Generate Investment Management Ltd Trims Stake in Cheniere Energy, Inc. $LNG

Generate Investment Management Ltd lessened its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 27.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,000 shares of the energy company’s stock after selling 15,000 shares during the period. Generate Investment Management Ltd’s holdings in Cheniere Energy were worth $11,350,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of LNG. Strive Financial Group LLC bought a new stake in shares of Cheniere Energy during the 4th quarter worth approximately $25,000. Kohmann Bosshard Financial Services LLC bought a new position in Cheniere Energy in the 4th quarter valued at $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in Cheniere Energy in the third quarter worth $27,000. Accordant Advisory Group Inc purchased a new stake in Cheniere Energy in the fourth quarter worth $29,000. Finally, Sankala Group LLC bought a new stake in shares of Cheniere Energy during the fourth quarter worth $35,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Zach Davis sold 29,000 shares of the business’s stock in a transaction on Monday, March 30th. The stock was sold at an average price of $300.00, for a total transaction of $8,700,000.00. Following the transaction, the chief financial officer directly owned 87,146 shares in the company, valued at $26,143,800. The trade was a 24.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Sean N. Markowitz sold 22,246 shares of the business’s stock in a transaction on Thursday, March 26th. The stock was sold at an average price of $290.98, for a total value of $6,473,141.08. Following the transaction, the executive vice president owned 64,000 shares in the company, valued at approximately $18,622,720. This trade represents a 25.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. UBS Group set a $290.00 target price on shares of Cheniere Energy in a research note on Wednesday, May 13th. Wells Fargo & Company reduced their price target on shares of Cheniere Energy from $280.00 to $271.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. Sanford C. Bernstein started coverage on shares of Cheniere Energy in a report on Tuesday, June 16th. They set a “market perform” rating and a $283.00 price objective for the company. Benchmark reissued an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, May 26th. Finally, Bank of America upped their target price on shares of Cheniere Energy from $296.00 to $322.00 and gave the stock a “buy” rating in a research note on Friday, March 20th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Cheniere Energy currently has a consensus rating of “Moderate Buy” and an average price target of $297.71.

Cheniere Energy Stock Up 1.7%

NYSE:LNG opened at $230.83 on Tuesday. Cheniere Energy, Inc. has a fifty-two week low of $186.20 and a fifty-two week high of $300.89. The stock has a market capitalization of $48.37 billion and a P/E ratio of 37.97. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.48 and a current ratio of 0.57. The company’s 50-day simple moving average is $245.52 and its 200-day simple moving average is $232.37.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Wednesday, May 6th. The energy company reported ($16.65) EPS for the quarter, missing the consensus estimate of $4.25 by ($20.90). Cheniere Energy had a return on equity of 38.95% and a net margin of 7.23%.The firm had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.69 billion. During the same quarter last year, the firm earned $1.57 EPS. The company’s revenue was up 7.8% compared to the same quarter last year. On average, equities analysts anticipate that Cheniere Energy, Inc. will post 14.93 earnings per share for the current fiscal year.

Cheniere Energy announced that its Board of Directors has authorized a share buyback program on Thursday, February 26th that allows the company to buyback $10.00 billion in outstanding shares. This buyback authorization allows the energy company to reacquire up to 21.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Cheniere Energy Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Monday, May 11th were given a dividend of $0.555 per share. 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 1.0%. Cheniere Energy’s dividend payout ratio is presently 36.51%.

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.