Epoch Investment Partners Inc. Has $41.53 Million Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Epoch Investment Partners Inc. raised its position in Cheniere Energy, Inc. (NYSE:LNG) by 345.7% during the second quarter, Holdings Channel reports. The firm owned 237,525 shares of the energy company’s stock after purchasing an additional 184,230 shares during the period. Epoch Investment Partners Inc.’s holdings in Cheniere Energy were worth $41,526,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of LNG. Daiwa Securities Group Inc. lifted its holdings in Cheniere Energy by 27.1% in the first quarter. Daiwa Securities Group Inc. now owns 29,235 shares of the energy company’s stock valued at $4,715,000 after buying an additional 6,235 shares during the period. Sei Investments Co. lifted its stake in shares of Cheniere Energy by 6.7% in the 1st quarter. Sei Investments Co. now owns 187,236 shares of the energy company’s stock valued at $30,198,000 after purchasing an additional 11,800 shares during the period. BI Asset Management Fondsmaeglerselskab A S boosted its position in shares of Cheniere Energy by 103.3% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 31,577 shares of the energy company’s stock valued at $5,093,000 after purchasing an additional 16,044 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in Cheniere Energy by 215.7% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 62,551 shares of the energy company’s stock worth $10,936,000 after purchasing an additional 42,737 shares during the period. Finally, Silvercrest Asset Management Group LLC bought a new stake in Cheniere Energy in the first quarter worth approximately $818,000. 87.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Sanford C. Bernstein initiated coverage on Cheniere Energy in a report on Monday, June 24th. They set an “outperform” rating 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. TD Cowen raised their price target on shares of Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, June 17th. Finally, Stifel Nicolaus dropped their price objective on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a report on Friday, August 9th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $196.25.

Cheniere Energy Stock Performance

LNG opened at $180.66 on Monday. The company has a market cap of $41.36 billion, a price-to-earnings ratio of 8.80 and a beta of 0.95. The company’s fifty day moving average price is $180.76 and its two-hundred day moving average price is $167.90. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year 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.

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

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

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.