Northwestern Mutual Wealth Management Co. Has $1.84 Million Stock Position in Cheniere Energy, Inc. $LNG

Northwestern Mutual Wealth Management Co. trimmed its position in Cheniere Energy, Inc. (NYSE:LNG) by 71.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,474 shares of the energy company’s stock after selling 24,135 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Cheniere Energy were worth $1,842,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Ameriflex Group Inc. lifted its stake in shares of Cheniere Energy by 7.3% in the third quarter. Ameriflex Group Inc. now owns 688 shares of the energy company’s stock worth $162,000 after buying an additional 47 shares during the last quarter. Quest Investment Management LLC lifted its stake in shares of Cheniere Energy by 6.1% in the third quarter. Quest Investment Management LLC now owns 875 shares of the energy company’s stock worth $206,000 after buying an additional 50 shares during the last quarter. Hardy Reed LLC lifted its stake in shares of Cheniere Energy by 2.3% in the third quarter. Hardy Reed LLC now owns 2,279 shares of the energy company’s stock worth $536,000 after buying an additional 52 shares during the last quarter. Keel Point LLC raised its stake in 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. raised its stake in 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. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Cheniere Energy

In other Cheniere Energy news, CFO Zach Davis sold 29,000 shares of Cheniere Energy stock in a transaction dated Monday, March 30th. The stock was 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 in the company, valued at $26,143,800. The trade was a 24.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Sean N. Markowitz sold 22,246 shares of Cheniere Energy stock in a transaction dated Thursday, March 26th. The shares were sold at an average price of $290.98, for a total value of $6,473,141.08. Following the completion of the transaction, the executive vice president owned 64,000 shares in the company, valued at approximately $18,622,720. This represents a 25.79% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.55% of the company’s stock.

Cheniere Energy Trading Down 0.9%

LNG stock opened at $238.81 on Friday. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.57 and a quick ratio of 0.48. The company has a fifty day moving average price of $256.13 and a two-hundred day moving average price of $230.19. Cheniere Energy, Inc. has a one year low of $186.20 and a one year high of $300.89. The stock has a market cap of $50.04 billion and a price-to-earnings ratio of 39.28.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Wednesday, May 6th. The energy company reported ($16.65) earnings per share for the quarter, missing analysts’ consensus estimates of $4.25 by ($20.90). The firm had revenue of $5.87 billion for 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 quarterly revenue was up 7.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.57 EPS. Equities analysts anticipate that Cheniere Energy, Inc. will post 14.93 EPS for the current year.

Cheniere Energy declared that its board has initiated a share buyback plan on Thursday, February 26th that allows the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization allows the energy company to reacquire up to 21.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Cheniere Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Royal Bank Of Canada boosted their price target on shares of Cheniere Energy from $286.00 to $300.00 and gave the company an “outperform” rating in a report on Tuesday, April 14th. Wells Fargo & Company reduced their price target on shares of Cheniere Energy from $280.00 to $271.00 and set an “overweight” rating on the stock in a research report on Friday, March 13th. Benchmark reiterated an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, May 26th. TD Cowen increased their price target on shares of Cheniere Energy from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Finally, Scotiabank reiterated an “outperform” rating on shares of Cheniere Energy in a research report on Wednesday, May 13th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Cheniere Energy has an average rating of “Buy” and a consensus target price of $298.63.

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.