J. Safra Sarasin Holding AG Sells 235 Shares of Cheniere Energy, Inc. $LNG

J. Safra Sarasin Holding AG lessened its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 4.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,962 shares of the energy company’s stock after selling 235 shares during the period. J. Safra Sarasin Holding AG’s holdings in Cheniere Energy were worth $1,208,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of LNG. Brighton Jones LLC bought a new stake in Cheniere Energy during the fourth quarter worth about $335,000. Gateway Investment Advisers LLC increased its position in Cheniere Energy by 6.7% during the first quarter. Gateway Investment Advisers LLC now owns 51,781 shares of the energy company’s stock worth $11,982,000 after buying an additional 3,252 shares during the last quarter. Godsey & Gibb Inc. increased its position in Cheniere Energy by 12.1% during the first quarter. Godsey & Gibb Inc. now owns 600 shares of the energy company’s stock worth $139,000 after buying an additional 65 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in Cheniere Energy during the first quarter worth approximately $405,000. Finally, Regent Peak Wealth Advisors LLC acquired a new position in Cheniere Energy during the first quarter worth approximately $212,000. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Price Performance

Cheniere Energy stock opened at $232.15 on Friday. Cheniere Energy, Inc. has a 12 month low of $180.62 and a 12 month high of $257.65. The stock’s 50 day moving average is $235.51 and its 200-day moving average is $232.89. 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 company has a market capitalization of $51.02 billion, a price-to-earnings ratio of 13.55 and a beta of 0.37.

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

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Cheniere Energy in a research report on Saturday, September 27th. TD Cowen boosted their price target on Cheniere Energy from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Bank of America boosted their price target on Cheniere Energy from $258.00 to $271.00 and gave the stock a “buy” rating in a research report on Wednesday, June 25th. Mizuho boosted 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. Finally, Scotiabank reissued an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $263.60.

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.