Invesco LLC Sells 719 Shares of Cheniere Energy, Inc. $LNG

Invesco LLC cut its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 23.4% in the second quarter, Holdings Channel reports. The institutional investor owned 2,358 shares of the energy company’s stock after selling 719 shares during the period. Invesco LLC’s holdings in Cheniere Energy were worth $574,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of LNG. Brighton Jones LLC acquired a new position in Cheniere Energy during the 4th quarter worth approximately $335,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Cheniere Energy by 100.8% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 239 shares of the energy company’s stock worth $55,000 after purchasing an additional 120 shares in the last quarter. Versant Capital Management Inc lifted its position in shares of Cheniere Energy by 47.8% in the first quarter. Versant Capital Management Inc now owns 788 shares of the energy company’s stock worth $182,000 after purchasing an additional 255 shares in the last quarter. AdvisorNet Financial Inc boosted its holdings in Cheniere Energy by 23.7% during the first quarter. AdvisorNet Financial Inc now owns 1,454 shares of the energy company’s stock worth $336,000 after purchasing an additional 279 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Cheniere Energy by 25,232.4% in the first quarter. GAMMA Investing LLC now owns 342,241 shares of the energy company’s stock valued at $79,195,000 after purchasing an additional 340,890 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

LNG opened at $238.42 on Monday. The company has a quick ratio of 0.85, a current ratio of 0.98 and a debt-to-equity ratio of 1.96. Cheniere Energy, Inc. has a 12-month low of $177.56 and a 12-month high of $257.65. The business has a 50 day moving average of $234.66 and a 200-day moving average of $232.60. The stock has a market cap of $52.40 billion, a price-to-earnings ratio of 13.92 and a beta of 0.43.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share 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 business had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.48 billion. During the same period in the previous year, the firm earned $3.84 EPS. The firm’s revenue was up 42.8% compared to the same quarter last year. On average, equities research analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have commented on LNG. TD Cowen boosted their price target on shares of Cheniere Energy from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. BMO Capital Markets initiated coverage on Cheniere Energy in a research report on Friday, September 19th. They issued an “outperform” rating and a $268.00 target price on the stock. Barclays reissued an “overweight” rating and set a $262.00 price target (up from $253.00) on shares of Cheniere Energy in a research report on Tuesday, July 15th. Jefferies Financial Group set a $288.00 price target on Cheniere Energy and gave the stock a “buy” rating in a research report on Thursday, June 26th. Finally, Scotiabank reiterated an “outperform” rating 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, sixteen have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Cheniere Energy presently has a consensus rating of “Buy” and an average target price of $263.60.

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.