Perryman Financial Advisory Inc. AD Purchases New Position in Cheniere Energy, Inc. $LNG

Key Points

• Perryman Financial Advisory opened a new position in Cheniere Energy, buying 33,458 shares valued at about $6.5 million in the fourth quarter. The stake represents about 1.0% of its portfolio and is its 29th-largest holding.
• Cheniere Energy reported mixed quarterly results, with revenue of $5.87 billion topping estimates but earnings per share missing expectations by a wide margin. Analysts still expect the company to earn 14.93 EPS for the full year.
• The company has a $10 billion share repurchase program approved earlier this year and recently paid a quarterly dividend of $0.555 per share. Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of $298.63.

Perryman Financial Advisory Inc. AD purchased a new stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 33,458 shares of the energy company's stock, valued at approximately $6,504,000. Cheniere Energy comprises about 1.0% of Perryman Financial Advisory Inc. AD's investment portfolio, making the stock its 29th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Brighton Jones LLC acquired a new stake in Cheniere Energy during the 4th quarter worth $335,000. Bank of Nova Scotia boosted its stake in 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 acquiring an additional 1,035 shares in the last quarter. Sei Investments Co. boosted its stake in 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 acquiring an additional 34,422 shares in the last quarter. Treasurer of the State of North Carolina grew its holdings in shares of Cheniere Energy by 0.8% during the second quarter. Treasurer of the State of North Carolina now owns 103,040 shares of the energy company's stock worth $25,092,000 after purchasing an additional 805 shares during the last quarter. Finally, Ieq Capital LLC grew its holdings in shares of Cheniere Energy by 87.0% during the second quarter. Ieq Capital LLC now owns 36,502 shares of the energy company's stock worth $8,889,000 after purchasing an additional 16,977 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company's stock.

Cheniere Energy Stock Down 0.2%

Cheniere Energy stock opened at $240.85 on Monday. The stock has a 50 day moving average of $251.29 and a two-hundred day moving average of $231.40. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $300.89. The stock has a market capitalization of $50.47 billion and a price-to-earnings ratio of 39.61. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 2.55.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its earnings results on Wednesday, May 6th. The energy company reported ($16.65) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.25 by ($20.90). Cheniere Energy had a net margin of 7.23% and a return on equity of 38.95%. The company had revenue of $5.87 billion during the quarter, compared to analyst estimates of $5.69 billion. During the same period in the previous year, the firm posted $1.57 EPS. The company's revenue for the quarter was up 7.8% on a year-over-year basis. As a group, research analysts expect that Cheniere Energy, Inc. will post 14.93 earnings per share for the current year.

Cheniere Energy announced that its board has approved a share repurchase program on Thursday, February 26th that authorizes the company to buyback $10.00 billion in outstanding shares. This buyback authorization authorizes the energy company to reacquire up to 21.1% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's management believes its shares are undervalued.

Cheniere Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Shareholders of record on Monday, May 11th were paid a $0.555 dividend. This represents a $2.22 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Monday, May 11th. Cheniere Energy's payout ratio is currently 36.51%.

Insider Buying and Selling at Cheniere Energy

In other news, EVP Sean N. Markowitz sold 22,246 shares of the stock in a transaction that occurred on Thursday, March 26th. The stock was sold at an average price of $290.98, for a total transaction of $6,473,141.08. Following the completion of the transaction, the executive vice president directly owned 64,000 shares of the company's stock, valued at approximately $18,622,720. This represents a 25.79% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Zach Davis sold 29,000 shares of the firm's 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 completion of the sale, the chief financial officer directly owned 87,146 shares of the company's stock, valued at $26,143,800. This represents a 24.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.55% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on LNG shares. Royal Bank Of Canada boosted their target price on Cheniere Energy from $286.00 to $300.00 and gave the company an "outperform" rating in a report on Tuesday, April 14th. Wells Fargo & Company cut their price target on Cheniere Energy from $280.00 to $271.00 and set an "overweight" rating on the stock in a research report on Friday, March 13th. The Goldman Sachs Group boosted their price objective on Cheniere Energy from $276.00 to $312.00 and gave the company a "buy" rating in a research note on Tuesday, March 24th. Benchmark reissued an "outperform" rating on shares of Cheniere Energy in a report on Tuesday, May 26th. Finally, UBS Group set a $290.00 target price on shares of Cheniere Energy in a research report on Wednesday, May 13th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $298.63.

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.

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