Ninepoint Partners LP Sells 239 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Ninepoint Partners LP decreased its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 3.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,903 shares of the energy company’s stock after selling 239 shares during the quarter. Ninepoint Partners LP’s holdings in Cheniere Energy were worth $1,032,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of LNG. Daiwa Securities Group Inc. lifted its holdings in shares of Cheniere Energy by 27.1% in the first quarter. Daiwa Securities Group Inc. now owns 29,235 shares of the energy company’s stock worth $4,715,000 after acquiring an additional 6,235 shares during the last quarter. Sei Investments Co. lifted its holdings in shares of Cheniere Energy by 6.7% in the first quarter. Sei Investments Co. now owns 187,236 shares of the energy company’s stock worth $30,198,000 after acquiring an additional 11,800 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its holdings in shares of Cheniere Energy by 103.3% in the first quarter. BI Asset Management Fondsmaeglerselskab A S now owns 31,577 shares of the energy company’s stock worth $5,093,000 after acquiring an additional 16,044 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Cheniere Energy by 215.7% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 62,551 shares of the energy company’s stock worth $10,936,000 after acquiring an additional 42,737 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC bought a new position in shares of Cheniere Energy in the first quarter worth about $818,000. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

NYSE:LNG opened at $179.56 on Friday. The company has a market capitalization of $40.63 billion, a PE ratio of 8.75 and a beta of 0.95. The company has a 50 day simple moving average of $180.79 and a two-hundred day simple moving average of $168.43. 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, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $187.44.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, August 8th. The energy company reported $3.84 earnings per share (EPS) for the quarter, topping 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 return on equity of 39.42% and a net margin of 27.05%. The company’s revenue for the quarter was down 19.6% compared to the same quarter last year. During the same period in the prior year, the business earned $5.61 EPS. Research analysts anticipate that Cheniere Energy, Inc. will post 9.74 earnings per share for the current year.

Cheniere Energy declared that its Board of Directors has initiated a share repurchase program on Monday, June 17th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the energy company to purchase up to 9.6% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on LNG shares. Barclays increased their target price on shares of Cheniere Energy from $194.00 to $199.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. TD Cowen upped their price objective 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 research note on Monday, June 24th. They issued an “outperform” rating for the company. Finally, Stifel Nicolaus lowered their price objective on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $196.25.

Cheniere Energy Company 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.