Cheniere Energy, Inc. (NYSE:LNG) Position Boosted by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 26.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 259,387 shares of the energy company’s stock after purchasing an additional 54,340 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned about 0.11% of Cheniere Energy worth $45,362,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in LNG. Marshall Wace LLP increased its holdings in shares of Cheniere Energy by 35.0% in the second quarter. Marshall Wace LLP now owns 63,609 shares of the energy company’s stock valued at $11,121,000 after buying an additional 16,499 shares in the last quarter. ClearBridge Investments Ltd raised its position in shares of Cheniere Energy by 36.7% during the second quarter. ClearBridge Investments Ltd now owns 391,809 shares of the energy company’s stock worth $68,500,000 after purchasing an additional 105,147 shares during the period. DRW Securities LLC acquired a new stake in shares of Cheniere Energy during the second quarter worth $371,000. Edge Capital Group LLC lifted its holdings in shares of Cheniere Energy by 16.3% during the second quarter. Edge Capital Group LLC now owns 1,895 shares of the energy company’s stock valued at $331,000 after purchasing an additional 266 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Cheniere Energy by 176.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 578 shares of the energy company’s stock valued at $106,000 after purchasing an additional 369 shares during the period. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Price Performance

LNG opened at $182.38 on Tuesday. 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 1 year low of $152.31 and a 1 year high of $187.44. The stock has a fifty day moving average price of $180.86 and a 200 day moving average price of $168.10. The stock has a market cap of $41.75 billion, a price-to-earnings ratio of 8.88 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 EPS for the quarter, topping the consensus estimate of $1.71 by $2.13. The company had revenue of $3.30 billion during the quarter, compared to the consensus estimate of $3.52 billion. Cheniere Energy had a net margin of 27.05% and a return on equity of 39.42%. The company’s revenue for the quarter was down 19.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.61 earnings per share. Analysts forecast that Cheniere Energy, Inc. will post 9.74 EPS for the current fiscal year.

Cheniere Energy declared that its board has approved a share repurchase program on Monday, June 17th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the energy company to purchase up to 9.6% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Stifel Nicolaus reduced their price objective 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. Barclays upped their price target on shares of Cheniere Energy from $194.00 to $199.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. TD Cowen lifted their price objective on shares of Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. Finally, Sanford C. Bernstein began coverage on Cheniere Energy in a report on Monday, June 24th. They issued an “outperform” rating for the company. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, Cheniere Energy currently has a consensus rating of “Moderate Buy” and a consensus target price of $196.25.

Cheniere Energy 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.