Beddow Capital Management Inc. Sells 425 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Beddow Capital Management Inc. decreased its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 1.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,635 shares of the energy company’s stock after selling 425 shares during the period. Cheniere Energy accounts for about 2.8% of Beddow Capital Management Inc.’s portfolio, making the stock its 16th biggest holding. Beddow Capital Management Inc.’s holdings in Cheniere Energy were worth $6,405,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in LNG. PNC Financial Services Group Inc. boosted its stake in shares of Cheniere Energy by 2.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 12,866 shares of the energy company’s stock worth $2,196,000 after acquiring an additional 339 shares during the period. US Bancorp DE boosted its stake in Cheniere Energy by 23.8% during the fourth quarter. US Bancorp DE now owns 14,804 shares of the energy company’s stock valued at $2,527,000 after buying an additional 2,850 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Cheniere Energy by 1.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 61,635 shares of the energy company’s stock valued at $10,522,000 after buying an additional 1,120 shares during the last quarter. Intech Investment Management LLC boosted its stake in Cheniere Energy by 2.8% during the fourth quarter. Intech Investment Management LLC now owns 19,982 shares of the energy company’s stock valued at $3,411,000 after buying an additional 549 shares during the last quarter. Finally, Quarry LP boosted its stake in Cheniere Energy by 156.3% during the fourth quarter. Quarry LP now owns 305 shares of the energy company’s stock valued at $52,000 after buying an additional 186 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Stifel Nicolaus dropped their price target on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Barclays increased their price target on Cheniere Energy from $194.00 to $199.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. Sanford C. Bernstein began coverage on Cheniere Energy in a research note on Monday, June 24th. They set an “outperform” rating for the company. Finally, TD Cowen raised their price objective on Cheniere Energy from $178.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $196.25.

Cheniere Energy Trading Down 0.8 %

Shares of NYSE LNG opened at $180.61 on Friday. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.93 and a current ratio of 1.02. The business’s 50 day moving average price is $180.76 and its 200-day moving average price is $167.71. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $187.44. The company has a market cap of $41.34 billion, a price-to-earnings ratio of 8.80 and a beta of 0.95.

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. The firm had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.52 billion. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. The company’s revenue for the quarter was down 19.6% on a year-over-year basis. During the same period in the prior year, the business posted $5.61 earnings per share. On average, sell-side analysts expect that Cheniere Energy, Inc. will post 9.74 earnings per share for the current year.

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

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.