Cheniere Energy, Inc. $LNG Shares Sold by Copeland Capital Management LLC

Copeland Capital Management LLC lowered its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 0.6% in the second quarter, HoldingsChannel.com reports. The fund owned 40,797 shares of the energy company’s stock after selling 254 shares during the quarter. Copeland Capital Management LLC’s holdings in Cheniere Energy were worth $9,935,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Cheniere Energy by 0.3% during the first quarter. Vanguard Group Inc. now owns 20,937,749 shares of the energy company’s stock worth $4,844,995,000 after acquiring an additional 54,801 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in 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 worth $1,078,450,000 after acquiring an additional 534,033 shares during the last quarter. Invesco Ltd. raised its position in Cheniere Energy by 7.9% during the first quarter. Invesco Ltd. now owns 3,492,443 shares of the energy company’s stock worth $808,151,000 after acquiring an additional 255,140 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Cheniere Energy by 12.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,185,605 shares of the energy company’s stock worth $737,149,000 after acquiring an additional 359,435 shares during the last quarter. Finally, Amundi raised its position in Cheniere Energy by 0.3% during the first quarter. Amundi now owns 2,703,299 shares of the energy company’s stock worth $595,245,000 after acquiring an additional 7,297 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analysts Set New Price Targets

LNG has been the subject of a number of recent research reports. Mizuho lifted their price target on shares of Cheniere Energy from $268.00 to $273.00 and gave the stock an “outperform” rating in a report on Friday, August 29th. Barclays reiterated an “overweight” rating and set a $262.00 price target (up from $253.00) on shares of Cheniere Energy in a report on Tuesday, July 15th. TD Cowen lifted their price target on shares of Cheniere Energy from $265.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Jefferies Financial Group set a $288.00 price target on shares of Cheniere Energy and gave the stock a “buy” rating in a report on Thursday, June 26th. Finally, Wells Fargo & Company lifted their price target on shares of Cheniere Energy from $267.00 to $284.00 and gave the stock an “overweight” rating in a report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Cheniere Energy currently has a consensus rating of “Buy” and an average price target of $263.60.

Cheniere Energy Price Performance

Cheniere Energy stock opened at $232.15 on Friday. Cheniere Energy, Inc. has a 1 year low of $180.62 and a 1 year high of $257.65. The firm has a 50 day moving average price of $235.51 and a 200 day moving average price of $232.86. The company has a market cap of $51.02 billion, a price-to-earnings ratio of 13.55 and a beta of 0.37. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.35 by $4.95. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. 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 earned $3.84 earnings per share. Cheniere Energy’s revenue was up 42.8% compared to the same quarter last year. Sell-side analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

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.