Opal Capital LLC Takes Position in Cheniere Energy, Inc. $LNG

Opal Capital LLC purchased a new position in Cheniere Energy, Inc. (NYSE:LNG) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,749 shares of the energy company’s stock, valued at approximately $593,000.

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

Wall Street Analyst Weigh In

Several analysts have recently issued reports on LNG shares. JPMorgan Chase & Co. lifted their target price on shares of Cheniere Energy from $325.00 to $327.00 and gave the company an “overweight” rating in a research report on Wednesday, June 3rd. Jefferies Financial Group upped their price target on shares of Cheniere Energy from $275.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday, April 7th. Royal Bank Of Canada lifted their price objective on Cheniere Energy from $286.00 to $300.00 and gave the stock an “outperform” rating in a report on Tuesday, April 14th. Wells Fargo & Company cut their price objective on Cheniere Energy from $280.00 to $271.00 and set an “overweight” rating for the company in a research note on Friday, March 13th. Finally, BMO Capital Markets increased their target price on Cheniere Energy from $265.00 to $306.00 and gave the company an “outperform” rating in a report on Monday, March 23rd. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $297.71.

Cheniere Energy Stock Down 1.9%

LNG stock opened at $230.67 on Wednesday. Cheniere Energy, Inc. has a one year low of $186.20 and a one year high of $300.89. The firm has a market cap of $48.34 billion and a PE ratio of 37.94. The firm’s 50 day moving average price is $249.34 and its 200-day moving average price is $231.79. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.48 and a current ratio of 0.57.

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 the consensus estimate of $4.25 by ($20.90). The business had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.69 billion. Cheniere Energy had a return on equity of 38.95% and a net margin of 7.23%.The company’s revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.57 earnings per share. On average, equities research analysts anticipate that Cheniere Energy, Inc. will post 14.93 EPS for the current year.

Cheniere Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Monday, May 11th were paid a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a 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%.

Cheniere Energy declared that its board has authorized a stock repurchase plan on Thursday, February 26th that permits the company to repurchase $10.00 billion in shares. This repurchase authorization permits the energy company to repurchase up to 21.1% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Insider Transactions at Cheniere Energy

In other news, EVP Sean N. Markowitz sold 22,246 shares of the firm’s stock in a transaction 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 directly owned 64,000 shares in the company, valued at $18,622,720. This trade represents a 25.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Zach Davis sold 29,000 shares of Cheniere Energy stock in a transaction 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 completion of the sale, the chief financial officer directly owned 87,146 shares of the company’s stock, valued at $26,143,800. The trade was a 24.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.55% of the stock is owned by company insiders.

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.