Entropy Technologies LP Invests $3.85 Million in Cheniere Energy, Inc. $LNG

Entropy Technologies LP purchased a new position in Cheniere Energy, Inc. (NYSE:LNG) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 19,792 shares of the energy company’s stock, valued at approximately $3,847,000.

A number of other institutional investors also recently made changes to their positions in LNG. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Cheniere Energy in the fourth quarter worth $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in Cheniere Energy during the third quarter valued at about $27,000. Accordant Advisory Group Inc purchased a new stake in Cheniere Energy during the fourth quarter valued at about $29,000. Eagle Bay Advisors LLC purchased a new stake in Cheniere Energy during the fourth quarter valued at about $43,000. Finally, Lodestone Wealth Management LLC purchased a new stake in Cheniere Energy during the fourth quarter valued at about $46,000. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Trading Down 0.2%

Shares of LNG opened at $240.85 on Monday. The stock’s 50-day moving average is $251.29 and its two-hundred day moving average is $231.40. The stock has a market cap of $50.47 billion and a PE ratio of 39.61. Cheniere Energy, Inc. has a 12 month low of $186.20 and a 12 month high of $300.89. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.57 and a quick ratio of 0.48.

Cheniere Energy (NYSE:LNG) last issued 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 company had revenue of $5.87 billion for 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%.The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.57 EPS. Equities analysts forecast that Cheniere Energy, Inc. will post 14.93 earnings per share for the current fiscal year.

Cheniere Energy declared that its board has approved a stock buyback program on Thursday, February 26th that allows the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization allows the energy company to reacquire up to 21.1% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Cheniere Energy Announces Dividend

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

Insider Activity

In related news, CFO Zach Davis sold 29,000 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Sean N. Markowitz sold 22,246 shares of the business’s stock in a transaction dated 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 completion of 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 position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.55% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Royal Bank Of Canada boosted their price target on Cheniere Energy from $286.00 to $300.00 and gave the company an “outperform” rating in a research report on Tuesday, April 14th. Zacks Research downgraded Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 10th. BMO Capital Markets boosted their price target on Cheniere Energy from $265.00 to $306.00 and gave the company an “outperform” rating in a research report on Monday, March 23rd. Wells Fargo & Company reduced their price objective on Cheniere Energy from $280.00 to $271.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. Finally, Morgan Stanley reduced their price objective on Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $298.63.

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.