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

Fortem Financial Group LLC lifted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 29.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,194 shares of the energy company’s stock after purchasing an additional 2,340 shares during the period. Fortem Financial Group LLC’s holdings in Cheniere Energy were worth $2,893,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of LNG. Genesis Private Wealth LLC bought a new position in Cheniere Energy during the first quarter valued at $206,000. Diversified Trust Co raised its stake in shares of Cheniere Energy by 403.2% in the first quarter. Diversified Trust Co now owns 8,333 shares of the energy company’s stock valued at $2,365,000 after buying an additional 6,677 shares during the period. Nations Financial Group Inc. IA ADV bought a new stake in shares of Cheniere Energy in the first quarter valued at $4,959,000. J. Derek Lewis & Associates Inc. purchased a new position in shares of Cheniere Energy during the 4th quarter valued at $673,000. Finally, Rockefeller Capital Management L.P. lifted its position in shares of Cheniere Energy by 38.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 322,794 shares of the energy company’s stock valued at $62,748,000 after buying an additional 90,392 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analysts Set New Price Targets

LNG has been the subject of several research reports. Citigroup increased their price target on Cheniere Energy from $280.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. Morgan Stanley dropped their price objective on shares of Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating on the stock in a report on Tuesday, April 21st. 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. Scotiabank reissued an “outperform” rating on shares of Cheniere Energy in a research report on Wednesday, May 13th. Finally, Zacks Research cut shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 10th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $297.71.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $227.25 on Friday. The stock has a market cap of $47.62 billion and a PE ratio of 37.38. Cheniere Energy, Inc. has a fifty-two week low of $186.20 and a fifty-two week high of $300.89. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.48 and a current ratio of 0.57. The stock has a fifty day moving average of $246.21 and a 200-day moving average of $232.06.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Wednesday, May 6th. The energy company reported ($16.65) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.25 by ($20.90). The company had revenue of $5.87 billion for 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 business’s revenue for the quarter was up 7.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.57 earnings per share. Equities research analysts anticipate that Cheniere Energy, Inc. will post 14.93 earnings per share for the current year.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders 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 annualized dividend and a dividend yield of 1.0%. Cheniere Energy’s dividend payout ratio is currently 36.51%.

Cheniere Energy declared that its Board of Directors has approved a stock buyback plan on Thursday, February 26th that permits the company to repurchase $10.00 billion in shares. This repurchase authorization permits the energy company to repurchase up to 21.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Insider Transactions at Cheniere Energy

In related news, EVP Sean N. Markowitz sold 22,246 shares of the business’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 transaction of $6,473,141.08. Following the completion of the transaction, the executive vice president owned 64,000 shares of the company’s stock, valued at approximately $18,622,720. The trade was a 25.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Zach Davis sold 29,000 shares of the business’s stock in a transaction that occurred on Monday, March 30th. The shares were sold at an average price of $300.00, for a total transaction 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 represents a 24.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.55% of the company’s stock.

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.