Weiss Asset Management LP Acquires New Holdings in Cheniere Energy, Inc. (NYSEAMERICAN:LNG)

Posted by AM Reporter Staff on Mar 18th, 2023

Weiss Asset Management LP acquired a new stake in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG – Get Rating) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 32,509 shares of the energy company’s stock, valued at approximately $5,394,000.

Other institutional investors have also recently bought and sold shares of the company. Activest Wealth Management acquired a new position in shares of Cheniere Energy in the third quarter valued at approximately $25,000. Ronald Blue Trust Inc. acquired a new position in shares of Cheniere Energy in the second quarter valued at approximately $30,000. Point72 Hong Kong Ltd acquired a new position in shares of Cheniere Energy in the third quarter valued at approximately $36,000. Lumature Wealth Partners LLC acquired a new position in shares of Cheniere Energy in the third quarter valued at approximately $37,000. Finally, AdvisorNet Financial Inc bought a new stake in shares of Cheniere Energy in the third quarter worth $39,000. Institutional investors and hedge funds own 84.25% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on LNG. Wells Fargo & Company cut their price objective on shares of Cheniere Energy from $236.00 to $230.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 7th. Barclays cut their price objective on shares of Cheniere Energy from $200.00 to $192.00 and set an “overweight” rating on the stock in a research report on Friday, January 13th. Scotiabank began coverage on shares of Cheniere Energy in a research report on Thursday, March 2nd. They issued a “sector outperform” rating and a $194.00 price objective on the stock. Mizuho upped their price target on shares of Cheniere Energy from $195.00 to $200.00 and gave the stock a “buy” rating in a research report on Friday, February 24th. Finally, Cowen dropped their price target on shares of Cheniere Energy from $195.00 to $185.00 and set an “outperform” rating on the stock in a research report on Friday, January 20th. Ten equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Cheniere Energy has an average rating of “Buy” and an average target price of $201.62.

Insider Transactions at Cheniere Energy

In other news, Director Vicky A. Bailey sold 2,700 shares of the stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $141.50, for a total value of $382,050.00. Following the completion of the transaction, the director now owns 33,862 shares of the company’s stock, valued at $4,791,473. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.53% of the company’s stock.

Cheniere Energy Price Performance

Shares of Cheniere Energy stock opened at $143.87 on Friday. The firm has a market capitalization of $35.77 billion, a P/E ratio of -9.42 and a beta of 1.00. Cheniere Energy, Inc. has a 12-month low of $120.09 and a 12-month high of $182.35. The business’s 50-day moving average price is $154.29.

Cheniere Energy (NYSEAMERICAN:LNG – Get Rating) last announced its quarterly earnings data on Thursday, February 23rd. The energy company reported $15.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.08 by $8.70. The firm had revenue of $9.09 billion for the quarter, compared to the consensus estimate of $8.04 billion. Cheniere Energy had a negative net margin of 12.40% and a negative return on equity of 249.96%. The business’s revenue for the quarter was up 42.9% on a year-over-year basis. During the same period in the prior year, the company posted ($5.22) earnings per share. On average, research analysts forecast that Cheniere Energy, Inc. will post -7.54 earnings per share for the current year.

Cheniere Energy Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 27th. Stockholders of record on Tuesday, February 7th were issued a $0.395 dividend. The ex-dividend date of this dividend was Monday, February 6th. This represents a $1.58 dividend on an annualized basis and a dividend yield of 1.10%. Cheniere Energy’s dividend payout ratio (DPR) is currently -10.35%.

Cheniere Energy Company Profile

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Cheniere Energy, Inc engages in liquefied natural gas (LNG) related businesses. It owns and operates LNG terminals, develops, constructs, and operates liquefaction projects near Corpus Christi, Texas, and at the Sabine Pass LNG terminal. The company was founded by Charif Souki in 1996 and is headquartered in Houston, TX.