Stock Yards Bank & Trust Co. Takes $204,000 Position in Cheniere Energy, Inc. (NYSE:LNG)

Stock Yards Bank & Trust Co. acquired a new position in Cheniere Energy, Inc. (NYSE:LNG) during the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 1,165 shares of the energy company’s stock, valued at approximately $204,000.

A number of other large investors have also recently added to or reduced their stakes in LNG. Signature Wealth Management Group lifted its holdings in shares of Cheniere Energy by 1.4% in the second quarter. Signature Wealth Management Group now owns 4,758 shares of the energy company’s stock valued at $832,000 after purchasing an additional 66 shares in the last quarter. Capital Advisors Ltd. LLC lifted its stake in Cheniere Energy by 57.6% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 186 shares of the energy company’s stock valued at $33,000 after buying an additional 68 shares in the last quarter. E&G Advisors LP grew its holdings in Cheniere Energy by 5.2% during the 1st quarter. E&G Advisors LP now owns 1,420 shares of the energy company’s stock valued at $229,000 after buying an additional 70 shares during the last quarter. Syon Capital LLC increased its position in Cheniere Energy by 4.7% during the fourth quarter. Syon Capital LLC now owns 1,618 shares of the energy company’s stock worth $276,000 after buying an additional 73 shares in the last quarter. Finally, Accordant Advisory Group Inc raised its holdings in shares of Cheniere Energy by 0.4% in the second quarter. Accordant Advisory Group Inc now owns 19,383 shares of the energy company’s stock worth $3,389,000 after acquiring an additional 76 shares during the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Barclays increased their price objective on Cheniere Energy from $194.00 to $199.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. TD Cowen lifted their price target on shares of Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, June 17th. Sanford C. Bernstein started coverage on shares of Cheniere Energy in a research report on Monday, June 24th. They issued an “outperform” rating for the company. Finally, Stifel Nicolaus decreased their target price on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $196.25.

Cheniere Energy Price Performance

Cheniere Energy stock opened at $180.10 on Thursday. Cheniere Energy, Inc. has a 1 year low of $152.31 and a 1 year 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. The firm has a 50 day moving average price of $180.58 and a 200 day moving average price of $167.41. The company has a market cap of $41.23 billion, a price-to-earnings ratio of 8.77 and a beta of 0.95.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Thursday, August 8th. The energy company reported $3.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $2.13. The company had revenue of $3.30 billion during the quarter, compared to analysts’ expectations of $3.52 billion. Cheniere Energy had a net margin of 27.05% and a return on equity of 39.42%. The business’s quarterly revenue was down 19.6% compared to the same quarter last year. During the same period in the previous year, the company earned $5.61 EPS. Sell-side analysts predict that Cheniere Energy, Inc. will post 9.74 earnings per share for the current year.

Cheniere Energy announced that its Board of Directors has approved a stock buyback program on Monday, June 17th that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the energy company to repurchase up to 9.6% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its stock is 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.