Cheniere Energy, Inc. (NYSE:LNG) Shares Acquired by Maverick Capital Ltd.

Maverick Capital Ltd. lifted its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 88.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,872 shares of the energy company’s stock after purchasing an additional 4,161 shares during the period. Maverick Capital Ltd.’s holdings in Cheniere Energy were worth $1,551,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Crewe Advisors LLC purchased a new position in Cheniere Energy in the 1st quarter valued at approximately $26,000. MCF Advisors LLC acquired a new stake in shares of Cheniere Energy in the second quarter valued at $26,000. Lynx Investment Advisory purchased a new position in Cheniere Energy in the second quarter valued at $27,000. Carolinas Wealth Consulting LLC grew its stake in Cheniere Energy by 5,000.0% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock worth $27,000 after purchasing an additional 150 shares in the last quarter. Finally, Cooksen Wealth LLC purchased a new stake in Cheniere Energy during the 4th quarter worth about $28,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. TD Cowen lifted their price objective on Cheniere Energy from $178.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Stifel Nicolaus decreased 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. Barclays boosted their price target 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. Finally, Sanford C. Bernstein began coverage on shares of Cheniere Energy in a report on Monday, June 24th. They issued an “outperform” rating on the stock. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Cheniere Energy has an average rating of “Moderate Buy” and an average target price of $196.25.

Cheniere Energy Price Performance

LNG stock opened at $179.56 on Friday. The stock has a market cap of $40.63 billion, a price-to-earnings ratio of 8.75 and a beta of 0.95. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $187.44. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 2.63. The business has a 50 day moving average price of $180.79 and a 200 day moving average price of $168.43.

Cheniere Energy (NYSE:LNG) last issued 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 business 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 was down 19.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.61 EPS. Equities research analysts anticipate that Cheniere Energy, Inc. will post 9.74 earnings per share for the current fiscal year.

Cheniere Energy declared that its board has initiated a stock repurchase plan on Monday, June 17th that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the energy company to reacquire up to 9.6% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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.