Mosley Wealth Management Purchases New Shares in Cheniere Energy, Inc. $LNG

Mosley Wealth Management purchased a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,221 shares of the energy company’s stock, valued at approximately $432,000.

A number of other hedge funds also recently bought and sold shares of LNG. Brighton Jones LLC purchased a new stake in Cheniere Energy during the fourth quarter valued at $335,000. Bank of Nova Scotia raised its stake in Cheniere Energy by 13.3% during the second quarter. Bank of Nova Scotia now owns 8,825 shares of the energy company’s stock valued at $2,149,000 after purchasing an additional 1,035 shares in the last quarter. Sei Investments Co. raised its stake in Cheniere Energy by 23.1% during the second quarter. Sei Investments Co. now owns 183,153 shares of the energy company’s stock valued at $44,600,000 after purchasing an additional 34,422 shares in the last quarter. Treasurer of the State of North Carolina raised its stake in Cheniere Energy by 0.8% during the second quarter. Treasurer of the State of North Carolina now owns 103,040 shares of the energy company’s stock valued at $25,092,000 after purchasing an additional 805 shares in the last quarter. Finally, Ieq Capital LLC raised its stake in Cheniere Energy by 87.0% during the second quarter. Ieq Capital LLC now owns 36,502 shares of the energy company’s stock valued at $8,889,000 after purchasing an additional 16,977 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Down 0.8%

LNG stock opened at $239.78 on Friday. The company has a market capitalization of $50.25 billion and a PE ratio of 39.44. Cheniere Energy, Inc. has a 12 month low of $186.20 and a 12 month high of $300.89. The firm’s 50-day moving average is $251.98 and its 200 day moving average is $231.14. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.57 and a quick ratio of 0.48.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results 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 company had revenue of $5.87 billion during the quarter, compared to analysts’ expectations of $5.69 billion. Cheniere Energy had a return on equity of 38.95% and a net margin of 7.23%.The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.57 EPS. On average, research analysts anticipate that Cheniere Energy, Inc. will post 14.93 EPS for the current year.

Cheniere Energy declared that its Board of Directors has initiated 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 repurchase 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 business also recently declared 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 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Monday, May 11th. Cheniere Energy’s dividend payout ratio (DPR) is currently 36.51%.

Insider Activity

In related news, CFO Zach Davis sold 29,000 shares of the firm’s stock in a transaction dated Monday, March 30th. The shares were sold at an average price of $300.00, for a total value of $8,700,000.00. Following the transaction, the chief financial officer owned 87,146 shares of the company’s stock, valued at $26,143,800. This trade represents a 24.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Sean N. Markowitz sold 22,246 shares of the firm’s stock in a transaction dated Thursday, March 26th. The stock was 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 directly owned 64,000 shares in the company, valued at $18,622,720. This represents a 25.79% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Morgan Stanley reduced their target price on shares of Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 21st. UBS Group set a $290.00 target price on shares of Cheniere Energy in a research note on Wednesday, May 13th. Bank of America increased their target price on shares of Cheniere Energy from $296.00 to $322.00 and gave the company a “buy” rating in a research note on Friday, March 20th. Wolfe Research reissued an “outperform” rating and issued a $300.00 target price on shares of Cheniere Energy in a research note on Tuesday, June 2nd. Finally, Zacks Research downgraded shares of Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Cheniere Energy has an average rating of “Moderate Buy” and an average price target of $298.63.

Cheniere Energy Company 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.