Nippon Life Global Investors Americas Inc. Has $1.49 Million Stake in Cheniere Energy, Inc. (NYSE:LNG)

Nippon Life Global Investors Americas Inc. lessened its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 3.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,530 shares of the energy company’s stock after selling 300 shares during the quarter. Nippon Life Global Investors Americas Inc.’s holdings in Cheniere Energy were worth $1,491,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. boosted its holdings in 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 purchasing an additional 339 shares in the last quarter. US Bancorp DE raised its stake in shares of Cheniere Energy by 23.8% in the 4th quarter. US Bancorp DE now owns 14,804 shares of the energy company’s stock valued at $2,527,000 after acquiring an additional 2,850 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in Cheniere Energy by 1.9% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 61,635 shares of the energy company’s stock worth $10,522,000 after purchasing an additional 1,120 shares during the last quarter. Intech Investment Management LLC grew its holdings 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 purchasing an additional 549 shares during the last quarter. Finally, Quarry LP raised its position in shares of Cheniere Energy by 156.3% in the fourth quarter. Quarry LP now owns 305 shares of the energy company’s stock valued at $52,000 after purchasing an additional 186 shares during the period. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Price Performance

Shares of Cheniere Energy stock opened at $180.66 on Monday. The firm has a market cap of $41.36 billion, a P/E ratio of 8.80 and a beta of 0.95. The firm’s 50-day simple moving average is $180.76 and its 200-day simple moving average is $167.90. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $187.44. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.93 and a current ratio of 1.02.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data 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 return on equity of 39.42% and a net margin of 27.05%. The company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.52 billion. During the same period in the previous year, the business earned $5.61 earnings per share. The company’s quarterly revenue was down 19.6% on a year-over-year basis. As a group, research analysts expect that Cheniere Energy, Inc. will post 9.74 EPS for the current fiscal year.

Cheniere Energy declared that its board has initiated 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 repurchase up to 9.6% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several research analysts recently commented on LNG shares. Stifel Nicolaus dropped their target price on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a report on Friday, August 9th. 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 increased their price objective on Cheniere Energy from $178.00 to $185.00 and gave the company a “buy” rating in a research report on Monday, June 17th. Finally, Sanford C. Bernstein started coverage on shares of Cheniere Energy in a research note on Monday, June 24th. They set an “outperform” rating for the company. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $196.25.

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.