Financiere des Professionnels Fonds d investissement inc. Takes Position in Cheniere Energy, Inc. $LNG

Financiere des Professionnels Fonds d investissement inc. acquired a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 15,813 shares of the energy company’s stock, valued at approximately $3,851,000.

A number of other hedge funds also recently made changes to their positions in LNG. REAP Financial Group LLC raised its stake in shares of Cheniere Energy by 150.0% during the fourth quarter. REAP Financial Group LLC now owns 125 shares of the energy company’s stock valued at $27,000 after purchasing an additional 75 shares during the period. Cooksen Wealth LLC purchased a new stake in shares of Cheniere Energy during the first quarter valued at approximately $38,000. WPG Advisers LLC purchased a new stake in shares of Cheniere Energy during the first quarter valued at approximately $38,000. Ameriflex Group Inc. purchased a new stake in shares of Cheniere Energy during the fourth quarter valued at approximately $42,000. Finally, Tsfg LLC raised its stake in shares of Cheniere Energy by 676.0% during the first quarter. Tsfg LLC now owns 194 shares of the energy company’s stock valued at $45,000 after purchasing an additional 169 shares during the period. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. TD Cowen lifted their price objective on shares of Cheniere Energy from $265.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Jefferies Financial Group set a $288.00 price target on shares of Cheniere Energy and gave the stock a “buy” rating in a research note on Thursday, June 26th. Cowen restated a “buy” rating on shares of Cheniere Energy in a research note on Friday, August 8th. Mizuho lifted their price target on shares of Cheniere Energy from $268.00 to $273.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Finally, Barclays restated an “overweight” rating and issued a $262.00 price target (up previously from $253.00) on shares of Cheniere Energy in a research note on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $263.29.

Cheniere Energy Stock Performance

Shares of LNG opened at $234.93 on Wednesday. Cheniere Energy, Inc. has a 1 year low of $177.56 and a 1 year high of $257.65. The company has a market cap of $51.63 billion, a price-to-earnings ratio of 13.71 and a beta of 0.43. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98. The firm has a fifty day moving average of $234.90 and a 200-day moving average of $231.47.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $4.95. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The company had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.48 billion. During the same quarter in the previous year, the company posted $3.84 earnings per share. The company’s revenue for the quarter was up 42.8% compared to the same quarter last year. As a group, equities analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy Company Profile

Cheniere Energy, Inc, an energy infrastructure company, primarily engages in the liquefied natural gas (LNG) related businesses in the United States. It owns and operates the Sabine Pass LNG terminal in Cameron Parish, Louisiana; and the Corpus Christi LNG terminal near Corpus Christi, Texas. The company also owns Creole Trail pipeline, a 94-mile natural gas supply pipeline that interconnects the Sabine Pass LNG Terminal with several interstate and intrastate pipelines; and operates Corpus Christi pipeline, a 21.5-mile natural gas supply pipeline that interconnects the Corpus Christi LNG terminal with various interstate and intrastate natural gas pipelines.