Asset Management One Co. Ltd. Cuts Stake in Cheniere Energy, Inc. $LNG

Asset Management One Co. Ltd. cut its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 9.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 85,794 shares of the energy company’s stock after selling 9,094 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Cheniere Energy were worth $20,893,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC bought a new position in shares of Cheniere Energy during the 2nd quarter valued at $384,806,000. Nuveen LLC purchased a new stake in Cheniere Energy during the first quarter valued at about $294,793,000. Massachusetts Financial Services Co. MA grew its stake in shares of Cheniere Energy by 12.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,660,545 shares of the energy company’s stock valued at $1,078,450,000 after buying an additional 534,033 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Cheniere Energy by 33.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,031,767 shares of the energy company’s stock worth $470,151,000 after buying an additional 504,960 shares during the period. Finally, Royal Bank of Canada lifted its stake in shares of Cheniere Energy by 25.7% in the 1st quarter. Royal Bank of Canada now owns 2,395,267 shares of the energy company’s stock valued at $554,265,000 after acquiring an additional 488,994 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Stock Down 0.9%

Shares of NYSE LNG opened at $219.55 on Friday. The firm has a fifty day simple moving average of $233.11 and a two-hundred day simple moving average of $233.29. Cheniere Energy, Inc. has a 12 month low of $181.59 and a 12 month high of $257.65. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of $48.25 billion, a PE ratio of 12.82 and a beta of 0.37.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $4.95. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The company had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.48 billion. During the same quarter in the previous year, the company earned $3.84 earnings per share. Cheniere Energy’s quarterly revenue was up 42.8% on a year-over-year basis. Equities analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Analyst Ratings Changes

LNG has been the topic of several recent research reports. Mizuho raised their price target on Cheniere Energy from $268.00 to $273.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Weiss Ratings restated a “buy (b)” rating on shares of Cheniere Energy in a report on Friday. Raymond James Financial reiterated a “strong-buy” rating and set a $278.00 price target (up from $275.00) on shares of Cheniere Energy in a report on Friday. BMO Capital Markets initiated 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, Wells Fargo & Company boosted their price objective on shares of Cheniere Energy from $267.00 to $284.00 and gave the company an “overweight” rating in a research report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $267.67.

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.