Crescent Grove Advisors LLC Purchases 303 Shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG)

Posted by Defense World Staff on Mar 22nd, 2023

Crescent Grove Advisors LLC raised its holdings in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG – Get Rating) by 18.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,930 shares of the energy company’s stock after acquiring an additional 303 shares during the quarter. Crescent Grove Advisors LLC’s holdings in Cheniere Energy were worth $289,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in LNG. Capital World Investors purchased a new position in Cheniere Energy during the first quarter valued at $391,652,000. BlackRock Inc. grew its holdings in shares of Cheniere Energy by 15.0% in the third quarter. BlackRock Inc. now owns 20,678,479 shares of the energy company’s stock valued at $3,430,767,000 after purchasing an additional 2,699,343 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Cheniere Energy by 1,795.5% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 2,545,865 shares of the energy company’s stock worth $338,676,000 after buying an additional 2,411,551 shares during the last quarter. Vanguard Group Inc. increased its stake in Cheniere Energy by 8.7% during the third quarter. Vanguard Group Inc. now owns 23,442,944 shares of the energy company’s stock worth $3,889,419,000 after acquiring an additional 1,869,480 shares during the last quarter. Finally, TPG GP A LLC purchased a new stake in Cheniere Energy during the 3rd quarter valued at $244,586,000. 84.25% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Trading Up 2.0 %

Cheniere Energy stock opened at $148.96 on Wednesday. The stock has a market cap of $37.04 billion, a PE ratio of -9.76 and a beta of 1.00. The stock’s 50-day moving average is $154.60. Cheniere Energy, Inc. has a 52 week low of $120.09 and a 52 week high of $182.35.

Cheniere Energy (NYSEAMERICAN:LNG – Get Rating) last posted its quarterly earnings results on Thursday, February 23rd. The energy company reported $15.78 EPS for the quarter, beating the consensus estimate of $7.08 by $8.70. The firm had revenue of $9.09 billion for the quarter, compared to analyst estimates of $8.04 billion. Cheniere Energy had a negative net margin of 12.40% and a negative return on equity of 249.96%. Cheniere Energy’s revenue for the quarter was up 42.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($5.22) earnings per share. Equities research analysts predict that Cheniere Energy, Inc. will post -7.54 EPS for the current fiscal year.

Cheniere Energy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, February 27th. Investors of record on Tuesday, February 7th were issued a $0.395 dividend. This represents a $1.58 annualized dividend and a dividend yield of 1.06%. The ex-dividend date was Monday, February 6th. Cheniere Energy’s dividend payout ratio (DPR) is -10.35%.

Analyst Ratings Changes

Several equities research analysts have weighed in on LNG shares. Mizuho upped their target price on Cheniere Energy from $195.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, February 24th. Wells Fargo & Company cut their target price on Cheniere Energy from $236.00 to $230.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 7th. Raymond James reduced their price target on shares of Cheniere Energy from $210.00 to $205.00 and set a “strong-buy” rating for the company in a research report on Monday, January 23rd. Cowen decreased their price objective on Cheniere Energy from $195.00 to $185.00 and set an “outperform” rating for the company in a report on Friday, January 20th. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $220.00 price target on shares of Cheniere Energy in a report on Tuesday, November 22nd. Ten investment analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Cheniere Energy currently has an average rating of “Buy” and an average target price of $201.62.

Insider Buying and Selling at Cheniere Energy

In other news, Director Vicky A. Bailey sold 2,700 shares of the business’s stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $141.50, for a total value of $382,050.00. Following the sale, the director now owns 33,862 shares of the company’s stock, valued at approximately $4,791,473. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.53% of the stock is currently owned by company insiders.

Cheniere Energy Profile

(Get Rating)

Cheniere Energy, Inc engages in liquefied natural gas (LNG) related businesses. It owns and operates LNG terminals, develops, constructs, and operates liquefaction projects near Corpus Christi, Texas, and at the Sabine Pass LNG terminal. The company was founded by Charif Souki in 1996 and is headquartered in Houston, TX.