2,138 Shares in Cheniere Energy, Inc. $LNG Bought by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC bought a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG) during the 1st quarter, Holdings Channel reports. The institutional investor bought 2,138 shares of the energy company’s stock, valued at approximately $607,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. OP Asset Management Ltd acquired a new position in shares of Cheniere Energy during the first quarter valued at about $6,316,000. Banque Cantonale Vaudoise boosted its stake in Cheniere Energy by 3.3% in the 1st quarter. Banque Cantonale Vaudoise now owns 7,144 shares of the energy company’s stock worth $2,027,000 after purchasing an additional 225 shares in the last quarter. Thoma Capital Management LLC boosted its stake in Cheniere Energy by 4.3% in the 1st quarter. Thoma Capital Management LLC now owns 3,719 shares of the energy company’s stock worth $1,056,000 after purchasing an additional 155 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in Cheniere Energy by 13.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 186,283 shares of the energy company’s stock worth $52,860,000 after purchasing an additional 21,722 shares in the last quarter. Finally, Godsey & Gibb Inc. grew its position in Cheniere Energy by 11.5% during the 1st quarter. Godsey & Gibb Inc. now owns 669 shares of the energy company’s stock worth $190,000 after purchasing an additional 69 shares during the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LNG has been the topic of a number of recent analyst reports. UBS Group set a $290.00 price target on shares of Cheniere Energy in a research note on Wednesday, May 13th. Wolfe Research reiterated an “outperform” rating and set a $300.00 price objective on shares of Cheniere Energy in a research note on Tuesday, June 2nd. Bank of America boosted their price objective on shares of Cheniere Energy from $296.00 to $322.00 and gave the company a “buy” rating in a report on Friday, March 20th. Morgan Stanley cut 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, The Goldman Sachs Group raised their target price on Cheniere Energy from $276.00 to $312.00 and gave the stock a “buy” rating in a research note on Tuesday, March 24th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $297.71.

Cheniere Energy Price Performance

Shares of NYSE:LNG opened at $241.71 on Friday. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $300.89. 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 has a market cap of $50.65 billion and a PE ratio of 39.75. The company’s 50 day moving average is $243.54 and its 200 day moving average is $232.99.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Wednesday, May 6th. The energy company reported ($16.65) EPS for the quarter, missing the consensus estimate of $4.25 by ($20.90). Cheniere Energy had a net margin of 7.23% and a return on equity of 38.95%. The business had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.69 billion. During the same quarter in the previous year, the firm posted $1.57 earnings per share. The business’s revenue was up 7.8% on a year-over-year basis. On average, sell-side analysts forecast that Cheniere Energy, Inc. will post 14.93 EPS for the current year.

Cheniere Energy Dividend Announcement

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

Insider Activity

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 completion of the transaction, the chief financial officer directly 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 document filed with the SEC, which is available at this hyperlink. 0.55% of the stock is currently owned by company 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.