CIBC Private Wealth Group LLC Has $375.85 Million Holdings in Cheniere Energy, Inc. $LNG

CIBC Private Wealth Group LLC cut its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 1.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,599,480 shares of the energy company’s stock after selling 16,646 shares during the period. CIBC Private Wealth Group LLC’s holdings in Cheniere Energy were worth $375,846,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Railway Pension Investments Ltd boosted its position in Cheniere Energy by 62.9% during the third quarter. Railway Pension Investments Ltd now owns 777,200 shares of the energy company’s stock worth $182,626,000 after purchasing an additional 300,100 shares during the period. M&G PLC raised its position in shares of Cheniere Energy by 49.6% in the third quarter. M&G PLC now owns 556,285 shares of the energy company’s stock valued at $130,727,000 after purchasing an additional 184,520 shares during the period. Waverton Investment Management Ltd lifted its stake in shares of Cheniere Energy by 35.3% in the third quarter. Waverton Investment Management Ltd now owns 196,819 shares of the energy company’s stock worth $46,244,000 after buying an additional 51,326 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in shares of Cheniere Energy by 12.6% in the third quarter. Allianz Asset Management GmbH now owns 1,460,762 shares of the energy company’s stock worth $343,250,000 after buying an additional 163,861 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Cheniere Energy by 2.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 360,504 shares of the energy company’s stock worth $84,711,000 after buying an additional 9,085 shares during the period. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Price Performance

NYSE:LNG opened at $251.52 on Wednesday. The stock has a market cap of $52.87 billion, a P/E ratio of 10.35 and a beta of 0.25. Cheniere Energy, Inc. has a one year low of $186.20 and a one year high of $259.24. The company has a fifty day moving average price of $221.11 and a 200 day moving average price of $217.37. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.94 and a quick ratio of 0.81.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Wednesday, February 25th. The energy company reported $10.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.90 by $6.78. Cheniere Energy had a net margin of 26.68% and a return on equity of 32.04%. The company had revenue of $5.45 billion for the quarter, compared to analyst estimates of $5.48 billion. During the same period last year, the business posted $4.33 EPS. The business’s quarterly revenue was up 22.9% on a year-over-year basis. Analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

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

Cheniere Energy Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 6th were given a dividend of $0.555 per share. The ex-dividend date of this dividend was Friday, February 6th. This represents a $2.22 dividend on an annualized basis and a yield of 0.9%. Cheniere Energy’s dividend payout ratio (DPR) is 9.14%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Scotiabank raised their target price on shares of Cheniere Energy from $266.00 to $285.00 and gave the company a “sector outperform” rating in a research note on Thursday, March 5th. Royal Bank Of Canada decreased their price target on shares of Cheniere Energy from $282.00 to $271.00 and set an “outperform” rating for the company in a report on Wednesday, January 28th. UBS Group raised their price target on Cheniere Energy from $277.00 to $301.00 and gave the company a “buy” rating in a research report on Tuesday, March 3rd. Barclays lifted their price objective on Cheniere Energy from $259.00 to $271.00 and gave the stock an “overweight” rating in a research note on Friday, February 27th. Finally, Bank of America cut their price objective on Cheniere Energy from $274.00 to $271.00 and set a “buy” rating for the company in a research report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, Cheniere Energy presently has an average rating of “Moderate Buy” and a consensus target price of $264.94.

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.