Fidelis Capital Partners LLC Has $875,000 Position in Cheniere Energy, Inc. (NYSE:LNG)

Fidelis Capital Partners LLC trimmed its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 2.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,926 shares of the energy company’s stock after selling 136 shares during the quarter. Fidelis Capital Partners LLC’s holdings in Cheniere Energy were worth $875,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in LNG. Vanguard Group Inc. lifted its stake in shares of Cheniere Energy by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 22,529,191 shares of the energy company’s stock valued at $3,845,958,000 after acquiring an additional 151,311 shares during the last quarter. Tortoise Capital Advisors L.L.C. increased its holdings in Cheniere Energy by 9.2% in the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 3,242,899 shares of the energy company’s stock worth $566,956,000 after purchasing an additional 273,588 shares in the last quarter. Pacer Advisors Inc. raised its position in Cheniere Energy by 7.4% in 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 during the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Cheniere Energy by 5.1% during the second quarter. Canada Pension Plan Investment Board now owns 2,060,622 shares of the energy company’s stock valued at $360,259,000 after purchasing an additional 99,678 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Cheniere Energy by 13.8% during the second quarter. Dimensional Fund Advisors LP now owns 1,980,767 shares of the energy company’s stock worth $346,268,000 after purchasing an additional 240,427 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

LNG has been the subject of a number of research reports. Sanford C. Bernstein assumed coverage on shares of Cheniere Energy in a report on Monday, June 24th. They issued an “outperform” rating for the company. Barclays raised their price target on shares of Cheniere Energy from $194.00 to $199.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. Stifel Nicolaus reduced their price objective 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. Finally, TD Cowen increased their price objective on Cheniere Energy from $178.00 to $185.00 and gave the company a “buy” rating in a report on Monday, June 17th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $196.25.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $180.66 on Monday. The company has a market capitalization of $41.36 billion, a PE ratio of 8.80 and a beta of 0.95. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 2.63. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $187.44. The firm has a fifty day simple moving average of $180.76 and a 200 day simple moving average of $167.90.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $3.52 billion. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. The business’s quarterly revenue was down 19.6% on a year-over-year basis. During the same period last year, the company posted $5.61 EPS. On average, sell-side analysts forecast that Cheniere Energy, Inc. will post 9.74 EPS for the current year.

Cheniere Energy declared that its Board of Directors has initiated a stock buyback plan on Monday, June 17th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the energy company to repurchase up to 9.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board 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.