Kavar Capital Partners Group LLC Sells 10,620 Shares of Cheniere Energy, Inc. $LNG

Kavar Capital Partners Group LLC cut its stake in shares of Cheniere Energy, Inc. (NYSE:LNGFree Report) by 49.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,027 shares of the energy company’s stock after selling 10,620 shares during the period. Kavar Capital Partners Group LLC’s holdings in Cheniere Energy were worth $3,129,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Viking Fund Management LLC boosted its stake 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 period. Trivium Point Advisory LLC grew its holdings in Cheniere Energy by 38.8% during the 4th quarter. Trivium Point Advisory LLC now owns 56,930 shares of the energy company’s stock valued at $11,067,000 after buying an additional 15,927 shares in the last quarter. Waverton Investment Management Ltd grew its holdings in Cheniere Energy by 35.3% during 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. J. Safra Sarasin Holding AG raised its position in shares of Cheniere Energy by 227.7% during the fourth quarter. J. Safra Sarasin Holding AG now owns 15,505 shares of the energy company’s stock valued at $3,014,000 after buying an additional 10,774 shares during the last quarter. Finally, Lewis Asset Management LLC raised its position in shares of Cheniere Energy by 127.4% during the fourth quarter. Lewis Asset Management LLC now owns 8,751 shares of the energy company’s stock valued at $1,701,000 after buying an additional 4,903 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Insider Buying and Selling

In other news, CFO Zach Davis sold 29,000 shares of the firm’s 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 of the company’s stock, valued at $26,143,800. This trade represents a 24.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Sean N. Markowitz sold 22,246 shares of the 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 sale, 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 position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.55% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on LNG. Wolfe Research restated an “outperform” rating and set a $300.00 target price on shares of Cheniere Energy in a research report on Tuesday, June 2nd. Barclays boosted their price target on shares of Cheniere Energy from $259.00 to $271.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Morgan Stanley cut their price objective on Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating for the company in a research report on Tuesday, April 21st. Benchmark reaffirmed an “outperform” rating on shares of Cheniere Energy in a report on Tuesday, May 26th. Finally, Citigroup lifted their target price on Cheniere Energy from $280.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, April 2nd. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $297.71.

Read Our Latest Analysis on LNG

Cheniere Energy Stock Performance

Cheniere Energy stock opened at $227.25 on Friday. The company’s 50-day moving average price is $246.21 and its 200-day moving average price is $232.06. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 2.55. The company has a market cap of $47.62 billion and a PE ratio of 37.38. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $300.89.

Cheniere Energy (NYSE:LNGGet Free Report) last announced 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 the consensus estimate of $5.69 billion. Cheniere Energy had a net margin of 7.23% and a return on equity of 38.95%. The firm’s revenue was up 7.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.57 EPS. On average, equities research analysts forecast that Cheniere Energy, Inc. will post 14.93 EPS for the current fiscal year.

Cheniere Energy declared that its Board of Directors has initiated a share buyback plan on Thursday, February 26th that authorizes the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization authorizes the energy company to repurchase up to 21.1% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Cheniere Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Monday, May 11th were given a dividend of $0.555 per share. The ex-dividend date was Monday, May 11th. This represents a $2.22 dividend on an annualized basis and a yield of 1.0%. Cheniere Energy’s dividend payout ratio is 36.51%.

About Cheniere Energy

(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.

Further Reading

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Institutional Ownership by Quarter for Cheniere Energy (NYSE:LNG)

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