Canada Pension Plan Investment Board Purchases 99,678 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Canada Pension Plan Investment Board boosted its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 5.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,060,622 shares of the energy company’s stock after buying an additional 99,678 shares during the period. Canada Pension Plan Investment Board owned approximately 0.90% of Cheniere Energy worth $360,259,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in LNG. Crewe Advisors LLC bought a new stake in shares of Cheniere Energy during the 1st quarter valued at about $26,000. MCF Advisors LLC purchased a new stake in Cheniere Energy in the second quarter valued at approximately $26,000. Lynx Investment Advisory purchased a new stake in Cheniere Energy in the second quarter valued at approximately $27,000. Carolinas Wealth Consulting LLC lifted its position in Cheniere Energy by 5,000.0% during the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock valued at $27,000 after purchasing an additional 150 shares during the last quarter. Finally, Cooksen Wealth LLC purchased a new position in Cheniere Energy in the 4th quarter worth approximately $28,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Cheniere Energy Stock Up 1.2 %

LNG opened at $182.24 on Friday. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month high of $187.44. The company has a current ratio of 1.02, a quick ratio of 0.93 and a debt-to-equity ratio of 2.63. The business’s 50-day moving average price is $180.70 and its 200-day moving average price is $167.52. The company has a market cap of $41.72 billion, a P/E ratio of 8.88 and a beta of 0.95.

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

Cheniere Energy announced that its board has approved a share buyback plan on Monday, June 17th that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the energy company to repurchase up to 9.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s leadership believes its stock is undervalued.

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.