Vontobel Holding Ltd. Reduces Holdings in Cheniere Energy, Inc. $LNG

Vontobel Holding Ltd. trimmed its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 2.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,549 shares of the energy company’s stock after selling 488 shares during the quarter. Vontobel Holding Ltd.’s holdings in Cheniere Energy were worth $4,761,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Maryland State Retirement & Pension System boosted its stake in Cheniere Energy by 4.9% during the second quarter. Maryland State Retirement & Pension System now owns 210,590 shares of the energy company’s stock worth $51,283,000 after buying an additional 9,870 shares during the period. Spectrum Asset Management Inc. NB CA purchased a new stake in shares of Cheniere Energy during the second quarter valued at $1,511,000. Watershed Private Wealth LLC purchased a new stake in shares of Cheniere Energy during the second quarter valued at $202,000. Shell Asset Management Co. boosted its stake in shares of Cheniere Energy by 102.2% during the second quarter. Shell Asset Management Co. now owns 12,520 shares of the energy company’s stock valued at $3,049,000 after purchasing an additional 6,329 shares during the period. Finally, TriaGen Wealth Management LLC boosted its stake in shares of Cheniere Energy by 119.3% during the second quarter. TriaGen Wealth Management LLC now owns 18,594 shares of the energy company’s stock valued at $4,528,000 after purchasing an additional 10,115 shares during the period. 87.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LNG. Barclays reissued an “overweight” rating and set a $262.00 target price (up from $253.00) on shares of Cheniere Energy in a research note on Tuesday, July 15th. Mizuho boosted their target price on shares of Cheniere Energy from $268.00 to $273.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Cheniere Energy in a research note on Wednesday. Cowen reaffirmed a “buy” rating on shares of Cheniere Energy in a research note on Friday, August 8th. Finally, Bank of America upped their price objective 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. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of $263.60.

Cheniere Energy Stock Down 1.7%

NYSE:LNG opened at $227.56 on Friday. Cheniere Energy, Inc. has a 1-year low of $180.62 and a 1-year high of $257.65. The company has a 50-day moving average of $235.33 and a 200 day moving average of $232.94. The firm has a market cap of $50.01 billion, a PE ratio of 13.28 and a beta of 0.37. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, August 7th. The energy company reported $7.30 EPS for the quarter, topping analysts’ consensus estimates of $2.35 by $4.95. The business 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 firm’s revenue was up 42.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.84 earnings per share. As a group, research analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

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.