IFM Investors Pty Ltd Lowers Stake in Cheniere Energy, Inc. (NYSE:LNG)

IFM Investors Pty Ltd trimmed its position in Cheniere Energy, Inc. (NYSE:LNG) by 3.1% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,532 shares of the energy company’s stock after selling 2,404 shares during the quarter. IFM Investors Pty Ltd’s holdings in Cheniere Energy were worth $13,404,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of LNG. Crewe Advisors LLC acquired a new position in Cheniere Energy during the first quarter valued at approximately $26,000. MCF Advisors LLC acquired a new stake in Cheniere Energy in the 2nd quarter valued at $26,000. Lynx Investment Advisory purchased a new position in Cheniere Energy in the second quarter valued at about $27,000. Carolinas Wealth Consulting LLC boosted its position in shares of Cheniere Energy by 5,000.0% in the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock worth $27,000 after buying an additional 150 shares during the period. Finally, Moisand Fitzgerald Tamayo LLC purchased a new stake in shares of Cheniere Energy in the third quarter worth about $27,000. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $186.42 on Friday. The company has a current ratio of 1.02, a quick ratio of 0.93 and a debt-to-equity ratio of 2.63. The company has a market capitalization of $42.67 billion, a price-to-earnings ratio of 9.08 and a beta of 0.94. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $193.16. The business has a 50 day simple moving average of $183.05 and a 200-day simple moving average of $171.95.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, August 8th. The energy company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.12. Cheniere Energy had a net margin of 27.05% and a return on equity of 39.42%. The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $2.04 billion. As a group, equities research analysts expect that Cheniere Energy, Inc. will post 9.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LNG. Bank of America began coverage on Cheniere Energy in a research report on Thursday, October 17th. They set a “buy” rating and a $215.00 price target on the stock. Stifel Nicolaus dropped their price target on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Barclays raised their target price on Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research note on Tuesday, October 15th. Finally, Royal Bank of Canada boosted their price target on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $200.00.

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.