Pacer Advisors Inc. Purchases 202,097 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Pacer Advisors Inc. raised its position in Cheniere Energy, Inc. (NYSE:LNG) by 7.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 2,921,837 shares of the energy company’s stock after purchasing an additional 202,097 shares during the period. Cheniere Energy accounts for approximately 1.2% of Pacer Advisors Inc.’s portfolio, making the stock its 5th largest position. Pacer Advisors Inc. owned 1.28% of Cheniere Energy worth $510,825,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. MCF Advisors LLC acquired a new position in shares of Cheniere Energy during the 2nd quarter valued at $26,000. Lynx Investment Advisory acquired a new position in shares of Cheniere Energy during the 2nd quarter valued at $27,000. Carolinas Wealth Consulting LLC lifted its position in shares of Cheniere Energy by 5,000.0% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock valued at $27,000 after acquiring an additional 150 shares during the period. Crewe Advisors LLC acquired a new position in shares of Cheniere Energy during the 1st quarter valued at $26,000. Finally, Cooksen Wealth LLC acquired a new position in shares of Cheniere Energy during the 4th quarter valued at $28,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $180.61 on Friday. The firm has a market capitalization of $41.34 billion, a PE ratio of 8.80 and a beta of 0.95. The firm has a fifty day simple moving average of $180.76 and a two-hundred day simple moving average of $167.71. The company has a current ratio of 1.02, a quick ratio of 0.93 and a debt-to-equity ratio of 2.63. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month 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 (EPS) for the quarter, topping the consensus estimate of $1.71 by $2.13. Cheniere Energy had a net margin of 27.05% and a return on equity of 39.42%. The firm had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.52 billion. During the same quarter in the prior year, the business posted $5.61 EPS. The business’s revenue was down 19.6% compared to the same quarter last year. Analysts forecast that Cheniere Energy, Inc. will post 9.74 EPS for the current fiscal year.

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

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Barclays boosted their target price on shares of Cheniere Energy from $194.00 to $199.00 and gave the company an “overweight” rating in a research report on Wednesday, July 17th. Stifel Nicolaus dropped 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. TD Cowen boosted their price target on shares of Cheniere Energy from $178.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Finally, Sanford C. Bernstein started coverage on shares of Cheniere Energy in a research note on Monday, June 24th. They set an “outperform” rating for the company. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $196.25.

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.