Edge Capital Group LLC Grows Position in Cheniere Energy, Inc. (NYSE:LNG)

Edge Capital Group LLC boosted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 16.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,895 shares of the energy company’s stock after acquiring an additional 266 shares during the period. Edge Capital Group LLC’s holdings in Cheniere Energy were worth $331,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Massachusetts Financial Services Co. MA increased its holdings in shares of Cheniere Energy by 1,490.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,957,451 shares of the energy company’s stock worth $342,221,000 after purchasing an additional 1,834,347 shares during the last quarter. TD Asset Management Inc lifted its stake in shares of Cheniere Energy by 231.8% in the 1st quarter. TD Asset Management Inc now owns 1,338,752 shares of the energy company’s stock valued at $215,914,000 after purchasing an additional 935,239 shares during the last quarter. Zimmer Partners LP raised its holdings in Cheniere Energy by 61.4% during the 1st 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 period. Jupiter Asset Management Ltd. purchased a new position in Cheniere Energy during the first quarter worth $70,682,000. Finally, 1832 Asset Management L.P. lifted its holdings in shares of Cheniere Energy by 854.3% in the 2nd quarter. 1832 Asset Management L.P. now owns 458,739 shares of the energy company’s stock worth $80,201,000 after acquiring an additional 410,668 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Price Performance

Shares of LNG stock opened at $180.66 on Monday. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $187.44. The company has a current ratio of 1.02, a quick ratio of 0.93 and a debt-to-equity ratio of 2.63. The stock has a fifty day simple moving average of $180.76 and a two-hundred day simple moving average of $167.90. The stock has a market capitalization of $41.36 billion, a price-to-earnings ratio of 8.80 and a beta of 0.95.

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

Cheniere Energy declared that its board has initiated a share buyback plan on Monday, June 17th that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the energy company to purchase up to 9.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on LNG. Barclays increased their price objective 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. TD Cowen raised their price target on Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. Stifel Nicolaus cut their price objective on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Finally, Sanford C. Bernstein began coverage on Cheniere Energy in a research note on Monday, June 24th. They issued an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock has an average 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.