J.W. Cole Advisors Inc. Has $608,000 Stock Position in Cheniere Energy, Inc. (NYSE:LNG)

J.W. Cole Advisors Inc. trimmed its stake in Cheniere Energy, Inc. (NYSE:LNG) by 6.7% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,477 shares of the energy company’s stock after selling 250 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Cheniere Energy were worth $608,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in LNG. MCF Advisors LLC acquired a new position in Cheniere Energy during the second quarter worth $26,000. Lynx Investment Advisory bought a new position in shares of Cheniere Energy during the 2nd quarter worth approximately $27,000. Crewe Advisors LLC acquired a new position in shares of Cheniere Energy during the 1st quarter worth approximately $26,000. Cooksen Wealth LLC bought a new stake in Cheniere Energy in the 4th quarter valued at $28,000. Finally, Riverview Trust Co acquired a new stake in Cheniere Energy during the 1st quarter valued at $29,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

LNG has been the subject of several research reports. Barclays raised 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. TD Cowen increased their price objective on Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a research 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 research report on Friday, August 9th. Finally, Sanford C. Bernstein initiated coverage on shares of Cheniere Energy in a research report on Monday, June 24th. They set an “outperform” rating on the stock. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $196.25.

Cheniere Energy Trading Up 2.0 %

Shares of LNG stock opened at $182.72 on Tuesday. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $187.44. The stock’s fifty day simple moving average is $180.38 and its 200 day simple moving average is $167.15. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 2.63. 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 posted its earnings results on Thursday, August 8th. The energy company reported $3.84 EPS for the quarter, topping the consensus estimate of $1.71 by $2.13. The business had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.52 billion. Cheniere Energy had a net margin of 27.05% and a return on equity of 39.42%. The firm’s revenue was down 19.6% compared to the same quarter last year. During the same period last year, the company earned $5.61 EPS. As a group, sell-side analysts predict that Cheniere Energy, Inc. will post 9.74 EPS for the current fiscal year.

Cheniere Energy announced that its Board of Directors has approved a stock buyback plan on Monday, June 17th that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the energy company to purchase up to 9.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors 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.