Cheniere Energy, Inc. $LNG Shares Bought by Cidel Asset Management Inc.

Cidel Asset Management Inc. increased its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 6.8% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 946 shares of the energy company’s stock after buying an additional 60 shares during the period. Cidel Asset Management Inc.’s holdings in Cheniere Energy were worth $230,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. American Century Companies Inc. grew its stake in shares of Cheniere Energy by 27.6% during the 1st quarter. American Century Companies Inc. now owns 1,304,253 shares of the energy company’s stock worth $301,804,000 after purchasing an additional 282,050 shares during the period. Thompson Davis & CO. Inc. acquired a new stake in shares of Cheniere Energy during the 1st quarter worth approximately $529,000. Kayne Anderson Capital Advisors LP grew its stake in shares of Cheniere Energy by 7.6% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 1,494,901 shares of the energy company’s stock worth $345,920,000 after purchasing an additional 105,875 shares during the period. Fractal Investments LLC grew its stake in shares of Cheniere Energy by 27.7% during the 1st quarter. Fractal Investments LLC now owns 75,585 shares of the energy company’s stock worth $17,490,000 after purchasing an additional 16,385 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of Cheniere Energy by 7.5% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,505 shares of the energy company’s stock worth $5,439,000 after purchasing an additional 1,630 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Trading Up 1.0%

Shares of LNG stock opened at $221.20 on Tuesday. The stock’s fifty day moving average is $233.84 and its two-hundred day moving average is $232.98. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98. The firm has a market capitalization of $48.61 billion, a P/E ratio of 12.91 and a beta of 0.37. Cheniere Energy, Inc. has a fifty-two week low of $180.62 and a fifty-two week high of $257.65.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on LNG shares. TD Cowen raised their price objective on shares of Cheniere Energy from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Cowen reaffirmed a “buy” rating on shares of Cheniere Energy in a research note on Friday, August 8th. BMO Capital Markets began coverage on shares of Cheniere Energy in a research note on Friday, September 19th. They issued an “outperform” rating and a $268.00 price target on the stock. Barclays reissued an “overweight” rating and issued a $262.00 price target (up previously from $253.00) on shares of Cheniere Energy in a research note on Tuesday, July 15th. Finally, Wells Fargo & Company lifted their price target on shares of Cheniere Energy from $267.00 to $284.00 and gave the company an “overweight” rating in a research note 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 issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $266.93.

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.