Cheniere Energy, Inc. $LNG Shares Bought by Fiera Capital Corp

by · The Cerbat Gem

Fiera Capital Corp raised its stake in Cheniere Energy, Inc. (NYSE:LNGFree Report) by 16.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 54,290 shares of the energy company’s stock after acquiring an additional 7,788 shares during the quarter. Fiera Capital Corp’s holdings in Cheniere Energy were worth $10,553,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Viking Fund Management LLC raised its holdings 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 worth $8,748,000 after acquiring an additional 18,000 shares during the last quarter. Trivium Point Advisory LLC lifted its stake in shares of Cheniere Energy by 38.8% during the 4th quarter. Trivium Point Advisory LLC now owns 56,930 shares of the energy company’s stock worth $11,067,000 after purchasing an additional 15,927 shares during the period. M&G PLC lifted its stake in shares of Cheniere Energy by 49.6% during the 3rd quarter. M&G PLC now owns 556,285 shares of the energy company’s stock worth $130,727,000 after purchasing an additional 184,520 shares during the period. Waverton Investment Management Ltd lifted its stake in shares of Cheniere Energy by 35.3% during the 3rd quarter. Waverton Investment Management Ltd now owns 196,819 shares of the energy company’s stock worth $46,244,000 after purchasing an additional 51,326 shares during the period. Finally, J. Safra Sarasin Holding AG lifted its stake in shares of Cheniere Energy by 227.7% during the 4th quarter. J. Safra Sarasin Holding AG now owns 15,505 shares of the energy company’s stock worth $3,014,000 after purchasing an additional 10,774 shares during the period. 87.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Jefferies Financial Group upped their target price on Cheniere Energy from $275.00 to $330.00 and gave the company a “buy” rating in a research note on Tuesday, April 7th. JPMorgan Chase & Co. upped their target price on Cheniere Energy from $325.00 to $327.00 and gave the company an “overweight” rating in a research note on Wednesday, June 3rd. Benchmark reiterated an “outperform” rating on shares of Cheniere Energy in a research note on Tuesday, May 26th. The Goldman Sachs Group upped their price target on Cheniere Energy from $276.00 to $312.00 and gave the stock a “buy” rating in a research note on Tuesday, March 24th. Finally, Scotiabank restated an “outperform” rating on shares of Cheniere Energy in a research note on Wednesday, May 13th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Cheniere Energy currently has a consensus rating of “Buy” and an average price target of $298.63.

Get Our Latest Report on Cheniere Energy

Insider Transactions at Cheniere Energy

In related news, EVP Sean N. Markowitz sold 22,246 shares of the 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 of the company’s stock, valued at approximately $18,622,720. This represents a 25.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Zach Davis sold 29,000 shares of the stock in a transaction dated Monday, March 30th. The shares were sold at an average price of $300.00, for a total value of $8,700,000.00. Following the completion of the transaction, the chief financial officer directly owned 87,146 shares of the company’s stock, valued at $26,143,800. This represents a 24.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.55% of the company’s stock.

Cheniere Energy Trading Down 0.9%

Shares of LNG opened at $236.61 on Tuesday. The company has a market capitalization of $49.58 billion and a P/E ratio of 38.92. Cheniere Energy, Inc. has a one year low of $186.20 and a one year 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 stock has a 50-day moving average price of $255.04 and a 200 day moving average price of $230.46.

Cheniere Energy (NYSE:LNGGet Free Report) last issued its quarterly earnings results 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 business had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.69 billion. Cheniere Energy had a net margin of 7.23% and a return on equity of 38.95%. The company’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.57 EPS. Sell-side analysts forecast that Cheniere Energy, Inc. will post 14.93 EPS for the current fiscal year.

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 issued a $0.555 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.22 dividend on an annualized basis and a yield of 0.9%. Cheniere Energy’s dividend payout ratio is currently 36.51%.

Cheniere Energy declared that its Board of Directors has approved a share 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 usually a sign that the company’s board believes its stock is undervalued.

Cheniere Energy Company Profile

(Free Report)

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.

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