CENTRAL TRUST Co Sells 2,606 Shares of Cheniere Energy, Inc. (NYSE:LNG)

CENTRAL TRUST Co cut its stake in Cheniere Energy, Inc. (NYSE:LNG) by 19.4% in the 3rd quarter, Holdings Channel reports. The firm owned 10,807 shares of the energy company’s stock after selling 2,606 shares during the period. CENTRAL TRUST Co’s holdings in Cheniere Energy were worth $1,944,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Daiwa Securities Group Inc. raised its stake in Cheniere Energy by 27.1% in the first quarter. Daiwa Securities Group Inc. now owns 29,235 shares of the energy company’s stock worth $4,715,000 after buying an additional 6,235 shares in the last quarter. Sei Investments Co. boosted its position in shares of Cheniere Energy by 6.7% during 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 in the last quarter. BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Cheniere Energy by 103.3% during 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 in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Cheniere Energy by 215.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 62,551 shares of the energy company’s stock worth $10,936,000 after purchasing an additional 42,737 shares during the period. Finally, Silvercrest Asset Management Group LLC bought a new position in Cheniere Energy in the first quarter worth $818,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Stock Up 1.9 %

LNG stock opened at $186.42 on Friday. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.02 and a quick ratio of 0.93. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $193.16. The stock has a market capitalization of $42.67 billion, a P/E ratio of 9.08 and a beta of 0.94. The business has a fifty day moving average price of $183.05 and a 200-day moving average price of $171.95.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, August 8th. The energy company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.83 by $0.12. The business had revenue of $1.89 billion during the quarter, compared to analyst estimates of $2.04 billion. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. Equities analysts forecast that Cheniere Energy, Inc. will post 9.76 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on LNG shares. Royal Bank of Canada upped their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Bank of America began coverage on shares of Cheniere Energy in a research note on Thursday, October 17th. They set a “buy” rating and a $215.00 target price for the company. Barclays boosted their price target on Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 15th. Finally, Stifel Nicolaus reduced their price objective on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Cheniere Energy has a consensus rating of “Moderate Buy” and an average target price of $200.00.

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.