Friedenthal Financial Invests $962,000 in Cheniere Energy, Inc. $LNG

Friedenthal Financial bought a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 3,389 shares of the energy company’s stock, valued at approximately $962,000.

A number of other large investors have also added to or reduced their stakes in LNG. Vanguard Group Inc. boosted its position in Cheniere Energy by 2.0% during the fourth quarter. Vanguard Group Inc. now owns 21,219,557 shares of the energy company’s stock worth $4,124,870,000 after purchasing an additional 414,022 shares during the period. State Street Corp raised its position in shares of Cheniere Energy by 2.8% in the fourth quarter. State Street Corp now owns 6,174,695 shares of the energy company’s stock valued at $1,200,299,000 after purchasing an additional 167,622 shares during the period. Norges Bank bought a new position in shares of Cheniere Energy in the fourth quarter valued at about $731,774,000. Victory Capital Management Inc. lifted its stake in shares of Cheniere Energy by 12.5% during the 4th quarter. Victory Capital Management Inc. now owns 2,279,078 shares of the energy company’s stock worth $443,031,000 after buying an additional 253,469 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Cheniere Energy by 6.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,263,826 shares of the energy company’s stock worth $440,047,000 after buying an additional 134,695 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on LNG shares. Sanford C. Bernstein began coverage on shares of Cheniere Energy in a research note on Tuesday, June 16th. They issued a “market perform” rating and a $283.00 price target on the stock. TD Cowen raised their price objective on shares of Cheniere Energy from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. UBS Group set a $290.00 price objective on Cheniere Energy in a report on Wednesday, May 13th. Morgan Stanley decreased their target price 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. Finally, Wells Fargo & Company lowered their target price on Cheniere Energy from $280.00 to $271.00 and set an “overweight” rating on the stock in a research note on Friday, March 13th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $297.71.

Cheniere Energy Price Performance

NYSE:LNG opened at $231.31 on Thursday. Cheniere Energy, Inc. has a 52 week low of $186.20 and a 52 week high of $300.89. The firm has a market cap of $48.47 billion and a price-to-earnings ratio of 38.04. The firm’s 50-day simple moving average is $244.32 and its 200 day simple moving average is $232.72. 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 issued its quarterly earnings data on Wednesday, May 6th. The energy company reported ($16.65) earnings per share for the quarter, missing the consensus estimate of $4.25 by ($20.90). Cheniere Energy had a return on equity of 38.95% and a net margin of 7.23%.The business had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.69 billion. During the same quarter last year, the firm earned $1.57 EPS. Cheniere Energy’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, sell-side analysts predict that Cheniere Energy, Inc. will post 14.93 earnings per share for the current year.

Cheniere Energy Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.22 dividend on an annualized basis and a yield of 1.0%. Cheniere Energy’s dividend payout ratio is currently 36.51%.

Cheniere Energy announced that its board has authorized a stock buyback program on Thursday, February 26th that permits the company to buyback $10.00 billion in shares. This buyback authorization permits the energy company to buy up to 21.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

Insider Transactions at Cheniere Energy

In other Cheniere Energy news, CFO Zach Davis sold 29,000 shares of the firm’s stock in a transaction on Monday, March 30th. The stock was 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. This trade represents 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. 0.55% of the stock is owned by corporate insiders.

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.