Intech Investment Management LLC Has $8.27 Million Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Intech Investment Management LLC lifted its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 170.2% during the second quarter, Holdings Channel.com reports. The firm owned 47,301 shares of the energy company’s stock after purchasing an additional 29,797 shares during the period. Intech Investment Management LLC’s holdings in Cheniere Energy were worth $8,270,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Cheniere Energy by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 22,529,191 shares of the energy company’s stock worth $3,845,958,000 after purchasing an additional 151,311 shares during the period. Tortoise Capital Advisors L.L.C. raised its position in shares of Cheniere Energy by 9.2% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 3,242,899 shares of the energy company’s stock worth $566,956,000 after purchasing an additional 273,588 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Cheniere Energy by 13.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,980,767 shares of the energy company’s stock worth $346,268,000 after purchasing an additional 240,427 shares during the period. Canada Pension Plan Investment Board raised its position in shares of Cheniere Energy by 10.9% during the first quarter. Canada Pension Plan Investment Board now owns 1,960,944 shares of the energy company’s stock worth $316,261,000 after purchasing an additional 192,934 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its position in shares of 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 purchasing an additional 1,834,347 shares during the period. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Stock Down 0.8 %

Shares of NYSE:LNG opened at $180.61 on Friday. The company has a market capitalization of $41.34 billion, a PE ratio of 8.80 and a beta of 0.95. 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 business has a fifty day moving average price of $180.76 and a two-hundred day moving average price of $167.71. Cheniere Energy, Inc. has a 1 year low of $152.31 and a 1 year high of $187.44.

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

Cheniere Energy declared that its board has authorized a stock repurchase program on Monday, June 17th that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the energy company to reacquire up to 9.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on LNG shares. Barclays upped their target price on 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 upped their price target on Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, June 17th. Stifel Nicolaus decreased their price target on 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 set an “outperform” rating for the company. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.