Cheniere Energy, Inc. $LNG Stake Cut by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR cut its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 38.8% in the second quarter, HoldingsChannel reports. The fund owned 19,279 shares of the energy company’s stock after selling 12,233 shares during the quarter. Generali Asset Management SPA SGR’s holdings in Cheniere Energy were worth $4,695,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in LNG. Vanguard Group Inc. boosted its holdings in shares of Cheniere Energy by 0.3% during the first quarter. Vanguard Group Inc. now owns 20,937,749 shares of the energy company’s stock worth $4,844,995,000 after purchasing an additional 54,801 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Cheniere Energy by 12.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,660,545 shares of the energy company’s stock worth $1,078,450,000 after buying an additional 534,033 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Cheniere Energy by 7.9% during the 1st quarter. Invesco Ltd. now owns 3,492,443 shares of the energy company’s stock valued at $808,151,000 after buying an additional 255,140 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Cheniere Energy by 12.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,185,605 shares of the energy company’s stock valued at $737,149,000 after acquiring an additional 359,435 shares in the last quarter. Finally, Amundi increased its stake in shares of Cheniere Energy by 0.3% in the first quarter. Amundi now owns 2,703,299 shares of the energy company’s stock worth $595,245,000 after acquiring an additional 7,297 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on LNG. Bank of America boosted their target price on Cheniere Energy from $258.00 to $271.00 and gave the company a “buy” rating in a research note on Wednesday, June 25th. Scotiabank reissued an “outperform” rating on shares of Cheniere Energy in a research note on Tuesday, July 15th. Cowen restated a “buy” rating on shares of Cheniere Energy in a report on Friday, August 8th. Mizuho lifted their target price on shares of Cheniere Energy from $268.00 to $273.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Finally, Jefferies Financial Group set a $288.00 target price on shares of Cheniere Energy and gave the stock a “buy” rating in a research report on Thursday, June 26th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Cheniere Energy has a consensus rating of “Buy” and an average target price of $266.93.

Cheniere Energy Trading Down 0.2%

Shares of NYSE:LNG opened at $225.77 on Thursday. The stock has a market cap of $49.62 billion, a price-to-earnings ratio of 13.18 and a beta of 0.37. Cheniere Energy, Inc. has a 52-week low of $180.62 and a 52-week high of $257.65. The business has a 50-day moving average price of $234.57 and a 200-day moving average price of $232.90. 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 (NYSE:LNG) last posted its earnings results on Thursday, August 7th. The energy company reported $7.30 EPS for the quarter, topping the consensus estimate of $2.35 by $4.95. The firm had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.48 billion. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.Cheniere Energy’s revenue for the quarter was up 42.8% compared to the same quarter last year. During the same period last year, the company earned $3.84 earnings per share. Equities analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

About Cheniere Energy

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.