BI Asset Management Fondsmaeglerselskab A S cut its position in shares of Cheniere Energy, Inc. (NYSE:LNG – Free Report) by 87.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,999 shares of the energy company’s stock after selling 28,795 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Cheniere Energy were worth $1,135,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Cheniere Energy during the 3rd quarter worth approximately $27,000. Strive Financial Group LLC purchased a new position in shares of Cheniere Energy in the 4th quarter worth $25,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Cheniere Energy in the 4th quarter worth about $26,000. Accordant Advisory Group Inc bought a new stake in shares of Cheniere Energy in the 4th quarter worth about $29,000. Finally, Sankala Group LLC purchased a new stake in shares of Cheniere Energy during the 4th quarter valued at about $35,000. Institutional investors own 87.26% of the company’s stock.
Insider Activity
In other news, CFO Zach Davis sold 29,000 shares of the 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 owned 87,146 shares in the company, valued at approximately $26,143,800. This represents a 24.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.55% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Research Report on Cheniere Energy
Cheniere Energy Stock Down 1.2%
Shares of NYSE LNG opened at $231.31 on Thursday. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 2.55. The stock has a market capitalization of $48.47 billion and a PE ratio of 38.04. Cheniere Energy, Inc. has a 12-month low of $186.20 and a 12-month high of $300.89. The stock’s fifty day simple moving average is $244.32 and its two-hundred day simple moving average is $232.72.
Cheniere Energy (NYSE:LNG – Get Free Report) last issued its quarterly earnings data on Wednesday, May 6th. The energy company reported ($16.65) earnings per share for the quarter, missing analysts’ consensus estimates of $4.25 by ($20.90). Cheniere Energy had a net margin of 7.23% and a return on equity of 38.95%. The company had revenue of $5.87 billion for the quarter, compared to the consensus estimate of $5.69 billion. During the same period in the previous year, the business earned $1.57 EPS. Cheniere Energy’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, analysts expect that Cheniere Energy, Inc. will post 14.93 EPS for the current fiscal year.
Cheniere Energy declared that its Board of Directors has authorized a stock 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 purchase up to 21.1% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.
Cheniere Energy Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Monday, May 11th were issued a $0.555 dividend. This represents a $2.22 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Monday, May 11th. Cheniere Energy’s payout ratio is currently 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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