Fifth Third Wealth Advisors LLC Takes $607,000 Position in Cheniere Energy, Inc. $LNG

Fifth Third Wealth Advisors LLC purchased a new stake in Cheniere Energy, Inc. (NYSE:LNG) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,138 shares of the energy company’s stock, valued at approximately $607,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new position in shares of Cheniere Energy during the 4th quarter worth $731,774,000. Marshall Wace LLP increased its stake in shares of Cheniere Energy by 555.0% during the fourth quarter. Marshall Wace LLP now owns 810,138 shares of the energy company’s stock valued at $157,483,000 after buying an additional 686,459 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of Cheniere Energy by 518.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 577,533 shares of the energy company’s stock valued at $112,267,000 after acquiring an additional 484,198 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Cheniere Energy by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 21,219,557 shares of the energy company’s stock valued at $4,124,870,000 after acquiring an additional 414,022 shares in the last quarter. Finally, Voloridge Investment Management LLC lifted its stake in Cheniere Energy by 3,902.4% in the fourth quarter. Voloridge Investment Management LLC now owns 389,676 shares of the energy company’s stock worth $75,749,000 after acquiring an additional 379,940 shares during the period. Institutional investors own 87.26% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on LNG. Wolfe Research reiterated an “outperform” rating and set a $300.00 target price on shares of Cheniere Energy in a report on Tuesday, June 2nd. Sanford C. Bernstein assumed coverage on shares of Cheniere Energy in a report on Tuesday, June 16th. They issued a “market perform” rating and a $283.00 price target for the company. Wells Fargo & Company lowered their price target on shares of Cheniere Energy from $280.00 to $271.00 and set an “overweight” rating for the company in a research report on Friday, March 13th. UBS Group set a $290.00 price objective on shares of Cheniere Energy in a research note on Wednesday, May 13th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Cheniere Energy from $325.00 to $327.00 and gave the company an “overweight” rating in a report on Wednesday, June 3rd. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $297.71.

Cheniere Energy Price Performance

LNG opened at $241.71 on Friday. The firm has a market capitalization of $50.65 billion and a PE ratio of 39.75. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.57 and a quick ratio of 0.48. The business’s 50-day moving average is $243.54 and its two-hundred day moving average is $232.99. Cheniere Energy, Inc. has a 1 year low of $186.20 and a 1 year high of $300.89.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results 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 net margin of 7.23% and a return on equity of 38.95%. The firm had revenue of $5.87 billion for the quarter, compared to analysts’ expectations of $5.69 billion. During the same period in the previous year, the company posted $1.57 earnings per share. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. Research analysts anticipate that Cheniere Energy, Inc. will post 14.93 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Monday, May 11th were paid a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Monday, May 11th. Cheniere Energy’s payout ratio is 36.51%.

Insider Buying and Selling

In related news, 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 sale, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.55% of the stock is owned by insiders.

Cheniere Energy 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.