Greenleaf Trust Has $990,000 Position in Cheniere Energy, Inc. $LNG

Greenleaf Trust lowered its position in Cheniere Energy, Inc. (NYSE:LNG) by 3.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,064 shares of the energy company’s stock after selling 148 shares during the period. Greenleaf Trust’s holdings in Cheniere Energy were worth $990,000 at the end of the most recent reporting period.

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

Cheniere Energy Stock Down 1.1%

LNG opened at $232.31 on Thursday. Cheniere Energy, Inc. has a fifty-two week low of $180.62 and a fifty-two week high of $257.65. 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 firm’s fifty day moving average price is $235.26 and its two-hundred day moving average price is $232.74. The company has a market capitalization of $51.05 billion, a P/E ratio of 13.56 and a beta of 0.37.

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

Analysts Set New Price Targets

A number of research analysts recently issued reports on LNG shares. TD Cowen raised their target price 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. Scotiabank reaffirmed an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. Barclays reaffirmed an “overweight” rating and issued a $262.00 price target (up from $253.00) on shares of Cheniere Energy in a research report on Tuesday, July 15th. Cowen reaffirmed a “buy” rating on shares of Cheniere Energy in a report on Friday, August 8th. Finally, Wells Fargo & Company raised their target price on Cheniere Energy from $267.00 to $284.00 and gave the company an “overweight” rating in a report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, Cheniere Energy has an average rating of “Buy” and a consensus price target 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.