Cheniere Energy, Inc. $LNG Shares Sold by Farmers Trust Co.

Farmers Trust Co. decreased its position in Cheniere Energy, Inc. (NYSE:LNG) by 2.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,578 shares of the energy company’s stock after selling 579 shares during the quarter. Cheniere Energy accounts for approximately 1.3% of Farmers Trust Co.’s holdings, making the stock its 21st largest position. Farmers Trust Co.’s holdings in Cheniere Energy were worth $6,959,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in LNG. Pinnacle Bancorp Inc. grew its position in shares of Cheniere Energy by 134.1% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock worth $25,000 after acquiring an additional 59 shares in the last quarter. REAP Financial Group LLC grew its position in shares of Cheniere Energy by 150.0% in the 4th quarter. REAP Financial Group LLC now owns 125 shares of the energy company’s stock worth $27,000 after acquiring an additional 75 shares in the last quarter. Cooksen Wealth LLC acquired a new position in shares of Cheniere Energy in the 1st quarter worth approximately $38,000. WPG Advisers LLC acquired a new position in shares of Cheniere Energy in the 1st quarter worth approximately $38,000. Finally, Ameriflex Group Inc. acquired a new position in shares of Cheniere Energy in the 4th quarter worth approximately $42,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on LNG shares. Bank of America lifted their target price on Cheniere Energy from $258.00 to $271.00 and gave the stock a “buy” rating in a research report on Wednesday, June 25th. Cowen restated a “buy” rating on shares of Cheniere Energy in a research report on Friday, August 8th. Mizuho boosted their price objective on Cheniere Energy from $268.00 to $273.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Scotiabank restated an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. Finally, Barclays restated an “overweight” rating and set a $262.00 price objective (up previously from $253.00) on shares of Cheniere Energy in a research report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Cheniere Energy presently has an average rating of “Buy” and an average target price of $263.60.

Cheniere Energy Stock Down 0.3%

LNG opened at $230.85 on Tuesday. Cheniere Energy, Inc. has a one year low of $177.56 and a one year high of $257.65. 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 stock’s fifty day moving average is $234.60 and its 200-day moving average is $231.95. The company has a market capitalization of $50.73 billion, a PE ratio of 13.48 and a beta of 0.43.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, August 7th. The energy company reported $7.30 EPS for the quarter, topping analysts’ consensus estimates of $2.35 by $4.95. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The company had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.48 billion. During the same quarter in the previous year, the business earned $3.84 EPS. The company’s quarterly revenue was up 42.8% compared to the same quarter last year. On average, equities analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy 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.