Vanguard Personalized Indexing Management LLC Buys 1,519 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Vanguard Personalized Indexing Management LLC boosted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 9.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,799 shares of the energy company’s stock after purchasing an additional 1,519 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Cheniere Energy were worth $2,826,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LNG. Massachusetts Financial Services Co. MA lifted its position in Cheniere Energy by 1,490.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,957,451 shares of the energy company’s stock valued at $342,221,000 after purchasing an additional 1,834,347 shares during the period. TD Asset Management Inc increased its holdings in Cheniere Energy by 231.8% during the first quarter. TD Asset Management Inc now owns 1,338,752 shares of the energy company’s stock valued at $215,914,000 after buying an additional 935,239 shares during the last quarter. Zimmer Partners LP increased its holdings in Cheniere Energy by 61.4% during the first quarter. Zimmer Partners LP now owns 1,222,723 shares of the energy company’s stock valued at $197,201,000 after buying an additional 465,000 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new stake in Cheniere Energy during the first quarter valued at approximately $70,682,000. Finally, BROOKFIELD Corp ON increased its holdings in Cheniere Energy by 30.4% during the first quarter. BROOKFIELD Corp ON now owns 1,593,308 shares of the energy company’s stock valued at $256,969,000 after buying an additional 371,061 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Analysts Set New Price Targets

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

Cheniere Energy Stock Performance

Shares of NYSE LNG opened at $180.61 on Friday. The firm has a fifty day moving average price of $180.76 and a 200-day moving average price of $167.71. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.02 and a quick ratio of 0.93. The stock has a market cap of $41.34 billion, a PE ratio of 8.80 and a beta of 0.95. Cheniere Energy, Inc. has a 1 year low of $152.31 and a 1 year high of $187.44.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Thursday, August 8th. The energy company reported $3.84 earnings per share 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%. Cheniere Energy’s quarterly revenue was down 19.6% on a year-over-year basis. During the same period last year, the company posted $5.61 earnings per share. Equities 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 authorized a stock buyback plan on Monday, June 17th that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the energy company to purchase up to 9.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board 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.