Stratos Investment Management LLC lessened its holdings in Cheniere Energy, Inc. (NYSE:LNG – Free Report) by 1.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 23,706 shares of the energy company’s stock after selling 294 shares during the period. Stratos Investment Management LLC’s holdings in Cheniere Energy were worth $5,773,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently made changes to their positions in LNG. American Century Companies Inc. boosted its stake in shares of Cheniere Energy by 27.6% during the first quarter. American Century Companies Inc. now owns 1,304,253 shares of the energy company’s stock valued at $301,804,000 after purchasing an additional 282,050 shares in the last quarter. Thompson Davis & CO. Inc. acquired a new stake in Cheniere Energy during the 1st quarter worth approximately $529,000. Kayne Anderson Capital Advisors LP grew its holdings in Cheniere Energy by 7.6% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 1,494,901 shares of the energy company’s stock worth $345,920,000 after acquiring an additional 105,875 shares during the last quarter. Fractal Investments LLC increased its position in Cheniere Energy by 27.7% in the 1st quarter. Fractal Investments LLC now owns 75,585 shares of the energy company’s stock valued at $17,490,000 after acquiring an additional 16,385 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Cheniere Energy by 7.5% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,505 shares of the energy company’s stock valued at $5,439,000 after acquiring an additional 1,630 shares during the period. Institutional investors own 87.26% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on LNG. Barclays reaffirmed an “overweight” rating and set a $262.00 target price (up from $253.00) on shares of Cheniere Energy in a research report on Tuesday, July 15th. TD Cowen raised their price objective on Cheniere Energy from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Jefferies Financial Group set a $288.00 target price on Cheniere Energy and gave the company a “buy” rating in a report on Thursday, June 26th. Cowen reissued a “buy” rating on shares of Cheniere Energy in a research report on Friday, August 8th. Finally, BMO Capital Markets began coverage on shares of Cheniere Energy in a report on Friday, September 19th. They set an “outperform” rating and a $268.00 price target for the company. Two equities research analysts have 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, the stock presently has a consensus rating of “Buy” and an average target price of $266.93.
Cheniere Energy Trading Down 2.3%
Shares of Cheniere Energy stock opened at $220.04 on Friday. The stock has a market capitalization of $48.36 billion, a PE ratio of 12.85 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 stock has a 50 day moving average price of $234.26 and a two-hundred day moving average price of $232.82. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98.
Cheniere Energy (NYSE:LNG – Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 EPS for the quarter, beating analysts’ consensus estimates of $2.35 by $4.95. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The business had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.48 billion. During the same quarter in the previous year, the business posted $3.84 EPS. Cheniere Energy’s quarterly revenue was up 42.8% on a year-over-year basis. As a group, equities analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal 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.
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