Holderness Investments Co. Sells 175 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Holderness Investments Co. cut its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 2.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,521 shares of the energy company’s stock after selling 175 shares during the period. Holderness Investments Co.’s holdings in Cheniere Energy were worth $1,140,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Signature Wealth Management Group raised its position in Cheniere Energy by 1.4% in the 2nd quarter. Signature Wealth Management Group now owns 4,758 shares of the energy company’s stock worth $832,000 after purchasing an additional 66 shares during the last quarter. Capital Advisors Ltd. LLC lifted its stake in shares of Cheniere Energy by 57.6% during the second quarter. Capital Advisors Ltd. LLC now owns 186 shares of the energy company’s stock valued at $33,000 after acquiring an additional 68 shares during the period. E&G Advisors LP boosted its holdings in Cheniere Energy by 5.2% in the first quarter. E&G Advisors LP now owns 1,420 shares of the energy company’s stock valued at $229,000 after acquiring an additional 70 shares during the last quarter. Syon Capital LLC increased its position in Cheniere Energy by 4.7% in the fourth quarter. Syon Capital LLC now owns 1,618 shares of the energy company’s stock worth $276,000 after purchasing an additional 73 shares during the period. Finally, Accordant Advisory Group Inc raised its holdings in Cheniere Energy by 0.4% during the 2nd quarter. Accordant Advisory Group Inc now owns 19,383 shares of the energy company’s stock worth $3,389,000 after purchasing an additional 76 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

LNG has been the subject of several analyst reports. Sanford C. Bernstein initiated coverage on shares of Cheniere Energy in a research report on Monday, June 24th. They set an “outperform” rating for the company. TD Cowen lifted 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 Cheniere Energy from $194.00 to $199.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. Finally, Stifel Nicolaus decreased their price objective 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. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $196.25.

Cheniere Energy Trading Down 0.8 %

NYSE LNG opened at $180.66 on Friday. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.02 and a quick ratio of 0.93. The stock’s 50-day moving average is $180.76 and its 200-day moving average is $167.80. Cheniere Energy, Inc. has a one year low of $152.31 and a one year high of $187.44. The firm has a market cap of $41.36 billion, a P/E ratio of 8.80 and a beta of 0.95.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Thursday, August 8th. The energy company reported $3.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $2.13. Cheniere Energy had a net margin of 27.05% and a return on equity of 39.42%. The firm had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.52 billion. During the same quarter in the previous year, the firm posted $5.61 earnings per share. The business’s revenue was down 19.6% on a year-over-year basis. Sell-side analysts anticipate that Cheniere Energy, Inc. will post 9.74 earnings per share for the current fiscal year.

Cheniere Energy announced that its board has initiated a stock buyback plan on Monday, June 17th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the energy company to reacquire up to 9.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors 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.