Maverick Capital Ltd. Raises Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Maverick Capital Ltd. grew its position in Cheniere Energy, Inc. (NYSE:LNG) by 88.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,872 shares of the energy company’s stock after acquiring an additional 4,161 shares during the quarter. Maverick Capital Ltd.’s holdings in Cheniere Energy were worth $1,551,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Signature Wealth Management Group boosted its stake in Cheniere Energy by 1.4% during the 2nd quarter. Signature Wealth Management Group now owns 4,758 shares of the energy company’s stock worth $832,000 after purchasing an additional 66 shares during the period. Capital Advisors Ltd. LLC boosted its stake in shares of Cheniere Energy by 57.6% during the second quarter. Capital Advisors Ltd. LLC now owns 186 shares of the energy company’s stock worth $33,000 after buying an additional 68 shares during the period. E&G Advisors LP grew its holdings in shares of Cheniere Energy by 5.2% during the first quarter. E&G Advisors LP now owns 1,420 shares of the energy company’s stock worth $229,000 after buying an additional 70 shares during the last quarter. Syon Capital LLC grew its holdings in shares of Cheniere Energy by 4.7% during the fourth quarter. Syon Capital LLC now owns 1,618 shares of the energy company’s stock worth $276,000 after buying an additional 73 shares during the last quarter. Finally, Accordant Advisory Group Inc increased its position in Cheniere Energy by 0.4% in the 2nd quarter. Accordant Advisory Group Inc now owns 19,383 shares of the energy company’s stock valued at $3,389,000 after acquiring an additional 76 shares during the period. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LNG has been the topic of several analyst reports. 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 research note on Friday, August 9th. Sanford C. Bernstein began coverage on shares of Cheniere Energy in a research report on Monday, June 24th. They issued an “outperform” rating on the stock. TD Cowen boosted their price objective on shares of Cheniere Energy from $178.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Finally, Barclays raised their target price on shares of Cheniere Energy from $194.00 to $199.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Cheniere Energy has an average rating of “Moderate Buy” and a consensus price target of $196.25.

Cheniere Energy Price Performance

Cheniere Energy stock opened at $179.56 on Friday. The company has a market cap of $40.63 billion, a P/E ratio of 8.75 and a beta of 0.95. Cheniere Energy, Inc. has a one year low of $152.31 and a one year high of $187.44. The business has a fifty day moving average of $180.79 and a two-hundred day moving average of $168.43. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.93 and a current ratio of 1.02.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Thursday, August 8th. The energy company reported $3.84 EPS for the quarter, beating the consensus estimate of $1.71 by $2.13. The firm had revenue of $3.30 billion during 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 business’s revenue for the quarter was down 19.6% compared to the same quarter last year. During the same quarter last year, the business earned $5.61 earnings per share. As a group, analysts predict that Cheniere Energy, Inc. will post 9.74 earnings per share for the current fiscal year.

Cheniere Energy announced that its Board of Directors has approved a stock buyback program on Monday, June 17th that permits the company to buyback $4.00 billion in outstanding shares. This buyback authorization permits the energy company to buy up to 9.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors 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.