Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Beck Capital Management LLC

Beck Capital Management LLC lowered its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 28.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 21,670 shares of the energy company’s stock after selling 8,468 shares during the period. Beck Capital Management LLC’s holdings in Cheniere Energy were worth $3,789,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in LNG. Signature Wealth Management Group boosted its position in shares of Cheniere Energy by 1.4% during the second quarter. Signature Wealth Management Group now owns 4,758 shares of the energy company’s stock worth $832,000 after buying an additional 66 shares during the period. Capital Advisors Ltd. LLC lifted its stake in Cheniere Energy by 57.6% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 186 shares of the energy company’s stock worth $33,000 after acquiring an additional 68 shares in the last quarter. E&G Advisors LP boosted its holdings in Cheniere Energy by 5.2% during the 1st 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 period. Syon Capital LLC grew its position in Cheniere Energy by 4.7% in the 4th quarter. Syon Capital LLC now owns 1,618 shares of the energy company’s stock valued at $276,000 after acquiring an additional 73 shares in the last quarter. Finally, Accordant Advisory Group Inc increased its stake in Cheniere Energy by 0.4% during the second 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 period. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Cheniere Energy Price Performance

Cheniere Energy stock opened at $180.66 on Monday. The stock has a market cap of $41.36 billion, a P/E ratio of 8.80 and a beta of 0.95. The company has a fifty day simple moving average of $180.76 and a 200-day simple moving average of $167.90. The company has a current ratio of 1.02, a quick ratio of 0.93 and a debt-to-equity ratio of 2.63. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $187.44.

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, 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 during the quarter, compared to analysts’ expectations of $3.52 billion. During the same period in the prior year, the firm posted $5.61 EPS. The business’s quarterly revenue was down 19.6% compared to the same quarter last year. Equities analysts expect that Cheniere Energy, Inc. will post 9.74 EPS for the current fiscal year.

Cheniere Energy announced that its Board of Directors has authorized a stock repurchase program on Monday, June 17th that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the energy company to buy up to 9.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

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.