Hobbs Group Advisors LLC Sells 100 Shares of Cheniere Energy, Inc. $LNG

Hobbs Group Advisors LLC reduced its stake in Cheniere Energy, Inc. (NYSE:LNG) by 3.4% in the second quarter, Holdings Channel.com reports. The institutional investor owned 2,874 shares of the energy company’s stock after selling 100 shares during the period. Hobbs Group Advisors LLC’s holdings in Cheniere Energy were worth $700,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of LNG. Kingstone Capital Partners Texas LLC bought a new position in Cheniere Energy in the second quarter worth about $384,806,000. Nuveen LLC bought a new position in Cheniere Energy in the first quarter worth about $294,793,000. Massachusetts Financial Services Co. MA raised its stake in Cheniere Energy by 12.9% in 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 buying an additional 534,033 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in 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 in the last quarter. Finally, Royal Bank of Canada raised its stake in Cheniere Energy by 25.7% in the first quarter. Royal Bank of Canada now owns 2,395,267 shares of the energy company’s stock worth $554,265,000 after buying an additional 488,994 shares in the last quarter. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Trading Down 1.7%

NYSE:LNG opened at $227.56 on Friday. The company’s 50 day moving average price is $235.33 and its 200-day moving average price is $232.94. Cheniere Energy, Inc. has a 52 week low of $180.62 and a 52 week high of $257.65. The company has a quick ratio of 0.85, a current ratio of 0.98 and a debt-to-equity ratio of 1.96. The stock has a market cap of $50.01 billion, a price-to-earnings ratio of 13.28 and a beta of 0.37.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 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 for the quarter, compared to analysts’ expectations of $4.48 billion. During the same quarter in the prior year, the company posted $3.84 earnings per share. The business’s revenue for the quarter was up 42.8% on a year-over-year basis. On average, equities research analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on LNG shares. Cowen reissued a “buy” rating on shares of Cheniere Energy in a research note on Friday, August 8th. Barclays restated an “overweight” rating and issued a $262.00 price objective (up previously from $253.00) on shares of Cheniere Energy in a report on Tuesday, July 15th. Mizuho upped their price objective 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. Zacks Research upgraded shares of Cheniere Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Finally, Jefferies Financial Group set a $288.00 price objective on shares of Cheniere Energy and gave the stock a “buy” rating in a 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $263.60.

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.