Mercer Global Advisors Inc. ADV Grows Position in Cheniere Energy, Inc. (NYSE:LNG)

Mercer Global Advisors Inc. ADV boosted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 6.9% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,901 shares of the energy company’s stock after acquiring an additional 3,270 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Cheniere Energy were worth $9,022,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Crewe Advisors LLC bought a new position in shares of Cheniere Energy during the 1st quarter valued at about $26,000. MCF Advisors LLC bought a new position in Cheniere Energy during the second quarter valued at approximately $26,000. Lynx Investment Advisory purchased a new position in Cheniere Energy during the 2nd quarter valued at approximately $27,000. Cooksen Wealth LLC bought a new stake in Cheniere Energy in the 4th quarter worth approximately $28,000. Finally, Riverview Trust Co purchased a new stake in shares of Cheniere Energy during the 1st quarter worth approximately $29,000. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Stock Performance

Shares of NYSE:LNG opened at $182.24 on Friday. 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 company has a market capitalization of $41.72 billion, a price-to-earnings ratio of 8.88 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 firm’s 50-day moving average is $180.70 and its 200 day moving average is $167.52.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, August 8th. The energy company reported $3.84 earnings per share 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 firm had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.52 billion. During the same period in the prior year, the business posted $5.61 earnings per share. The company’s revenue for the quarter was down 19.6% on a year-over-year basis. Research analysts predict that Cheniere Energy, Inc. will post 9.74 EPS for the current year.

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Stifel Nicolaus cut their target price on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a report on Friday, August 9th. TD Cowen boosted their target price on shares of Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, June 17th. Barclays increased their price target on shares of Cheniere Energy from $194.00 to $199.00 and gave the company an “overweight” rating in a report on Wednesday, July 17th. Finally, Sanford C. Bernstein started coverage on Cheniere Energy in a research note on Monday, June 24th. They set an “outperform” rating on the stock. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $196.25.

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.