Qsemble Capital Management LP Has $13.08 Million Stake in Cheniere Energy, Inc. $LNG

Key Points

• Qsemble Capital Management LP boosted its Cheniere Energy stake by 87.4% in the fourth quarter, ending with 67,296 shares valued at about $13.08 million. Cheniere is now its largest holding, making up roughly 1.1% of the fund’s portfolio.
• Institutional ownership remains very high at 87.26%, and several large investors also increased or initiated positions. The article highlights big holdings from firms like Vanguard, State Street, and AustralianSuper.
• Wall Street remains generally constructive on the stock despite mixed results: analysts give Cheniere an average “Buy” rating with a $293.50 price target, while the company recently reported a large EPS miss even as revenue topped expectations. The board also authorized a $10 billion share repurchase plan and declared a quarterly dividend of $0.555 per share.

Qsemble Capital Management LP increased its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 87.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 67,296 shares of the energy company's stock after acquiring an additional 31,391 shares during the period. Cheniere Energy comprises about 1.1% of Qsemble Capital Management LP's holdings, making the stock its largest holding. Qsemble Capital Management LP's holdings in Cheniere Energy were worth $13,082,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. AustralianSuper Pty Ltd purchased a new position in Cheniere Energy during the 3rd quarter valued at about $142,688,000. Vanguard Group Inc. lifted its stake in Cheniere Energy by 2.0% in the fourth quarter. Vanguard Group Inc. now owns 21,219,557 shares of the energy company's stock worth $4,124,870,000 after acquiring an additional 414,022 shares during the period. State Street Corp lifted its stake in Cheniere Energy by 6.7% in the third quarter. State Street Corp now owns 6,007,073 shares of the energy company's stock worth $1,411,542,000 after acquiring an additional 377,369 shares during the period. Victory Capital Management Inc. increased its position in Cheniere Energy by 21.5% during the 3rd quarter. Victory Capital Management Inc. now owns 2,025,609 shares of the energy company's stock valued at $475,633,000 after purchasing an additional 359,123 shares during the period. Finally, Two Sigma Investments LP increased its position in Cheniere Energy by 53.7% during the 3rd quarter. Two Sigma Investments LP now owns 816,028 shares of the energy company's stock valued at $191,750,000 after purchasing an additional 285,062 shares during the period. Institutional investors own 87.26% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Morgan Stanley reduced their price objective on shares of Cheniere Energy from $313.00 to $308.00 and set an "overweight" rating on the stock in a research report on Tuesday, April 21st. Royal Bank Of Canada upped their target price on Cheniere Energy from $286.00 to $300.00 and gave the stock an "outperform" rating in a report on Tuesday, April 14th. TD Cowen upped their target price on Cheniere Energy from $265.00 to $270.00 and gave the stock a "buy" rating in a report on Monday, May 11th. Scotiabank reiterated an "outperform" rating on shares of Cheniere Energy in a report on Wednesday. Finally, Citigroup upped their target price on Cheniere Energy from $280.00 to $330.00 and gave the stock a "buy" rating in a report on Thursday, April 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of "Buy" and an average price target of $293.50.

Insider Activity at Cheniere Energy

In related news, EVP Sean N. Markowitz sold 22,246 shares of the company's stock in a transaction that occurred on Thursday, March 26th. The stock was sold at an average price of $290.98, for a total value of $6,473,141.08. Following 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 position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Zach Davis sold 29,000 shares of the company'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 transaction, the chief financial officer directly owned 87,146 shares in the company, valued at $26,143,800. This trade represents a 24.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.55% of the company's stock.

Cheniere Energy Stock Performance

Cheniere Energy stock opened at $241.77 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.57 and a debt-to-equity ratio of 2.55. The company has a market capitalization of $50.66 billion, a P/E ratio of 39.76 and a beta of 0.07. The stock's 50 day moving average is $264.03 and its 200 day moving average is $227.50. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $300.89.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its quarterly earnings results on Wednesday, May 6th. The energy company reported ($16.65) earnings per share for the quarter, missing the consensus estimate of $4.25 by ($20.90). The company had revenue of $5.87 billion during the quarter, compared to analysts' expectations of $5.69 billion. Cheniere Energy had a return on equity of 38.95% and a net margin of 7.23%.The business's quarterly revenue was up 7.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.57 EPS. On average, equities research analysts predict that Cheniere Energy, Inc. will post 15.2 earnings per share for the current fiscal year.

Cheniere Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 19th. Investors of record on Monday, May 11th will be paid a $0.555 dividend. The ex-dividend date is Monday, May 11th. This represents a $2.22 annualized dividend and a dividend yield of 0.9%. Cheniere Energy's dividend payout ratio is presently 36.51%.

Cheniere Energy declared that its board has initiated 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 repurchase up to 21.1% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's management believes its stock is undervalued.

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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