Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Aldebaran Financial Inc.

Aldebaran Financial Inc. lessened its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 5.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,119 shares of the energy company’s stock after selling 219 shares during the period. Cheniere Energy makes up approximately 1.0% of Aldebaran Financial Inc.’s portfolio, making the stock its 26th biggest holding. Aldebaran Financial Inc.’s holdings in Cheniere Energy were worth $720,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Crewe Advisors LLC acquired a new stake in shares of Cheniere Energy during the 1st quarter valued at approximately $26,000. MCF Advisors LLC purchased a new stake in Cheniere Energy during the second quarter worth $26,000. Lynx Investment Advisory acquired a new stake in Cheniere Energy in the second quarter valued at $27,000. Carolinas Wealth Consulting LLC increased its position in shares of Cheniere Energy by 5,000.0% in the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock valued at $27,000 after buying an additional 150 shares in the last quarter. Finally, Cooksen Wealth LLC acquired a new position in shares of Cheniere Energy during the 4th quarter worth $28,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Up 0.1 %

Shares of Cheniere Energy stock opened at $179.84 on Tuesday. The firm has a market cap of $41.17 billion, a PE ratio of 8.76 and a beta of 0.95. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 2.63. Cheniere Energy, Inc. has a fifty-two week low of $152.31 and a fifty-two week high of $187.44. The business’s fifty day moving average is $180.72 and its two-hundred day moving average is $168.91.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, August 8th. The energy company reported $3.84 earnings per share for the quarter, topping the consensus estimate of $1.71 by $2.13. The firm had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.52 billion. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. The firm’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 posted $5.61 earnings per share. Analysts anticipate that Cheniere Energy, Inc. will post 9.74 earnings per share for the current 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 shares. This repurchase authorization authorizes the energy company to repurchase up to 9.6% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on LNG. TD Cowen raised 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. Sanford C. Bernstein began coverage on Cheniere Energy in a research report on Monday, June 24th. They set an “outperform” rating for the company. Stifel Nicolaus lowered their target price on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Finally, Barclays boosted their price target on Cheniere Energy from $194.00 to $199.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average 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.