Cheniere Energy, Inc. (NYSE:LNG) Shares Sold by Meiji Yasuda Asset Management Co Ltd.

Meiji Yasuda Asset Management Co Ltd. lessened its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 11.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,705 shares of the energy company’s stock after selling 461 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Cheniere Energy were worth $648,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Crewe Advisors LLC purchased a new stake in Cheniere Energy in the first quarter valued at about $26,000. MCF Advisors LLC purchased a new position in shares of Cheniere Energy in the 2nd quarter valued at approximately $26,000. Lynx Investment Advisory acquired a new stake in Cheniere Energy in the 2nd quarter worth approximately $27,000. Cooksen Wealth LLC purchased a new stake in Cheniere Energy during the 4th quarter worth approximately $28,000. Finally, Riverview Trust Co acquired a new position in Cheniere Energy during the 1st quarter valued at approximately $29,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on LNG. TD Cowen lifted their price objective on shares of 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 dropped their price target on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Barclays raised their price objective on Cheniere Energy from $194.00 to $199.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th. Finally, Sanford C. Bernstein began coverage on Cheniere Energy in a research report 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 company. Based on data from MarketBeat, Cheniere Energy has a consensus rating of “Moderate Buy” and an average target price of $196.25.

Cheniere Energy Stock Down 0.8 %

Shares of LNG opened at $180.61 on Friday. The company has a market capitalization of $41.34 billion, a price-to-earnings ratio of 8.80 and a beta of 0.95. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $187.44. The stock’s 50-day moving average price is $180.76 and its 200-day moving average price is $167.71. 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 (NYSE:LNG) last released its quarterly earnings data on Thursday, August 8th. The energy company reported $3.84 EPS for the quarter, topping the consensus estimate of $1.71 by $2.13. The business had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.52 billion. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. The business’s quarterly revenue was down 19.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $5.61 EPS. On average, sell-side analysts predict that Cheniere Energy, Inc. will post 9.74 EPS for the current year.

Cheniere Energy declared that its board has authorized a share repurchase plan 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 shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

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.