Gables Capital Management Inc. Increases Stock Holdings in Cheniere Energy, Inc. $LNG

Gables Capital Management Inc. increased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 51.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,820 shares of the energy company’s stock after buying an additional 620 shares during the quarter. Gables Capital Management Inc.’s holdings in Cheniere Energy were worth $443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LNG. Brighton Jones LLC purchased a new position in Cheniere Energy during the 4th quarter worth $335,000. GAMMA Investing LLC grew its stake in Cheniere Energy by 9.5% during the 1st quarter. GAMMA Investing LLC now owns 1,479 shares of the energy company’s stock worth $342,000 after buying an additional 128 shares during the last quarter. Johnson Investment Counsel Inc. purchased a new position in Cheniere Energy during the 1st quarter worth $211,000. Blue Trust Inc. grew its stake in Cheniere Energy by 11.3% during the 1st quarter. Blue Trust Inc. now owns 600 shares of the energy company’s stock worth $139,000 after buying an additional 61 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its stake in Cheniere Energy by 47.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 39,017 shares of the energy company’s stock worth $9,028,000 after buying an additional 12,539 shares during the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Stock Up 0.4%

Shares of LNG opened at $222.18 on Wednesday. Cheniere Energy, Inc. has a 52 week low of $180.77 and a 52 week 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 company has a market capitalization of $48.83 billion, a price-to-earnings ratio of 12.97 and a beta of 0.37. The stock’s 50-day moving average price is $233.68 and its 200-day moving average price is $232.91.

Cheniere Energy (NYSE:LNG) last issued 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. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The firm had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.48 billion. During the same quarter in the prior year, the business earned $3.84 earnings per share. The company’s revenue was up 42.8% compared to the same quarter last year. On average, sell-side analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on LNG shares. Barclays restated 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. Cowen reiterated a “buy” rating on shares of Cheniere Energy in a research note on Friday, August 8th. Zacks Research upgraded Cheniere Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Jefferies Financial Group set a $288.00 price target on Cheniere Energy and gave the company a “buy” rating in a research note on Thursday, June 26th. Finally, BMO Capital Markets started coverage on Cheniere Energy in a research note on Friday, September 19th. They set an “outperform” rating and a $268.00 price target on the stock. Two research analysts have 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 data from MarketBeat.com, the stock has an average rating of “Buy” and an average 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.