3,000 Shares in Cheniere Energy, Inc. (NYSE:LNG) Purchased by Lighthouse Investment Partners LLC

Lighthouse Investment Partners LLC bought a new stake in Cheniere Energy, Inc. (NYSE:LNG) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,000 shares of the energy company’s stock, valued at approximately $524,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of LNG. Daiwa Securities Group Inc. grew its holdings in shares of Cheniere Energy by 27.1% in the 1st quarter. Daiwa Securities Group Inc. now owns 29,235 shares of the energy company’s stock worth $4,715,000 after acquiring an additional 6,235 shares during the period. Sei Investments Co. grew its holdings in Cheniere Energy by 6.7% in the first quarter. Sei Investments Co. now owns 187,236 shares of the energy company’s stock valued at $30,198,000 after purchasing an additional 11,800 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S grew its holdings in Cheniere Energy by 103.3% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 31,577 shares of the energy company’s stock valued at $5,093,000 after purchasing an additional 16,044 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Cheniere Energy by 215.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 62,551 shares of the energy company’s stock worth $10,936,000 after buying an additional 42,737 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC acquired a new position in shares of Cheniere Energy during the 1st quarter worth $818,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Stock Up 0.8 %

Shares of NYSE LNG opened at $179.63 on Friday. The firm has a market cap of $40.64 billion, a P/E 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 1 year low of $152.31 and a 1 year high of $187.44. The firm’s 50 day moving average price is $180.74 and its 200 day moving average price is $168.68.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, August 8th. The energy company reported $3.84 earnings per share (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 analysts’ expectations 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 was down 19.6% on a year-over-year basis. During the same quarter last year, the firm earned $5.61 earnings per share. As a group, sell-side analysts anticipate that Cheniere Energy, Inc. will post 9.74 earnings per share for the current year.

Cheniere Energy announced that its board has approved a stock repurchase plan on Monday, June 17th that allows the company to repurchase $4.00 billion in shares. This repurchase authorization allows the energy company to reacquire up to 9.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LNG. Barclays increased their price objective on shares of Cheniere Energy from $194.00 to $199.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. TD Cowen increased their price target on shares of Cheniere Energy from $178.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, June 17th. Sanford C. Bernstein assumed coverage on Cheniere Energy in a research report on Monday, June 24th. They set an “outperform” rating for the company. Finally, Stifel Nicolaus lowered their target price on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Cheniere Energy presently has an average rating of “Moderate Buy” and a consensus target price 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.