6,395 Shares in Cheniere Energy, Inc. $LNG Bought by Canada Post Corp Registered Pension Plan

Canada Post Corp Registered Pension Plan bought a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) during the 4th quarter, HoldingsChannel.com reports. The fund bought 6,395 shares of the energy company’s stock, valued at approximately $1,243,000.

Several other institutional investors and hedge funds have also bought and sold shares of LNG. AustralianSuper Pty Ltd bought a new position in Cheniere Energy during the third quarter worth $142,688,000. Vanguard Group Inc. boosted its stake 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 acquiring an additional 414,022 shares in the last quarter. State Street Corp boosted its stake in Cheniere Energy by 6.7% during the third quarter. State Street Corp now owns 6,007,073 shares of the energy company’s stock worth $1,411,542,000 after acquiring an additional 377,369 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Cheniere Energy by 21.5% during the third quarter. Victory Capital Management Inc. now owns 2,025,609 shares of the energy company’s stock worth $475,633,000 after acquiring an additional 359,123 shares in the last quarter. Finally, Two Sigma Investments LP boosted its stake in Cheniere Energy by 53.7% during the third quarter. Two Sigma Investments LP now owns 816,028 shares of the energy company’s stock worth $191,750,000 after acquiring an additional 285,062 shares in the last quarter. 87.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on LNG shares. Scotiabank restated an “outperform” rating on shares of Cheniere Energy in a report on Wednesday, May 13th. Barclays upped their price objective on shares of Cheniere Energy from $259.00 to $271.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. BMO Capital Markets upped their price objective on shares of Cheniere Energy from $265.00 to $306.00 and gave the stock an “outperform” rating in a report on Monday, March 23rd. Wells Fargo & Company lowered their price objective 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. Finally, Royal Bank Of Canada upped their price objective on shares of Cheniere Energy from $286.00 to $300.00 and gave the stock an “outperform” rating in a report on Tuesday, April 14th. Two analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Cheniere Energy currently has a consensus rating of “Buy” and a consensus target price of $293.50.

Cheniere Energy Stock Performance

LNG opened at $248.06 on Tuesday. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 2.55. The company’s fifty day moving average price is $264.00 and its two-hundred day moving average price is $227.78. Cheniere Energy, Inc. has a 1-year low of $186.20 and a 1-year high of $300.89. The company has a market cap of $51.98 billion, a price-to-earnings ratio of 40.80 and a beta of 0.07.

Cheniere Energy (NYSE:LNG) last released 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). The business 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 business’s quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.57 EPS. On average, analysts expect that Cheniere Energy, Inc. will post 15.2 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 19th. Stockholders of record on Monday, May 11th will be issued a $0.555 dividend. The ex-dividend date is Monday, May 11th. This represents a $2.22 annualized dividend and a dividend yield of 0.9%. Cheniere Energy’s dividend payout ratio is currently 36.51%.

Cheniere Energy announced that its Board of Directors has approved a stock buyback plan on Thursday, February 26th that permits the company to repurchase $10.00 billion in shares. This repurchase authorization permits the energy company to buy up to 21.1% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Activity

In other news, CFO Zach Davis sold 29,000 shares of the 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 completion of the sale, the chief financial officer owned 87,146 shares in the company, valued at $26,143,800. This represents a 24.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Sean N. Markowitz sold 22,246 shares of the stock in a transaction dated 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 completion of the sale, 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 position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.55% of the company’s stock.

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.