Bridgefront Capital LLC Trims Stock Holdings in Cheniere Energy, Inc. $LNG

Bridgefront Capital LLC reduced its position in Cheniere Energy, Inc. (NYSE:LNG) by 42.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,166 shares of the energy company’s stock after selling 3,738 shares during the quarter. Bridgefront Capital LLC’s holdings in Cheniere Energy were worth $1,214,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of LNG. Salomon & Ludwin LLC acquired a new position in shares of Cheniere Energy in the 3rd quarter valued at $25,000. Hazlett Burt & Watson Inc. raised its position in Cheniere Energy by 250.0% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 140 shares of the energy company’s stock valued at $32,000 after purchasing an additional 100 shares during the last quarter. Pin Oak Investment Advisors Inc. acquired a new stake in Cheniere Energy during the 2nd quarter worth $34,000. Armstrong Advisory Group Inc. boosted its stake in Cheniere Energy by 47.6% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 155 shares of the energy company’s stock worth $36,000 after purchasing an additional 50 shares during the period. Finally, Rakuten Investment Management Inc. purchased a new position in Cheniere Energy during the 3rd quarter worth $38,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Stock Down 0.6%

LNG stock opened at $252.44 on Friday. Cheniere Energy, Inc. has a one year low of $186.20 and a one year high of $259.24. The stock has a market capitalization of $53.06 billion, a PE ratio of 10.39 and a beta of 0.25. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.81 and a current ratio of 0.94. The company has a fifty day moving average of $218.91 and a 200-day moving average of $217.40.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Wednesday, February 25th. The energy company reported $10.68 earnings per share for the quarter, beating the consensus estimate of $3.90 by $6.78. The business had revenue of $5.45 billion for the quarter, compared to the consensus estimate of $5.48 billion. Cheniere Energy had a net margin of 26.68% and a return on equity of 32.04%. The business’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.33 earnings per share. As a group, analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 6th were issued a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Friday, February 6th. Cheniere Energy’s payout ratio is currently 9.14%.

Cheniere Energy declared that its Board of Directors has initiated a share repurchase program on Thursday, February 26th that allows the company to buyback $10.00 billion in shares. This buyback authorization allows the energy company to repurchase up to 21.1% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

A number of research analysts have commented on LNG shares. Barclays lifted their price objective on shares of Cheniere Energy from $259.00 to $271.00 and gave the company an “overweight” rating in a research note on Friday, February 27th. Wells Fargo & Company lowered their price target on Cheniere Energy from $280.00 to $271.00 and set an “overweight” rating on the stock in a report on Friday. Morgan Stanley set a $236.00 price target on Cheniere Energy and gave the company an “equal weight” rating in a research report on Tuesday, February 24th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Cheniere Energy in a research note on Thursday, February 26th. Finally, Weiss Ratings cut Cheniere Energy from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 20th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $264.39.

About Cheniere Energy

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.