Cheniere Energy, Inc. $LNG Shares Sold by GoalVest Advisory LLC

GoalVest Advisory LLC lessened its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 1.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,900 shares of the energy company’s stock after selling 100 shares during the quarter. GoalVest Advisory LLC’s holdings in Cheniere Energy were worth $1,680,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in LNG. Kingstone Capital Partners Texas LLC acquired a new position in shares of Cheniere Energy in the 2nd quarter worth approximately $384,806,000. Nuveen LLC acquired a new position in shares of Cheniere Energy in the 1st quarter worth approximately $294,793,000. Massachusetts Financial Services Co. MA grew its position in shares of Cheniere Energy by 12.9% in the 1st 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 in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Cheniere Energy by 33.1% in the 1st 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 acquiring an additional 504,960 shares in the last quarter. Finally, Royal Bank of Canada grew its position 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 worth $554,265,000 after acquiring an additional 488,994 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Trading Down 0.9%

NYSE:LNG opened at $219.55 on Monday. Cheniere Energy, Inc. has a 12-month low of $181.59 and a 12-month high of $257.65. The firm has a market capitalization of $48.25 billion, a P/E ratio of 12.82 and a beta of 0.37. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85. The business has a 50 day simple moving average of $233.11 and a 200 day simple moving average of $233.40.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share for the quarter, beating the consensus estimate of $2.35 by $4.95. The firm had revenue of $4.64 billion for the quarter, compared to the consensus estimate 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 in the previous year, the business earned $3.84 EPS. Equities research analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on LNG shares. Mizuho lifted their target price on Cheniere Energy from $268.00 to $273.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Cowen reiterated a “buy” rating on shares of Cheniere Energy in a research report on Friday, August 8th. Zacks Research upgraded Cheniere Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Weiss Ratings restated a “buy (b)” rating on shares of Cheniere Energy in a research report on Friday. Finally, Scotiabank restated an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $267.67.

Cheniere Energy Company 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.