Global Retirement Partners LLC Purchases 2,203 Shares of Cheniere Energy, Inc. $LNG

Global Retirement Partners LLC boosted its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 16.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,265 shares of the energy company’s stock after buying an additional 2,203 shares during the period. Global Retirement Partners LLC’s holdings in Cheniere Energy were worth $2,967,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LNG. Kohmann Bosshard Financial Services LLC purchased a new stake in Cheniere Energy during the fourth quarter valued at approximately $26,000. Caitong International Asset Management Co. Ltd purchased a new stake in Cheniere Energy during the third quarter valued at approximately $27,000. Accordant Advisory Group Inc purchased a new stake in Cheniere Energy during the fourth quarter valued at approximately $29,000. Hazlett Burt & Watson Inc. raised its position in Cheniere Energy by 250.0% during the third quarter. Hazlett Burt & Watson Inc. now owns 140 shares of the energy company’s stock valued at $32,000 after purchasing an additional 100 shares during the period. Finally, Rakuten Investment Management Inc. purchased a new stake in Cheniere Energy during the third quarter valued at approximately $38,000. 87.26% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Sean N. Markowitz sold 22,246 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president owned 64,000 shares of the company’s stock, valued at approximately $18,622,720. This represents a 25.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Zach Davis sold 29,000 shares of the company’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 value of $8,700,000.00. Following the transaction, the chief financial officer directly owned 87,146 shares in the company, valued at approximately $26,143,800. This represents a 24.97% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on LNG shares. Zacks Research upgraded Cheniere Energy from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Bank of America upped their price objective on Cheniere Energy from $296.00 to $322.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Citigroup upped their price objective on Cheniere Energy from $280.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, April 2nd. Scotiabank restated an “outperform” rating on shares of Cheniere Energy in a research report on Wednesday, May 13th. Finally, Morgan Stanley decreased their price objective on Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 21st. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Buy” and an average target price of $293.50.

Cheniere Energy Trading Up 0.1%

LNG opened at $240.59 on Friday. The stock has a market cap of $50.42 billion, a price-to-earnings ratio of 39.57 and a beta of 0.07. The stock’s 50 day moving average price is $263.41 and its 200-day moving average price is $228.55. Cheniere Energy, Inc. has a one year low of $186.20 and a one year 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.

Cheniere Energy (NYSE:LNG) last released its earnings results on Wednesday, May 6th. The energy company reported ($16.65) EPS for the quarter, missing analysts’ consensus estimates of $4.25 by ($20.90). The business 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 company’s quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.57 EPS. On average, equities analysts forecast that Cheniere Energy, Inc. will post 15.2 EPS for the current year.

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

Cheniere Energy Announces Dividend

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

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.