Cheniere Energy, Inc. (NYSE:LNG) is ELCO Management Co. LLC’s Largest Position

ELCO Management Co. LLC increased its position in Cheniere Energy, Inc. (NYSE:LNG) by 2.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,875 shares of the energy company’s stock after purchasing an additional 1,487 shares during the period. Cheniere Energy makes up approximately 5.7% of ELCO Management Co. LLC’s holdings, making the stock its biggest position. ELCO Management Co. LLC’s holdings in Cheniere Energy were worth $9,769,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of LNG. US Bancorp DE grew its stake in shares of Cheniere Energy by 23.8% in the fourth quarter. US Bancorp DE now owns 14,804 shares of the energy company’s stock worth $2,527,000 after acquiring an additional 2,850 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in Cheniere Energy by 1.9% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 61,635 shares of the energy company’s stock valued at $10,522,000 after acquiring an additional 1,120 shares during the period. Quarry LP increased its position in shares of Cheniere Energy by 156.3% during the 4th quarter. Quarry LP now owns 305 shares of the energy company’s stock valued at $52,000 after purchasing an additional 186 shares during the last quarter. V Square Quantitative Management LLC boosted its holdings in shares of Cheniere Energy by 49.3% in the fourth quarter. V Square Quantitative Management LLC now owns 3,299 shares of the energy company’s stock worth $563,000 after buying an additional 1,089 shares during the last quarter. Finally, Scarborough Advisors LLC purchased a new stake in Cheniere Energy during the fourth quarter valued at approximately $163,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Trading Down 0.9 %

Shares of NYSE LNG opened at $180.67 on Wednesday. The stock has a market capitalization of $40.88 billion, a P/E ratio of 8.80 and a beta of 0.95. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $187.44. The business’s 50 day moving average is $180.90 and its two-hundred day moving average is $168.28. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.02 and a quick ratio of 0.93.

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, beating 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 company’s revenue for the quarter was down 19.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.61 EPS. As a group, research analysts expect that Cheniere Energy, Inc. will post 9.74 EPS for the current year.

Cheniere Energy declared that its board has approved a share repurchase program on Monday, June 17th that permits the company to buyback $4.00 billion in shares. This buyback authorization permits the energy company to purchase up to 9.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its shares are undervalued.

Wall Street Analysts Forecast Growth

LNG has been the subject of several analyst reports. Stifel Nicolaus reduced 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. TD Cowen increased 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. Sanford C. Bernstein began coverage on Cheniere Energy in a research note on Monday, June 24th. They issued an “outperform” rating for the company. Finally, Barclays lifted their price objective 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. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Cheniere Energy currently has an average rating of “Moderate Buy” and a consensus price target 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.