Bornite Capital Management LP Purchases 250,000 Shares of Cheniere Energy, Inc. $LNG

Bornite Capital Management LP raised its position in Cheniere Energy, Inc. (NYSE:LNG) by 229.6% during the fourth quarter, Holdings Channel reports. The firm owned 358,900 shares of the energy company’s stock after purchasing an additional 250,000 shares during the period. Cheniere Energy comprises 6.8% of Bornite Capital Management LP’s portfolio, making the stock its 2nd largest holding. Bornite Capital Management LP’s holdings in Cheniere Energy were worth $69,767,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LNG. Brighton Jones LLC acquired a new position in shares of Cheniere Energy during the 4th quarter valued at $335,000. Bank of Nova Scotia lifted its position in shares of Cheniere Energy by 13.3% during the 2nd 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 during the period. Sei Investments Co. lifted its position in shares of Cheniere Energy by 23.1% during the 2nd 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 during the period. Treasurer of the State of North Carolina lifted its position in shares of Cheniere Energy by 0.8% during the 2nd 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 acquiring an additional 805 shares during the period. Finally, Ieq Capital LLC lifted its position in shares of Cheniere Energy by 87.0% during the 2nd quarter. Ieq Capital LLC now owns 36,502 shares of the energy company’s stock valued at $8,889,000 after acquiring an additional 16,977 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.

Insider Buying and Selling at Cheniere Energy

In other Cheniere Energy news, EVP Sean N. Markowitz sold 22,246 shares of the company’s stock in a transaction 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 transaction, the executive vice president owned 64,000 shares in the company, valued at approximately $18,622,720. This represents a 25.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Zach Davis sold 29,000 shares of the company’s stock in a transaction on Monday, March 30th. The stock was sold at an average price of $300.00, for a total transaction of $8,700,000.00. Following the transaction, the chief financial officer owned 87,146 shares in the company, valued at approximately $26,143,800. The trade was a 24.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.55% of the company’s stock.

Cheniere Energy Stock Performance

LNG opened at $240.85 on Friday. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 2.55. The company’s fifty day moving average price is $251.29 and its two-hundred day moving average price is $231.21. Cheniere Energy, Inc. has a 1-year low of $186.20 and a 1-year high of $300.89. The company has a market cap of $50.47 billion and a price-to-earnings ratio of 39.61.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data 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). Cheniere Energy had a return on equity of 38.95% and a net margin of 7.23%.The business had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.69 billion. During the same quarter in the previous year, the company posted $1.57 EPS. The business’s quarterly revenue was up 7.8% on a year-over-year basis. On average, analysts expect that Cheniere Energy, Inc. will post 14.93 EPS for the current fiscal year.

Cheniere Energy announced that its board has initiated a stock buyback program on Thursday, February 26th that permits the company to repurchase $10.00 billion in shares. This repurchase authorization permits the energy company to buy up to 21.1% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board of directors believes its stock is undervalued.

Cheniere Energy Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. BMO Capital Markets boosted their target price on shares of Cheniere Energy from $265.00 to $306.00 and gave the company an “outperform” rating in a research report on Monday, March 23rd. Scotiabank reiterated an “outperform” rating on shares of Cheniere Energy in a research report on Wednesday, May 13th. Bank of America boosted their target price on shares of Cheniere Energy from $296.00 to $322.00 and gave the company a “buy” rating in a research report on Friday, March 20th. Citigroup boosted their target price on shares of Cheniere Energy from $280.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, April 2nd. Finally, Wolfe Research reiterated an “outperform” rating and set a $300.00 target price on shares of Cheniere Energy in a research report on Tuesday, June 2nd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Cheniere Energy currently has a consensus rating of “Moderate Buy” and an average target price 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.