Bluebird Wealth Management LLC Acquires Shares of 5,573 Cheniere Energy, Inc. $LNG

Key Points

• Bluebird Wealth Management acquired a new stake of 5,573 shares in Cheniere Energy in Q4, valued at about $1.083 million, and institutional investors now own roughly 87.26% of the company’s stock.
• Multiple Wall Street firms have raised price targets (e.g., UBS to $340, Goldman to $312, BofA to $322), leaving the stock with an average target of $295.56 and an overall analyst consensus of "Moderate Buy."
• Insiders sold material positions—CFO Zach Davis sold 29,000 shares and EVP Sean Markowitz sold 22,246 shares—while the board approved a $10.0 billion share repurchase plan and declared a $0.555 quarterly dividend.

Bluebird Wealth Management LLC acquired a new stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,573 shares of the energy company's stock, valued at approximately $1,083,000.

Several other large investors also recently bought and sold shares of LNG. Brighton Jones LLC acquired a new position in Cheniere Energy in the fourth quarter valued at $335,000. Bank of Nova Scotia raised its holdings in shares of Cheniere Energy by 13.3% in the second quarter. Bank of Nova Scotia now owns 8,825 shares of the energy company's stock valued at $2,149,000 after buying an additional 1,035 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Cheniere Energy by 23.1% in the second quarter. Sei Investments Co. now owns 183,153 shares of the energy company's stock valued at $44,600,000 after buying an additional 34,422 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in shares of Cheniere Energy by 0.8% in the second quarter. Treasurer of the State of North Carolina now owns 103,040 shares of the energy company's stock valued at $25,092,000 after buying an additional 805 shares during the last quarter. Finally, Ieq Capital LLC raised its holdings in shares of Cheniere Energy by 87.0% in the second quarter. Ieq Capital LLC now owns 36,502 shares of the energy company's stock valued at $8,889,000 after buying an additional 16,977 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company's stock.

Wall Street Analysts Forecast Growth

LNG has been the subject of a number of research reports. Barclays upped their target price on shares of Cheniere Energy from $259.00 to $271.00 and gave the company an "overweight" rating in a report on Friday, February 27th. UBS Group upped their target price on shares of Cheniere Energy from $305.00 to $340.00 and gave the company a "buy" rating in a report on Thursday, March 26th. Scotiabank upped their target price on shares of Cheniere Energy from $285.00 to $288.00 and gave the company an "outperform" rating in a report on Thursday, April 16th. The Goldman Sachs Group upped their target price on shares of Cheniere Energy from $276.00 to $312.00 and gave the company a "buy" rating in a report on Tuesday, March 24th. Finally, Bank of America upped their target price 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. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $295.56.

Insider Activity at Cheniere Energy

In other news, CFO Zach Davis sold 29,000 shares of the stock in a transaction that occurred on 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 sale, the chief financial officer directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Sean N. Markowitz sold 22,246 shares of the stock in a transaction that occurred on 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 in the company, valued at $18,622,720. This represents a 25.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.55% of the stock is owned by corporate insiders.

Cheniere Energy Trading Down 3.0%

Shares of Cheniere Energy stock opened at $261.34 on Thursday. Cheniere Energy, Inc. has a 12-month low of $186.20 and a 12-month high of $300.89. The company has a current ratio of 0.94, a quick ratio of 0.81 and a debt-to-equity ratio of 1.74. The stock has a market cap of $54.92 billion, a PE ratio of 10.75 and a beta of 0.07. The company has a 50-day moving average of $263.22 and a two-hundred day moving average of $226.53.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its earnings results on Wednesday, February 25th. The energy company reported $10.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.90 by $6.78. The company had revenue of $5.45 billion during the quarter, compared to analysts' expectations of $5.48 billion. Cheniere Energy had a net margin of 26.68% and a return on equity of 32.04%. The firm's quarterly revenue was up 22.9% compared to the same quarter last year. During the same period last year, the company posted $4.33 earnings per share. On average, research analysts anticipate that Cheniere Energy, Inc. will post 13.97 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 19th. Stockholders of record on Monday, May 11th will be given a $0.555 dividend. The ex-dividend date is Monday, May 11th. This represents a $2.22 annualized dividend and a dividend yield of 0.8%. Cheniere Energy's dividend payout ratio is currently 9.14%.

Cheniere Energy announced that its board has approved a stock repurchase 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 purchase up to 21.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its shares are undervalued.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.