Fortem Financial Group LLC Acquires 2,340 Shares of Cheniere Energy, Inc. $LNG

Fortem Financial Group LLC raised its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 29.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,194 shares of the energy company’s stock after buying an additional 2,340 shares during the quarter. Fortem Financial Group LLC’s holdings in Cheniere Energy were worth $2,893,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the business. Brighton Jones LLC purchased a new stake in shares of Cheniere Energy in the 4th quarter valued at about $335,000. Bank of Nova Scotia grew its holdings in shares of Cheniere Energy by 13.3% during the second quarter. Bank of Nova Scotia now owns 8,825 shares of the energy company’s stock worth $2,149,000 after purchasing an additional 1,035 shares in the last quarter. Sei Investments Co. increased its position in shares of Cheniere Energy by 23.1% in the second quarter. Sei Investments Co. now owns 183,153 shares of the energy company’s stock worth $44,600,000 after purchasing an additional 34,422 shares during the last quarter. Treasurer of the State of North Carolina increased its position in shares of Cheniere Energy by 0.8% in the second quarter. Treasurer of the State of North Carolina now owns 103,040 shares of the energy company’s stock worth $25,092,000 after purchasing an additional 805 shares during the last quarter. Finally, Ieq Capital LLC raised its stake in Cheniere Energy by 87.0% in the second quarter. Ieq Capital LLC now owns 36,502 shares of the energy company’s stock valued at $8,889,000 after purchasing an additional 16,977 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Cheniere Energy

In related news, EVP Sean N. Markowitz sold 22,246 shares of Cheniere Energy stock in a transaction on Thursday, March 26th. The shares were 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. This trade represents a 25.79% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Zach Davis sold 29,000 shares of the business’s stock in a transaction on Monday, March 30th. The stock was 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 directly 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. Additional details regarding this sale are available in the official SEC disclosure. 0.55% of the stock is currently owned by company insiders.

Cheniere Energy Stock Performance

NYSE:LNG opened at $227.25 on Friday. The business has a 50 day moving average of $246.21 and a 200 day moving average of $232.06. The company has a market capitalization of $47.62 billion and a price-to-earnings ratio of 37.38. Cheniere Energy, Inc. has a 1-year low of $186.20 and a 1-year 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 earnings results on Wednesday, May 6th. The energy company reported ($16.65) earnings per share (EPS) for the quarter, missing the consensus estimate of $4.25 by ($20.90). Cheniere Energy had a return on equity of 38.95% and a net margin of 7.23%.The firm had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.69 billion. During the same period in the prior year, the company earned $1.57 EPS. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, sell-side analysts predict that Cheniere Energy, Inc. will post 14.93 earnings per share for the current fiscal year.

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

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Monday, May 11th were issued a dividend of $0.555 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.22 annualized dividend and a dividend yield of 1.0%. Cheniere Energy’s dividend payout ratio (DPR) is currently 36.51%.

Analyst Ratings Changes

LNG has been the subject of several research analyst reports. Morgan Stanley dropped their target price on shares of Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. Zacks Research lowered shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a report on Wednesday, June 10th. Bank of America raised their price objective 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. Wolfe Research reaffirmed an “outperform” rating and set a $300.00 price objective on shares of Cheniere Energy in a report on Tuesday, June 2nd. Finally, Wells Fargo & Company cut their target price 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. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Cheniere Energy presently has an average rating of “Moderate Buy” and a consensus target price of $297.71.

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.