Deepwater Asset Management LLC Makes New Investment in Cheniere Energy, Inc. $LNG

Deepwater Asset Management LLC acquired a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 24,169 shares of the energy company’s stock, valued at approximately $4,698,000.

Other institutional investors have also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Cheniere Energy during the 4th quarter worth about $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Cheniere Energy during the 3rd quarter worth about $27,000. Accordant Advisory Group Inc purchased a new stake in shares of Cheniere Energy during the 4th quarter worth about $29,000. Eagle Bay Advisors LLC purchased a new stake in shares of Cheniere Energy during the 4th quarter worth about $43,000. Finally, Lodestone Wealth Management LLC purchased a new stake in shares of Cheniere Energy during the 4th quarter worth about $46,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Stock Down 0.0%

Shares of LNG stock opened at $238.81 on Monday. The stock’s 50 day simple moving average is $256.13 and its 200 day simple moving average is $230.30. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.48 and a current ratio of 0.57. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $300.89. The company has a market capitalization of $50.04 billion and a price-to-earnings ratio of 39.28.

Cheniere Energy (NYSE:LNG) 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 during the quarter, compared to the consensus estimate of $5.69 billion. During the same period in the previous year, the business posted $1.57 earnings per share. The firm’s revenue was up 7.8% on a year-over-year basis. As a group, research analysts predict that Cheniere Energy, Inc. will post 14.93 EPS for the current year.

Cheniere Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Investors of record on Monday, May 11th were paid a $0.555 dividend. This represents a $2.22 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Monday, May 11th. Cheniere Energy’s dividend payout ratio (DPR) is presently 36.51%.

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on LNG. Wolfe Research reaffirmed an “outperform” rating and set a $300.00 price target on shares of Cheniere Energy in a research note on Tuesday, June 2nd. TD Cowen raised their price target on Cheniere Energy from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. UBS Group set a $290.00 price target on Cheniere Energy in a research note on Wednesday, May 13th. Benchmark reaffirmed an “outperform” rating on shares of Cheniere Energy in a research note on Tuesday, May 26th. Finally, Jefferies Financial Group raised their price target on Cheniere Energy from $275.00 to $330.00 and gave the stock a “buy” rating in a research note on Tuesday, April 7th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $298.63.

Insider Buying and Selling

In related 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 transaction, the chief financial officer directly owned 87,146 shares of the company’s stock, valued at approximately $26,143,800. This trade represents a 24.97% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Sean N. Markowitz sold 22,246 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 64,000 shares in the company, valued at $18,622,720. The trade was a 25.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.55% of the stock is currently owned by company insiders.

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.