Silver Oak Securities Incorporated Invests $634,000 in Cheniere Energy, Inc. $LNG

Silver Oak Securities Incorporated purchased a new stake in Cheniere Energy, Inc. (NYSE:LNG) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,235 shares of the energy company’s stock, valued at approximately $634,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Strive Financial Group LLC acquired a new stake in Cheniere Energy during the 4th quarter valued at $25,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Cheniere Energy during the 4th quarter worth $26,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Cheniere Energy during the third quarter worth $27,000. Accordant Advisory Group Inc acquired a new stake in shares of Cheniere Energy during the fourth quarter worth $29,000. Finally, Sankala Group LLC purchased a new stake in shares of Cheniere Energy in the fourth quarter valued at $35,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on LNG shares. Royal Bank Of Canada upped their target price on Cheniere Energy from $286.00 to $300.00 and gave the company an “outperform” rating in a research note on Tuesday, April 14th. Morgan Stanley lowered their price target on Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating for the company in a report on Tuesday, April 21st. Wolfe Research reaffirmed an “outperform” rating and set a $300.00 price objective on shares of Cheniere Energy in a research note on Tuesday, June 2nd. Bank of America raised their target price on shares of Cheniere Energy from $296.00 to $322.00 and gave the stock a “buy” rating in a research report on Friday, March 20th. Finally, Barclays boosted their target price on shares of Cheniere Energy from $259.00 to $271.00 and gave the company an “overweight” rating in a report on Friday, February 27th. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $297.71.

Insider Activity at Cheniere Energy

In other news, CFO Zach Davis sold 29,000 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer owned 87,146 shares of the company’s stock, valued at approximately $26,143,800. This trade represents a 24.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.55% of the company’s stock.

Cheniere Energy Stock Performance

Shares of NYSE:LNG opened at $241.71 on Friday. The firm has a market capitalization of $50.65 billion and a PE ratio of 39.75. Cheniere Energy, Inc. has a 12 month low of $186.20 and a 12 month high of $300.89. The company has a debt-to-equity ratio of 2.55, a current ratio of 0.57 and a quick ratio of 0.48. The business has a 50-day moving average of $243.54 and a two-hundred day moving average of $232.99.

Cheniere Energy (NYSE:LNG) last posted 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 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 period last year, the company posted $1.57 EPS. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, research analysts forecast that Cheniere Energy, Inc. will post 14.93 earnings per share for the current year.

Cheniere Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 19th. Stockholders of record on Monday, May 11th were given a $0.555 dividend. The ex-dividend date of this dividend was 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%.

About Cheniere Energy

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.