Cheniere Energy, Inc. $LNG Stock Holdings Lifted by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC lifted its position in Cheniere Energy, Inc. (NYSE:LNG) by 30.9% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 5,573 shares of the energy company’s stock after buying an additional 1,314 shares during the quarter. Focus Partners Advisor Solutions LLC’s holdings in Cheniere Energy were worth $1,357,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in LNG. Kingstone Capital Partners Texas LLC purchased a new position in shares of Cheniere Energy in the second quarter worth approximately $384,806,000. Nuveen LLC purchased a new position in shares of Cheniere Energy in the first quarter worth approximately $294,793,000. Massachusetts Financial Services Co. MA increased its position in shares of Cheniere Energy by 12.9% in 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Cheniere Energy by 33.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,031,767 shares of the energy company’s stock worth $470,151,000 after acquiring an additional 504,960 shares in the last quarter. Finally, Royal Bank of Canada increased its position in shares of Cheniere Energy by 25.7% in the first quarter. Royal Bank of Canada now owns 2,395,267 shares of the energy company’s stock worth $554,265,000 after acquiring an additional 488,994 shares in the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Stock Performance

LNG stock opened at $219.84 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 0.98 and a debt-to-equity ratio of 1.96. The company has a market capitalization of $48.31 billion, a price-to-earnings ratio of 12.83 and a beta of 0.37. Cheniere Energy, Inc. has a 12 month low of $181.59 and a 12 month high of $257.65. The firm has a 50 day moving average of $232.90 and a two-hundred day moving average of $233.42.

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 company had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.48 billion. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The company’s revenue for the quarter was up 42.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.84 earnings per share. As a group, equities analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LNG has been the topic of several analyst reports. Scotiabank reissued an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. Raymond James Financial reaffirmed a “strong-buy” rating and set a $278.00 price objective (up from $275.00) on shares of Cheniere Energy in a research report on Friday. Mizuho boosted their price objective on shares of Cheniere Energy from $268.00 to $273.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. BMO Capital Markets initiated coverage on shares of Cheniere Energy in a research report on Friday, September 19th. They set an “outperform” rating and a $268.00 price objective on the stock. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cheniere Energy in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $267.67.

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.