Epoch Investment Partners Inc. Has $41.53 Million Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Epoch Investment Partners Inc. lifted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 345.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 237,525 shares of the energy company’s stock after purchasing an additional 184,230 shares during the quarter. Epoch Investment Partners Inc. owned 0.10% of Cheniere Energy worth $41,526,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. 1832 Asset Management L.P. grew its stake in Cheniere Energy by 854.3% during the second quarter. 1832 Asset Management L.P. now owns 458,739 shares of the energy company’s stock worth $80,201,000 after buying an additional 410,668 shares in the last quarter. Greenline Partners LLC lifted its holdings in shares of Cheniere Energy by 4.0% during the 2nd quarter. Greenline Partners LLC now owns 68,533 shares of the energy company’s stock worth $11,862,000 after acquiring an additional 2,660 shares during the period. Huber Capital Management LLC boosted its position in shares of Cheniere Energy by 8.6% during the 2nd quarter. Huber Capital Management LLC now owns 62,120 shares of the energy company’s stock worth $10,860,000 after acquiring an additional 4,900 shares in the last quarter. Summit Trail Advisors LLC bought a new position in Cheniere Energy in the second quarter valued at approximately $300,000. Finally, Pacer Advisors Inc. raised its position in Cheniere Energy by 7.4% during the second quarter. Pacer Advisors Inc. now owns 2,921,837 shares of the energy company’s stock valued at $510,825,000 after purchasing an additional 202,097 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

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

Cheniere Energy Stock Performance

Shares of LNG stock opened at $180.66 on Monday. The business’s 50-day moving average price is $180.76 and its 200-day moving average price is $167.90. 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 firm has a market capitalization of $41.36 billion, a price-to-earnings ratio of 8.80 and a beta of 0.95.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Thursday, August 8th. The energy company reported $3.84 earnings per share for the quarter, topping 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 period in the previous year, the firm posted $5.61 EPS. The company’s revenue for the quarter was down 19.6% compared to the same quarter last year. Equities research analysts forecast that Cheniere Energy, Inc. will post 9.74 EPS for the current year.

Cheniere Energy announced that its board has authorized a share buyback plan on Monday, June 17th that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the energy company to repurchase up to 9.6% of its stock through open market purchases. Stock repurchase plans are usually 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.