Amalgamated Bank Sells 1,752 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Amalgamated Bank cut its stake in Cheniere Energy, Inc. (NYSE:LNG) by 11.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 14,085 shares of the energy company’s stock after selling 1,752 shares during the quarter. Amalgamated Bank’s holdings in Cheniere Energy were worth $2,462,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA grew its holdings in Cheniere Energy by 1,490.1% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,957,451 shares of the energy company’s stock valued at $342,221,000 after buying an additional 1,834,347 shares in the last quarter. TD Asset Management Inc grew its stake in Cheniere Energy by 231.8% during the first quarter. TD Asset Management Inc now owns 1,338,752 shares of the energy company’s stock valued at $215,914,000 after acquiring an additional 935,239 shares in the last quarter. Zimmer Partners LP increased 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 worth $197,201,000 after acquiring an additional 465,000 shares during the period. Jupiter Asset Management Ltd. purchased a new stake in Cheniere Energy in the 1st quarter worth approximately $70,682,000. Finally, BROOKFIELD Corp ON boosted its holdings in Cheniere Energy by 30.4% in the 1st quarter. BROOKFIELD Corp ON now owns 1,593,308 shares of the energy company’s stock valued at $256,969,000 after purchasing an additional 371,061 shares during the period. 87.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LNG. Sanford C. Bernstein assumed coverage on Cheniere Energy in a research report on Monday, June 24th. They set an “outperform” rating for the company. 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 report on Monday, June 17th. Barclays increased their target price on Cheniere Energy from $194.00 to $199.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. Finally, Stifel Nicolaus dropped their price target 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 analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Cheniere Energy presently has an average rating of “Moderate Buy” and an average target price of $196.25.

Cheniere Energy Stock Down 0.9 %

LNG opened at $180.67 on Wednesday. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 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 business’s 50-day moving average price is $180.90 and its 200-day moving average price is $168.28. The company has a market cap of $41.36 billion, a P/E ratio of 8.80 and a beta of 0.95.

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

Cheniere Energy announced 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 buy up to 9.6% of its shares through open market purchases. Shares repurchase programs are often 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.