Stratos Investment Management LLC cut its position in shares of Cheniere Energy, Inc. (NYSE:LNG – Free Report) by 1.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,706 shares of the energy company’s stock after selling 294 shares during the quarter. Stratos Investment Management LLC’s holdings in Cheniere Energy were worth $5,773,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LNG. Oxbow Advisors LLC lifted its position in shares of Cheniere Energy by 0.3% during the 2nd quarter. Oxbow Advisors LLC now owns 24,917 shares of the energy company’s stock worth $6,068,000 after buying an additional 78 shares in the last quarter. Values First Advisors Inc. lifted its holdings in Cheniere Energy by 9.4% during the second quarter. Values First Advisors Inc. now owns 2,043 shares of the energy company’s stock worth $497,000 after acquiring an additional 175 shares during the period. Nordea Investment Management AB boosted its position in Cheniere Energy by 3.9% in the second quarter. Nordea Investment Management AB now owns 109,285 shares of the energy company’s stock worth $26,360,000 after purchasing an additional 4,083 shares during the last quarter. Commons Capital LLC grew its stake in Cheniere Energy by 13.6% in the 2nd quarter. Commons Capital LLC now owns 2,562 shares of the energy company’s stock valued at $624,000 after purchasing an additional 307 shares during the period. Finally, Activest Wealth Management grew its stake in Cheniere Energy by 2,240.0% in the 2nd quarter. Activest Wealth Management now owns 234 shares of the energy company’s stock valued at $57,000 after purchasing an additional 224 shares during the period. Hedge funds and other institutional investors own 87.26% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently commented on LNG shares. TD Cowen lifted their target price on Cheniere Energy from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Mizuho lifted their price objective on shares of Cheniere Energy from $268.00 to $273.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Cowen reiterated a “buy” rating on shares of Cheniere Energy in a research note on Friday, August 8th. Bank of America increased their target price on shares of Cheniere Energy from $258.00 to $271.00 and gave the company a “buy” rating in a research report on Wednesday, June 25th. Finally, Zacks Research raised shares of Cheniere Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $266.93.
Cheniere Energy Stock Performance
NYSE LNG opened at $220.04 on Friday. The company’s 50 day moving average is $234.26 and its 200-day moving average is $232.82. Cheniere Energy, Inc. has a 12-month low of $180.62 and a 12-month high of $257.65. 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 firm has a market cap of $48.36 billion, a P/E ratio of 12.85 and a beta of 0.37.
Cheniere Energy (NYSE:LNG – Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The energy company reported $7.30 EPS for the quarter, topping 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 company had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.48 billion. During the same period last year, the firm earned $3.84 EPS. Cheniere Energy’s revenue for the quarter was up 42.8% on a year-over-year basis. Sell-side analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current 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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