Mutual Advisors LLC Buys 914 Shares of Cheniere Energy, Inc. $LNG

Mutual Advisors LLC increased its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 11.8% during the 2nd quarter, Holdings Channel reports. The fund owned 8,685 shares of the energy company’s stock after acquiring an additional 914 shares during the period. Mutual Advisors LLC’s holdings in Cheniere Energy were worth $1,957,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in 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 acquiring an additional 54,801 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Cheniere Energy by 12.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,660,545 shares of the energy company’s stock worth $1,078,450,000 after acquiring an additional 534,033 shares in the last quarter. Invesco Ltd. boosted its stake in Cheniere Energy by 7.9% during the first quarter. Invesco Ltd. now owns 3,492,443 shares of the energy company’s stock worth $808,151,000 after acquiring an additional 255,140 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Cheniere Energy by 12.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,185,605 shares of the energy company’s stock worth $737,149,000 after acquiring an additional 359,435 shares in the last quarter. Finally, Amundi boosted its stake in Cheniere Energy by 0.3% during 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 in the last quarter. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Stock Down 2.3%

LNG opened at $220.04 on Friday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85. The company’s 50-day moving average is $234.26 and its 200 day moving average is $232.82. Cheniere Energy, Inc. has a fifty-two week low of $180.62 and a fifty-two week high of $257.65. The firm has a market capitalization of $48.36 billion, a P/E ratio of 12.85 and a beta of 0.37.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share 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 company had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.48 billion. During the same period last year, the firm earned $3.84 earnings per share. The firm’s revenue was up 42.8% on a year-over-year basis. Research analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on LNG shares. Bank of America increased their target price on shares of Cheniere Energy from $258.00 to $271.00 and gave the stock a “buy” rating in a research note on Wednesday, June 25th. Cowen reaffirmed a “buy” rating on shares of Cheniere Energy in a research note on Friday, August 8th. TD Cowen raised 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. BMO Capital Markets initiated coverage on shares of Cheniere Energy in a research note on Friday, September 19th. They issued an “outperform” rating and a $268.00 price objective on the stock. Finally, Jefferies Financial Group set a $288.00 price objective on shares of Cheniere Energy and gave the company a “buy” rating in a research note on Thursday, June 26th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Cheniere Energy presently has an average rating of “Buy” and a consensus price target of $266.93.

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.