Gunderson Capital Management LLC Purchases 14,663 Shares of Cheniere Energy, Inc. $LNG

Key Points

• Gunderson Capital Management increased its Cheniere Energy stake by 55.4% in the third quarter, buying 14,663 shares to hold 41,126 shares valued at approximately $11.1 million.
• Institutional ownership remains high at 87.26%, with several major investors—including Wellington Management, Bank of New York Mellon, and UBS—also expanding their positions.
• Cheniere shares recently traded at $278.68, while analysts maintain a consensus “Buy” rating and an average price target of $306.41; the company also pays a quarterly dividend of $0.555 per share.

Gunderson Capital Management LLC grew its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 55.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,126 shares of the energy company's stock after buying an additional 14,663 shares during the period. Cheniere Energy accounts for about 3.0% of Gunderson Capital Management LLC's investment portfolio, making the stock its 18th biggest holding. Gunderson Capital Management LLC's holdings in Cheniere Energy were worth $11,064,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Wellington Management Group LLP increased its position in Cheniere Energy by 210.1% in the 2nd quarter. Wellington Management Group LLP now owns 2,444,403 shares of the energy company's stock worth $584,237,000 after buying an additional 1,656,194 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Cheniere Energy by 174.3% during the first quarter. Bank of New York Mellon Corp now owns 2,244,268 shares of the energy company's stock worth $636,834,000 after buying an additional 1,426,058 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Cheniere Energy by 12.6% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,135,088 shares of the energy company's stock valued at $510,307,000 after acquiring an additional 239,680 shares during the period. Hsbc Holdings PLC boosted its position in shares of Cheniere Energy by 36.2% in the fourth quarter. Hsbc Holdings PLC now owns 1,059,970 shares of the energy company's stock valued at $205,997,000 after acquiring an additional 281,504 shares during the period. Finally, Chickasaw Capital Management LLC grew its stake in shares of Cheniere Energy by 4.4% in the third quarter. Chickasaw Capital Management LLC now owns 893,452 shares of the energy company's stock worth $240,365,000 after acquiring an additional 37,325 shares during the last quarter. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Price Performance

Shares of Cheniere Energy stock traded down $1.01 during trading on Thursday, reaching $278.68. The company's stock had a trading volume of 850,045 shares, compared to its average volume of 2,311,270. Cheniere Energy, Inc. has a one year low of $186.20 and a one year high of $300.89. The stock has a 50-day moving average price of $275.88 and a two-hundred day moving average price of $260.81. The company has a current ratio of 0.87, a quick ratio of 0.72 and a debt-to-equity ratio of 1.97. The stock has a market capitalization of $57.56 billion, a P/E ratio of 20.75, a price-to-earnings-growth ratio of 1.14 and a beta of 0.06.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The energy company reported $3.02 earnings per share for the quarter, missing analysts' consensus estimates of $3.11 by ($0.09). The company had revenue of $5.73 billion during the quarter, compared to analyst estimates of $4.92 billion. Cheniere Energy had a net margin of 13.57% and a return on equity of 29.80%. The business's revenue for the quarter was up 23.5% on a year-over-year basis. During the same period in the prior year, the business earned $7.30 EPS. As a group, sell-side analysts anticipate that Cheniere Energy, Inc. will post 16.76 EPS for the current fiscal year.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 18th. Shareholders of record on Monday, August 10th were issued a dividend of $0.5550 per share. This represents a $2.22 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Monday, August 10th. Cheniere Energy's payout ratio is currently 16.53%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Wall Street Zen raised shares of Cheniere Energy from a "sell" rating to a "hold" rating in a research report on Saturday, July 25th. Weiss Ratings raised shares of Cheniere Energy from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, October 8th. Zacks Research downgraded shares of Cheniere Energy from a "strong-buy" rating to a "hold" rating in a report on Tuesday, August 11th. Royal Bank Of Canada raised their price target on shares of Cheniere Energy from $300.00 to $319.00 and gave the stock an "outperform" rating in a research report on Monday, August 24th. Finally, Jefferies Financial Group restated a "buy" rating and issued a $336.00 price target on shares of Cheniere Energy in a research report on Saturday. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Cheniere Energy currently has an average rating of "Buy" and a consensus target price of $306.41.

Cheniere Energy Profile

Cheniere Energy, Inc is a Houston-based energy company focused on the production, liquefaction and export of liquefied natural gas (LNG). Through its subsidiaries, the company purchases natural gas, processes it into LNG and sells it to customers under long-term agreements and in the global LNG market. Its operations also include LNG-related infrastructure, marketing and transportation activities.

Cheniere's principal assets include the Sabine Pass LNG facility in Louisiana and the Corpus Christi LNG facility in Texas.

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