Blair William & Co. IL Purchases 96 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Blair William & Co. IL lifted its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 0.2% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 49,035 shares of the energy company’s stock after buying an additional 96 shares during the quarter. Blair William & Co. IL’s holdings in Cheniere Energy were worth $8,573,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of LNG. Massachusetts Financial Services Co. MA increased its position in Cheniere Energy by 1,490.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,957,451 shares of the energy company’s stock worth $342,221,000 after acquiring an additional 1,834,347 shares during the period. TD Asset Management Inc grew its position in shares of Cheniere Energy by 231.8% during the 1st quarter. TD Asset Management Inc now owns 1,338,752 shares of the energy company’s stock worth $215,914,000 after purchasing an additional 935,239 shares in the last quarter. Zimmer Partners LP increased its holdings in shares of Cheniere Energy by 61.4% during the first quarter. Zimmer Partners LP now owns 1,222,723 shares of the energy company’s stock worth $197,201,000 after purchasing an additional 465,000 shares during the period. Jupiter Asset Management Ltd. bought a new position in shares of Cheniere Energy during the first quarter worth approximately $70,682,000. Finally, BROOKFIELD Corp ON raised its position in shares of Cheniere Energy by 30.4% in the first quarter. BROOKFIELD Corp ON now owns 1,593,308 shares of the energy company’s stock valued at $256,969,000 after buying an additional 371,061 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Down 0.8 %

LNG stock opened at $180.61 on Friday. The stock has a market capitalization of $41.34 billion, a P/E ratio of 8.80 and a beta of 0.95. The company has a current ratio of 1.02, a quick ratio of 0.93 and a debt-to-equity ratio of 2.63. The firm has a 50-day moving average price of $180.76 and a 200-day moving average price of $167.71. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month high of $187.44.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, August 8th. The energy company reported $3.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $2.13. The firm had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.52 billion. Cheniere Energy had a net margin of 27.05% and a return on equity of 39.42%. The company’s quarterly revenue was down 19.6% on a year-over-year basis. During the same quarter last year, the business posted $5.61 earnings per share. As a group, equities research analysts anticipate that Cheniere Energy, Inc. will post 9.74 EPS for the current fiscal year.

Cheniere Energy declared that its Board of Directors has initiated a share repurchase program on Monday, June 17th that permits the company to repurchase $4.00 billion in shares. This repurchase authorization permits the energy company to reacquire up to 9.6% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LNG. TD Cowen raised their price objective on Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. Stifel Nicolaus decreased their price target on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Barclays upped their price objective on shares of Cheniere Energy from $194.00 to $199.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th. Finally, Sanford C. Bernstein initiated coverage on shares of Cheniere Energy in a report on Monday, June 24th. They issued an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $196.25.

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.