Arrowstreet Capital Limited Partnership Has $112.27 Million Stake in Cheniere Energy, Inc. $LNG

Arrowstreet Capital Limited Partnership boosted its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 518.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 577,533 shares of the energy company’s stock after purchasing an additional 484,198 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in Cheniere Energy were worth $112,267,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Ameriflex Group Inc. increased its holdings in Cheniere Energy by 7.3% in the 3rd quarter. Ameriflex Group Inc. now owns 688 shares of the energy company’s stock valued at $162,000 after buying an additional 47 shares during the period. Quest Investment Management LLC increased its holdings in Cheniere Energy by 6.1% in the 3rd quarter. Quest Investment Management LLC now owns 875 shares of the energy company’s stock valued at $206,000 after buying an additional 50 shares during the period. Aviso Wealth Management grew its holdings in shares of Cheniere Energy by 2.1% during the 4th quarter. Aviso Wealth Management now owns 2,489 shares of the energy company’s stock valued at $484,000 after purchasing an additional 50 shares during the last quarter. Keel Point LLC grew its holdings in shares of Cheniere Energy by 5.2% during the 3rd quarter. Keel Point LLC now owns 1,111 shares of the energy company’s stock valued at $261,000 after purchasing an additional 55 shares during the last quarter. Finally, Waterfront Wealth Inc. grew its holdings in shares of Cheniere Energy by 3.9% during the 4th quarter. Waterfront Wealth Inc. now owns 1,486 shares of the energy company’s stock valued at $311,000 after purchasing an additional 56 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on LNG shares. BMO Capital Markets lifted their price target on shares of Cheniere Energy from $265.00 to $306.00 and gave the company an “outperform” rating in a report on Monday, March 23rd. Benchmark reaffirmed an “outperform” rating on shares of Cheniere Energy in a report on Tuesday, May 26th. Wells Fargo & Company decreased their price target on shares of Cheniere Energy from $280.00 to $271.00 and set an “overweight” rating on the stock in a report on Friday, March 13th. Scotiabank reissued an “outperform” rating on shares of Cheniere Energy in a report on Wednesday, May 13th. Finally, UBS Group set a $290.00 target price on shares of Cheniere Energy in a report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $298.63.

Cheniere Energy Stock Down 2.6%

Shares of NYSE LNG opened at $234.89 on Tuesday. The company has a market capitalization of $49.22 billion and a P/E ratio of 38.63. Cheniere Energy, Inc. has a 52-week low of $186.20 and a 52-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 company’s 50 day moving average price is $250.36 and its 200-day moving average price is $231.61.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results 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 firm had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.69 billion. Cheniere Energy had a return on equity of 38.95% and a net margin of 7.23%.The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.57 EPS. Equities analysts forecast that Cheniere Energy, Inc. will post 14.93 earnings per share for the current year.

Cheniere Energy Announces Dividend

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

Cheniere Energy announced that its Board of Directors has approved a share buyback plan on Thursday, February 26th that allows the company to buyback $10.00 billion in shares. This buyback authorization allows the energy company to reacquire up to 21.1% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In related news, CFO Zach Davis sold 29,000 shares of the business’s stock in a transaction 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 owned 87,146 shares in the company, valued at $26,143,800. The trade was a 24.97% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Sean N. Markowitz sold 22,246 shares of the business’s stock in a transaction 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 transaction, the executive vice president owned 64,000 shares in the company, valued at $18,622,720. The trade was a 25.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.55% of the stock is owned by insiders.

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.