rating in a research note on Tuesday, April 14th. JPMorgan Chase & Co. lowered their price objective on Cheniere Energy from $338.00 to $325.00 and set an “overweight” rating for the company in a research note on Tuesday, April 14th. The Goldman Sachs Group raised their price objective on Cheniere Energy from $276.00 to $312.00 and gave the company a “buy” rating in a research note on Tuesday, March 24th. Finally, Wells Fargo & Company decreased their target price on Cheniere Energy from $280.00 to $271.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $296.50.

Insider Buying and Selling

In related news, EVP Sean N. Markowitz sold 22,246 shares of the business’s stock in a transaction that occurred on Thursday, March 26th. The stock was sold at an average price of $290.98, for a total transaction of $6,473,141.08. Following the completion of the transaction, the executive vice president owned 64,000 shares in the company, valued at $18,622,720. The trade was a 25.79% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Zach Davis sold 29,000 shares of the business’s stock in a transaction that occurred on Monday, March 30th. The shares were sold at an average price of $300.00, for a total value of $8,700,000.00. Following the transaction, the chief financial officer owned 87,146 shares of the company’s stock, valued at $26,143,800. This represents a 24.97% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.55% of the company’s stock.

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.