Huber Capital Management LLC Increases Position in Cheniere Energy, Inc. (NYSE:LNG)

Huber Capital Management LLC raised its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 8.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,120 shares of the energy company’s stock after acquiring an additional 4,900 shares during the period. Cheniere Energy makes up 2.5% of Huber Capital Management LLC’s portfolio, making the stock its 9th biggest holding. Huber Capital Management LLC’s holdings in Cheniere Energy were worth $10,860,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in LNG. Vanguard Group Inc. grew its holdings in 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 buying an additional 151,311 shares during the last quarter. Tortoise Capital Advisors L.L.C. grew its stake in shares of Cheniere Energy by 9.2% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 3,242,899 shares of the energy company’s stock worth $566,956,000 after acquiring an additional 273,588 shares during the last quarter. Pacer Advisors Inc. increased its position in Cheniere Energy by 7.4% during the second quarter. Pacer Advisors Inc. now owns 2,921,837 shares of the energy company’s stock worth $510,825,000 after acquiring an additional 202,097 shares during the period. Canada Pension Plan Investment Board raised its stake in Cheniere Energy by 5.1% during the 2nd 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 during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Cheniere Energy by 13.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,980,767 shares of the energy company’s stock valued at $346,268,000 after purchasing an additional 240,427 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Price Performance

Cheniere Energy stock opened at $180.61 on Friday. The business has a 50 day simple moving average of $180.76 and a 200 day simple moving average of $167.71. Cheniere Energy, Inc. has a one year low of $152.31 and a one year high of $187.44. The company has a market capitalization of $41.34 billion, a PE ratio of 8.80 and a beta of 0.95. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.02 and a quick ratio of 0.93.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, August 8th. The energy company reported $3.84 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $3.52 billion. During the same period last year, the business earned $5.61 earnings per share. The business’s revenue was down 19.6% on a year-over-year basis. On average, sell-side analysts forecast that Cheniere Energy, Inc. will post 9.74 EPS for the current fiscal year.

Cheniere Energy announced that its Board of Directors has authorized a stock buyback program on Monday, June 17th that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the energy company to purchase up to 9.6% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Several research firms have issued reports on LNG. Sanford C. Bernstein initiated coverage on shares of Cheniere Energy in a research report on Monday, June 24th. They issued an “outperform” rating on the stock. Stifel Nicolaus cut their price target on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a report on Friday, August 9th. TD Cowen raised their price objective on Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. Finally, Barclays boosted their price objective on Cheniere Energy from $194.00 to $199.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Cheniere Energy presently has an average rating of “Moderate Buy” and an average price target of $196.25.

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.