Miller Howard Investments Inc. NY Has $46.80 Million Stake in Cheniere Energy, Inc. $LNG

Miller Howard Investments Inc. NY grew its position in Cheniere Energy, Inc. (NYSE:LNG) by 2.9% during the first quarter, HoldingsChannel reports. The firm owned 164,910 shares of the energy company’s stock after buying an additional 4,633 shares during the period. Miller Howard Investments Inc. NY’s holdings in Cheniere Energy were worth $46,795,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Strive Financial Group LLC acquired a new position in Cheniere Energy in the fourth quarter valued at $25,000. Kohmann Bosshard Financial Services LLC bought a new stake in Cheniere Energy during the fourth quarter valued at $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in Cheniere Energy during the 3rd quarter worth about $27,000. Accordant Advisory Group Inc acquired a new stake in Cheniere Energy during the 4th quarter worth about $29,000. Finally, Sankala Group LLC bought a new position in shares of Cheniere Energy in the 4th quarter worth about $35,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cheniere Energy

In other news, CFO Zach Davis sold 29,000 shares of Cheniere Energy stock in a transaction dated Monday, March 30th. The shares were sold at an average price of $300.00, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Sean N. Markowitz sold 22,246 shares of Cheniere Energy stock in a transaction dated 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 of the company’s stock, valued at $18,622,720. This represents a 25.79% 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.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LNG. Sanford C. Bernstein began coverage on Cheniere Energy in a research note on Tuesday, June 16th. They issued a “market perform” rating and a $283.00 price objective on the stock. Benchmark reaffirmed an “outperform” rating on shares of Cheniere Energy in a research note on Tuesday, May 26th. Wolfe Research reiterated an “outperform” rating and issued a $300.00 target price on shares of Cheniere Energy in a report on Tuesday, June 2nd. TD Cowen boosted their price target on Cheniere Energy from $265.00 to $270.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Finally, BMO Capital Markets lifted their price target on shares of Cheniere Energy from $265.00 to $306.00 and gave the company an “outperform” rating in a research note on Monday, March 23rd. Two investment analysts have 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 MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $297.71.

Cheniere Energy Trading Up 1.9%

Shares of Cheniere Energy stock opened at $235.25 on Wednesday. The stock has a market capitalization of $49.30 billion and a PE ratio of 38.69. Cheniere Energy, Inc. has a 52 week low of $186.20 and a 52 week high of $300.89. The stock has a 50 day moving average price of $244.91 and a two-hundred day moving average price of $232.56. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.48 and a current ratio of 0.57.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Wednesday, May 6th. The energy company reported ($16.65) earnings per share for the quarter, missing analysts’ consensus estimates of $4.25 by ($20.90). Cheniere Energy had a return on equity of 38.95% and a net margin of 7.23%.The firm had revenue of $5.87 billion for the quarter, compared to analyst estimates of $5.69 billion. During the same period in the previous year, the company earned $1.57 earnings per share. Cheniere Energy’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, equities analysts anticipate that Cheniere Energy, Inc. will post 14.93 earnings per share for the current fiscal year.

Cheniere Energy declared that its Board of Directors has authorized a stock buyback 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 buy up to 21.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Cheniere Energy Announces Dividend

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

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.