Raab & Moskowitz Asset Management LLC Makes New $201,000 Investment in Cheniere Energy, Inc. (NYSE:LNG)

Raab & Moskowitz Asset Management LLC acquired a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,150 shares of the energy company’s stock, valued at approximately $201,000.

Several other institutional investors and hedge funds have also modified their holdings of LNG. Lighthouse Investment Partners LLC purchased a new position in Cheniere Energy during the second quarter valued at approximately $524,000. The Manufacturers Life Insurance Company lifted its stake in shares of Cheniere Energy by 8.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,270,853 shares of the energy company’s stock valued at $921,503,000 after purchasing an additional 413,744 shares during the period. Maverick Capital Ltd. boosted its holdings in Cheniere Energy by 88.3% during the second quarter. Maverick Capital Ltd. now owns 8,872 shares of the energy company’s stock worth $1,551,000 after buying an additional 4,161 shares in the last quarter. Darlington Partners Capital Management LP grew its position in Cheniere Energy by 74.6% during the second quarter. Darlington Partners Capital Management LP now owns 1,514,155 shares of the energy company’s stock valued at $264,720,000 after buying an additional 647,096 shares during the period. Finally, Decade Renewable Partners LP increased its holdings in Cheniere Energy by 109.3% in the second quarter. Decade Renewable Partners LP now owns 31,400 shares of the energy company’s stock valued at $5,490,000 after buying an additional 16,400 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

Shares of Cheniere Energy stock opened at $179.56 on Friday. The business’s 50 day moving average price is $180.79 and its 200 day moving average price is $168.43. The company has a market cap of $40.63 billion, a price-to-earnings ratio of 8.75 and a beta of 0.95. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.93 and a current ratio of 1.02. Cheniere Energy, Inc. has a one year low of $152.31 and a one year high of $187.44.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, August 8th. The energy company reported $3.84 EPS for the quarter, topping analysts’ consensus estimates 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 firm earned $5.61 earnings per share. Cheniere Energy’s quarterly revenue was down 19.6% compared to the same quarter last year. On average, research analysts predict that Cheniere Energy, Inc. will post 9.74 EPS for the current year.

Cheniere Energy announced that its Board of Directors has initiated a stock repurchase 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 often an indication that the company’s management believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. TD Cowen raised their target price on Cheniere Energy from $178.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, June 17th. Barclays boosted their price objective on Cheniere Energy from $194.00 to $199.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. Stifel Nicolaus decreased their target price 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. Finally, Sanford C. Bernstein started coverage on shares of Cheniere Energy in a report on Monday, June 24th. They issued an “outperform” rating for the company. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $196.25.

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.