Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. lessened its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 1.6% in the second quarter, according to its most recent filing with the SEC. The fund owned 18,769 shares of the energy company’s stock after selling 312 shares during the period. Edgestream Partners L.P.’s holdings in Cheniere Energy were worth $3,281,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Daiwa Securities Group Inc. lifted its holdings in shares of Cheniere Energy by 27.1% during the first quarter. Daiwa Securities Group Inc. now owns 29,235 shares of the energy company’s stock valued at $4,715,000 after purchasing an additional 6,235 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Cheniere Energy during the fourth quarter valued at about $852,000. Sei Investments Co. boosted its holdings in shares of Cheniere Energy by 6.7% in the first quarter. Sei Investments Co. now owns 187,236 shares of the energy company’s stock worth $30,198,000 after buying an additional 11,800 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Cheniere Energy by 103.3% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 31,577 shares of the energy company’s stock worth $5,093,000 after acquiring an additional 16,044 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Cheniere Energy by 215.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 62,551 shares of the energy company’s stock valued at $10,936,000 after acquiring an additional 42,737 shares during the period. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Price Performance

NYSE LNG opened at $180.10 on Thursday. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 2.63. The stock has a market capitalization of $41.23 billion, a PE ratio of 8.77 and a beta of 0.95. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $187.44. The company has a 50 day moving average price of $180.58 and a two-hundred day moving average price of $167.41.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Thursday, August 8th. The energy company reported $3.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $2.13. The business had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.52 billion. Cheniere Energy had a net margin of 27.05% and a return on equity of 39.42%. Cheniere Energy’s quarterly revenue was down 19.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.61 EPS. As a group, equities analysts predict that Cheniere Energy, Inc. will post 9.74 earnings per share for the current fiscal year.

Cheniere Energy declared that its Board of Directors has authorized a share buyback plan on Monday, June 17th that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the energy company to purchase up to 9.6% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on LNG shares. Stifel Nicolaus lowered their price objective on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. TD Cowen upped their price target on Cheniere Energy from $178.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, June 17th. Barclays raised their price objective on Cheniere Energy from $194.00 to $199.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th. Finally, Sanford C. Bernstein assumed coverage on Cheniere Energy in a report on Monday, June 24th. They issued an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $196.25.

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.