Railway Pension Investments Ltd increased its holdings in Cheniere Energy, Inc. (NYSE:LNG – Free Report) by 18.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 919,500 shares of the energy company’s stock after acquiring an additional 142,300 shares during the quarter. Cheniere Energy makes up about 2.1% of Railway Pension Investments Ltd’s investment portfolio, making the stock its 18th largest position. Railway Pension Investments Ltd’s holdings in Cheniere Energy were worth $178,742,000 at the end of the most recent quarter.
A number of other hedge funds also recently added to or reduced their stakes in LNG. Kohmann Bosshard Financial Services LLC purchased a new stake in Cheniere Energy in the fourth quarter worth about $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in Cheniere Energy in the third quarter worth about $27,000. Accordant Advisory Group Inc purchased a new stake in Cheniere Energy in the fourth quarter worth about $29,000. Hazlett Burt & Watson Inc. lifted its stake in Cheniere Energy by 250.0% in the third quarter. Hazlett Burt & Watson Inc. now owns 140 shares of the energy company’s stock worth $32,000 after acquiring an additional 100 shares during the period. Finally, AXS Investments LLC purchased a new stake in Cheniere Energy in the third quarter worth about $43,000. 87.26% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at Cheniere Energy
In other 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 transaction of $8,700,000.00. Following the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 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. 0.55% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Get Our Latest Analysis on LNG
Cheniere Energy Trading Down 2.2%
NYSE LNG opened at $224.42 on Friday. 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 firm has a market cap of $47.03 billion, a PE ratio of 36.91 and a beta of 0.07. The company has a 50 day moving average price of $261.11 and a 200 day moving average price of $229.40. Cheniere Energy, Inc. has a 52 week low of $186.20 and a 52 week high of $300.89.
Cheniere Energy (NYSE:LNG – Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The energy company reported ($16.65) EPS for the quarter, missing the consensus estimate of $4.25 by ($20.90). The firm had revenue of $5.87 billion for the quarter, compared to the consensus estimate 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 was up 7.8% compared to the same quarter last year. During the same quarter last year, the firm earned $1.57 EPS. As a group, sell-side analysts forecast that Cheniere Energy, Inc. will post 15.2 EPS for the current fiscal year.
Cheniere Energy announced that its Board of Directors has authorized a share buyback program on Thursday, February 26th that allows the company to buyback $10.00 billion in outstanding shares. This buyback authorization allows the energy company to reacquire up to 21.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.
Cheniere Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Monday, May 11th were paid a dividend of $0.555 per share. This represents a $2.22 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Monday, May 11th. Cheniere Energy’s payout ratio is 36.51%.
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.
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