Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc lessened its stake in Cheniere Energy, Inc. (NYSE:LNG) by 1.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,260,522 shares of the energy company’s stock after selling 16,993 shares during the period. Ensign Peak Advisors Inc owned 0.55% of Cheniere Energy worth $220,377,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Crewe Advisors LLC acquired a new position in shares of Cheniere Energy in the first quarter valued at approximately $26,000. MCF Advisors LLC purchased a new position in Cheniere Energy during the 2nd quarter worth $26,000. Lynx Investment Advisory purchased a new position in Cheniere Energy during the 2nd quarter worth $27,000. Carolinas Wealth Consulting LLC lifted its stake in shares of Cheniere Energy by 5,000.0% in the 2nd quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock worth $27,000 after acquiring an additional 150 shares during the period. Finally, Cooksen Wealth LLC purchased a new stake in shares of Cheniere Energy in the fourth quarter valued at about $28,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Stock Down 0.8 %

Cheniere Energy stock opened at $180.61 on Friday. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $187.44. The firm has a market capitalization of $41.34 billion, a price-to-earnings ratio of 8.80 and a beta of 0.95. The stock’s fifty day moving average is $180.76 and its two-hundred day moving average is $167.71. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.93 and a current ratio of 1.02.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, August 8th. The energy company reported $3.84 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $2.13. The firm had revenue of $3.30 billion for 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 firm’s revenue was down 19.6% on a year-over-year basis. During the same period in the prior year, the company earned $5.61 EPS. Analysts predict that Cheniere Energy, Inc. will post 9.74 EPS for the current fiscal year.

Cheniere Energy announced that its board has initiated a share repurchase plan on Monday, June 17th that authorizes the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization authorizes the energy company to reacquire up to 9.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on LNG shares. 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 report on Friday, August 9th. TD Cowen lifted their price target on Cheniere Energy from $178.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Sanford C. Bernstein initiated coverage on Cheniere Energy in a report on Monday, June 24th. They set an “outperform” rating on the stock. Finally, Barclays boosted their target price on shares of Cheniere Energy from $194.00 to $199.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus 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.