Diversified Trust Co Has $2.37 Million Holdings in Cheniere Energy, Inc. $LNG

Diversified Trust Co increased its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 403.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,333 shares of the energy company’s stock after buying an additional 6,677 shares during the quarter. Diversified Trust Co’s holdings in Cheniere Energy were worth $2,365,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Nations Financial Group Inc. IA ADV bought a new position in shares of Cheniere Energy during the first quarter valued at $4,959,000. J. Derek Lewis & Associates Inc. bought a new stake in Cheniere Energy during the 4th quarter worth approximately $673,000. Rockefeller Capital Management L.P. grew its position in Cheniere Energy by 38.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 322,794 shares of the energy company’s stock worth $62,748,000 after acquiring an additional 90,392 shares during the last quarter. Bank of New Hampshire increased its holdings in Cheniere Energy by 400.0% during the 4th quarter. Bank of New Hampshire now owns 500 shares of the energy company’s stock valued at $97,000 after purchasing an additional 400 shares in the last quarter. Finally, World Investment Advisors increased its holdings in Cheniere Energy by 12.1% during the 4th quarter. World Investment Advisors now owns 2,240 shares of the energy company’s stock valued at $436,000 after purchasing an additional 242 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Trading Up 0.1%

Shares of LNG opened at $227.25 on Monday. The stock’s fifty day simple moving average is $246.21 and its 200-day simple moving average is $232.22. The firm has a market capitalization of $47.62 billion and a PE ratio of 37.38. Cheniere Energy, Inc. has a 12-month low of $186.20 and a 12-month high of $300.89. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 2.55.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Wednesday, May 6th. The energy company reported ($16.65) EPS for the quarter, missing analysts’ consensus estimates of $4.25 by ($20.90). The firm had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.69 billion. Cheniere Energy had a return on equity of 38.95% and a net margin of 7.23%.Cheniere Energy’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.57 earnings per share. As a group, research analysts predict that Cheniere Energy, Inc. will post 14.93 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Monday, May 11th were paid 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%.

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

Analysts Set New Price Targets

A number of equities analysts have commented on LNG shares. TD Cowen boosted their price objective on Cheniere Energy from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Sanford C. Bernstein assumed coverage on Cheniere Energy in a report on Tuesday, June 16th. They set a “market perform” rating and a $283.00 target price on the stock. Citigroup raised their target price on Cheniere Energy from $280.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. UBS Group set a $290.00 price target on Cheniere Energy in a report on Wednesday, May 13th. Finally, Royal Bank Of Canada upped their price target on shares of Cheniere Energy from $286.00 to $300.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 14th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $297.71.

Insider Activity at Cheniere Energy

In related news, 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 value of $6,473,141.08. Following the transaction, the executive vice president directly owned 64,000 shares in the company, valued at $18,622,720. This represents a 25.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Zach Davis sold 29,000 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer owned 87,146 shares in the company, valued at $26,143,800. This represents a 24.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.55% of the stock is owned by 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.