OFI Invest Asset Management Lowers Stock Position in Cheniere Energy, Inc. $LNG

OFI Invest Asset Management lessened its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 4.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,573 shares of the energy company’s stock after selling 315 shares during the quarter. OFI Invest Asset Management’s holdings in Cheniere Energy were worth $1,844,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Personalized Indexing Management LLC lifted its position in shares of Cheniere Energy by 13.6% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 24,932 shares of the energy company’s stock valued at $6,073,000 after acquiring an additional 2,984 shares during the period. Concurrent Investment Advisors LLC lifted its position in shares of Cheniere Energy by 11.0% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 5,992 shares of the energy company’s stock valued at $1,459,000 after acquiring an additional 592 shares during the period. Johnson Investment Counsel Inc. lifted its position in shares of Cheniere Energy by 11.9% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 1,018 shares of the energy company’s stock valued at $248,000 after acquiring an additional 108 shares during the period. waypoint wealth counsel acquired a new stake in shares of Cheniere Energy during the 2nd quarter valued at approximately $289,000. Finally, Apollon Wealth Management LLC acquired a new stake in shares of Cheniere Energy during the 2nd quarter valued at approximately $344,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Bank of America lifted their price target on shares of Cheniere Energy from $258.00 to $271.00 and gave the company a “buy” rating in a research report on Wednesday, June 25th. Scotiabank reiterated an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. Weiss Ratings reiterated a “buy (b)” rating on shares of Cheniere Energy in a research report on Wednesday. BMO Capital Markets assumed coverage on shares of Cheniere Energy in a research report on Friday, September 19th. They set an “outperform” rating and a $268.00 price target for the company. Finally, Jefferies Financial Group set a $288.00 price target on shares of Cheniere Energy and gave the company a “buy” rating in a research report on Thursday, June 26th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $263.60.

Cheniere Energy Trading Down 1.7%

Shares of Cheniere Energy stock opened at $227.56 on Friday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85. Cheniere Energy, Inc. has a 1 year low of $180.62 and a 1 year high of $257.65. The company has a market capitalization of $50.01 billion, a P/E ratio of 13.28 and a beta of 0.37. The business has a 50 day moving average price of $235.33 and a 200 day moving average price of $232.94.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, August 7th. The energy company reported $7.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $4.95. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The firm had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.48 billion. During the same period in the previous year, the firm posted $3.84 EPS. The company’s quarterly revenue was up 42.8% compared to the same quarter last year. Sell-side analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

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.