Valley National Advisers Inc. Has $102,000 Stock Position in Cheniere Energy, Inc. (NYSEAMERICAN:LNG)

Posted by on Mar 22nd, 2023

Valley National Advisers Inc. raised its position in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG – Get Rating) by 12.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 684 shares of the energy company’s stock after purchasing an additional 76 shares during the quarter. Valley National Advisers Inc.’s holdings in Cheniere Energy were worth $102,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Crescent Grove Advisors LLC grew its holdings in Cheniere Energy by 18.6% during the 4th quarter. Crescent Grove Advisors LLC now owns 1,930 shares of the energy company’s stock worth $289,000 after acquiring an additional 303 shares during the period. OneAscent Wealth Management LLC grew its stake in Cheniere Energy by 3.7% during the fourth quarter. OneAscent Wealth Management LLC now owns 2,379 shares of the energy company’s stock worth $357,000 after purchasing an additional 84 shares during the period. Ardevora Asset Management LLP increased its holdings in Cheniere Energy by 7.0% in the fourth quarter. Ardevora Asset Management LLP now owns 267,438 shares of the energy company’s stock worth $40,105,000 after purchasing an additional 17,387 shares in the last quarter. OneAscent Financial Services LLC increased its holdings in Cheniere Energy by 4.1% in the fourth quarter. OneAscent Financial Services LLC now owns 2,174 shares of the energy company’s stock worth $326,000 after purchasing an additional 86 shares in the last quarter. Finally, DNB Asset Management AS lifted its stake in Cheniere Energy by 63.1% in the fourth quarter. DNB Asset Management AS now owns 57,367 shares of the energy company’s stock valued at $8,603,000 after buying an additional 22,204 shares during the period. Institutional investors own 84.25% of the company’s stock.

Cheniere Energy Trading Up 2.0 %

Shares of NYSEAMERICAN:LNG opened at $148.96 on Wednesday. Cheniere Energy, Inc. has a 1-year low of $120.09 and a 1-year high of $182.35. The company has a market cap of $37.04 billion, a PE ratio of -9.76 and a beta of 1.00. The company’s fifty day moving average is $154.60.

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

Cheniere Energy Dividend Announcement

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

Insider Buying and Selling

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

Analysts Set New Price Targets

Several research firms have recently weighed in on LNG. Cowen lowered their price objective on shares of Cheniere Energy from $195.00 to $185.00 and set an “outperform” rating for the company in a research note on Friday, January 20th. Barclays decreased their price target on shares of Cheniere Energy from $200.00 to $192.00 and set an “overweight” rating for the company in a research note on Friday, January 13th. Citigroup cut their price objective on shares of Cheniere Energy from $205.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, January 9th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $220.00 price target on shares of Cheniere Energy in a research note on Tuesday, November 22nd. Finally, Scotiabank assumed coverage on Cheniere Energy in a research note on Thursday, March 2nd. They issued a “sector outperform” rating and a $194.00 price objective for the company. Ten research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $201.62.

Cheniere Energy Company Profile

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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.

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Institutional Ownership by Quarter for Cheniere Energy (NYSEAMERICAN:LNG)

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