Cheniere Energy, Inc. (NYSE:LNG) Shares Bought by LPL Financial LLC

LPL Financial LLC raised its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 5.8% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 199,187 shares of the energy company’s stock after buying an additional 10,935 shares during the period. LPL Financial LLC’s holdings in Cheniere Energy were worth $34,824,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in LNG. Crewe Advisors LLC bought a new stake in Cheniere Energy during the first quarter worth approximately $26,000. MCF Advisors LLC acquired a new position in shares of Cheniere Energy during the 2nd quarter valued at $26,000. Lynx Investment Advisory bought a new stake in shares of Cheniere Energy in the 2nd quarter worth $27,000. Cooksen Wealth LLC acquired a new stake in shares of Cheniere Energy in the fourth quarter valued at $28,000. Finally, Riverview Trust Co bought a new position in Cheniere Energy during the first quarter valued at about $29,000. 87.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have commented on LNG. Barclays boosted their price target 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. TD Cowen boosted their target price on shares of Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, June 17th. Stifel Nicolaus reduced their target price on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, Sanford C. Bernstein assumed coverage on Cheniere Energy in a report on Monday, June 24th. They issued an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $196.25.

Cheniere Energy Stock Up 2.0 %

LNG stock opened at $182.72 on Tuesday. The company’s 50 day simple moving average is $180.38 and its 200-day simple moving average is $167.15. Cheniere Energy, Inc. has a 52-week low of $152.31 and a 52-week high of $187.44. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.02 and a quick ratio of 0.93. The firm has a market capitalization of $41.83 billion, a P/E ratio of 8.90 and a beta of 0.95.

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

Cheniere Energy declared that its Board of Directors has approved a share buyback plan on Monday, June 17th that authorizes the company to buyback $4.00 billion in outstanding shares. This buyback authorization authorizes the energy company to repurchase up to 9.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

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.