Cheniere Energy, Inc. (NYSE:LNG) Position Raised by Sei Investments Co.

Sei Investments Co. lifted its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 0.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 187,313 shares of the energy company’s stock after purchasing an additional 77 shares during the period. Sei Investments Co. owned about 0.08% of Cheniere Energy worth $32,742,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of LNG. Signature Wealth Management Group raised its stake in Cheniere Energy by 1.4% during the 2nd quarter. Signature Wealth Management Group now owns 4,758 shares of the energy company’s stock valued at $832,000 after purchasing an additional 66 shares during the period. Capital Advisors Ltd. LLC raised its position in shares of Cheniere Energy by 57.6% during the second quarter. Capital Advisors Ltd. LLC now owns 186 shares of the energy company’s stock valued at $33,000 after buying an additional 68 shares during the last quarter. E&G Advisors LP increased its position in shares of Cheniere Energy by 5.2% during the first quarter. E&G Advisors LP now owns 1,420 shares of the energy company’s stock valued at $229,000 after purchasing an additional 70 shares during the period. Syon Capital LLC increased its holdings in Cheniere Energy by 4.7% in the 4th quarter. Syon Capital LLC now owns 1,618 shares of the energy company’s stock valued at $276,000 after buying an additional 73 shares during the period. Finally, Accordant Advisory Group Inc increased its stake in Cheniere Energy by 0.4% in the second quarter. Accordant Advisory Group Inc now owns 19,383 shares of the energy company’s stock valued at $3,389,000 after acquiring an additional 76 shares during the period. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $182.38 on Tuesday. Cheniere Energy, Inc. has a one year low of $152.31 and a one year 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 stock has a market cap of $41.75 billion, a P/E ratio of 8.88 and a beta of 0.95. The company has a fifty day moving average price of $180.86 and a two-hundred day moving average price of $168.10.

Cheniere Energy (NYSE:LNG) last issued its quarterly 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. The business had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.52 billion. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. The firm’s revenue for the quarter was down 19.6% compared to the same quarter last year. During the same period in the previous year, the company posted $5.61 earnings per share. As a group, equities analysts predict that Cheniere Energy, Inc. will post 9.74 EPS for the current year.

Cheniere Energy announced that its Board of Directors has approved a share buyback plan on Monday, June 17th that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits 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 management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LNG. Barclays upped their target price on shares of Cheniere Energy from $194.00 to $199.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. TD Cowen raised their price objective on shares of Cheniere Energy from $178.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Sanford C. Bernstein assumed coverage on Cheniere Energy in a report on Monday, June 24th. They set an “outperform” rating on the stock. Finally, Stifel Nicolaus decreased their price target 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. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, Cheniere Energy presently has a consensus rating of “Moderate Buy” and an average target price of $196.25.

Cheniere Energy 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.