ABN Amro Investment Solutions Invests $2.41 Million in Cheniere Energy, Inc. $LNG

ABN Amro Investment Solutions purchased a new stake in Cheniere Energy, Inc. (NYSE:LNG) in the fourth quarter, HoldingsChannel reports. The firm purchased 12,378 shares of the energy company’s stock, valued at approximately $2,406,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Viking Fund Management LLC grew its position in shares of Cheniere Energy by 66.7% in the fourth quarter. Viking Fund Management LLC now owns 45,000 shares of the energy company’s stock valued at $8,748,000 after purchasing an additional 18,000 shares during the last quarter. Trivium Point Advisory LLC boosted its stake in Cheniere Energy by 38.8% in the 4th quarter. Trivium Point Advisory LLC now owns 56,930 shares of the energy company’s stock valued at $11,067,000 after purchasing an additional 15,927 shares during the period. M&G PLC grew its holdings in Cheniere Energy by 49.6% in the 3rd quarter. M&G PLC now owns 556,285 shares of the energy company’s stock valued at $130,727,000 after buying an additional 184,520 shares in the last quarter. Waverton Investment Management Ltd grew its holdings in Cheniere Energy by 35.3% in the 3rd quarter. Waverton Investment Management Ltd now owns 196,819 shares of the energy company’s stock valued at $46,244,000 after buying an additional 51,326 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its position in Cheniere Energy by 12.6% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,460,762 shares of the energy company’s stock worth $343,250,000 after buying an additional 163,861 shares during the period. Institutional investors own 87.26% of the company’s stock.

Insider Activity at Cheniere Energy

In other Cheniere Energy news, CFO Zach Davis sold 29,000 shares of Cheniere Energy stock in a transaction that occurred on Monday, March 30th. The stock was 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 in the company, valued at approximately $26,143,800. The trade was a 24.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Sean N. Markowitz sold 22,246 shares of the stock in a transaction that occurred 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 $18,622,720. The trade was a 25.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.55% of the company’s stock.

Cheniere Energy Stock Up 0.1%

Cheniere Energy stock opened at $240.59 on Friday. The firm has a market cap of $50.42 billion, a price-to-earnings ratio of 39.57 and a beta of 0.07. Cheniere Energy, Inc. has a 52-week low of $186.20 and a 52-week high of $300.89. 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 firm has a 50 day moving average price of $263.41 and a two-hundred day moving average price of $228.55.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Wednesday, May 6th. The energy company reported ($16.65) earnings per share for the quarter, missing analysts’ consensus estimates of $4.25 by ($20.90). The firm had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.69 billion. Cheniere Energy had a return on equity of 38.95% and a net margin of 7.23%.Cheniere Energy’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.57 EPS. Equities analysts predict that Cheniere Energy, Inc. will post 15.2 EPS for the current year.

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

Cheniere Energy Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, May 11th. Cheniere Energy’s payout ratio is currently 36.51%.

Wall Street Analyst Weigh In

LNG has been the topic of several research reports. Weiss Ratings downgraded shares of Cheniere Energy from a “buy (b)” rating to a “hold (c)” rating in a research note on Monday, May 11th. UBS Group set a $290.00 target price on shares of Cheniere Energy in a research report on Wednesday, May 13th. Bank of America lifted their price target on shares of Cheniere Energy from $296.00 to $322.00 and gave the company a “buy” rating in a research report on Friday, March 20th. TD Cowen raised 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. Finally, Zacks Research raised Cheniere Energy from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $293.50.

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.