Marshall Wace LLP Raises Position in Cheniere Energy, Inc. (NYSE:LNG)

Marshall Wace LLP grew its stake in Cheniere Energy, Inc. (NYSE:LNG) by 35.0% during the second quarter, Holdings Channel reports. The firm owned 63,609 shares of the energy company’s stock after purchasing an additional 16,499 shares during the period. Marshall Wace LLP’s holdings in Cheniere Energy were worth $11,121,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of LNG. Crewe Advisors LLC purchased a new stake in Cheniere Energy in the 1st quarter valued at $26,000. MCF Advisors LLC bought a new stake in shares of Cheniere Energy in the 2nd quarter worth $26,000. Lynx Investment Advisory purchased a new stake in shares of Cheniere Energy in the second quarter valued at about $27,000. Carolinas Wealth Consulting LLC lifted its position in shares of Cheniere Energy by 5,000.0% during the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock valued at $27,000 after purchasing an additional 150 shares in the last quarter. Finally, Cooksen Wealth LLC bought a new position in shares of Cheniere Energy during the fourth quarter valued at about $28,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Up 0.8 %

Shares of NYSE LNG opened at $179.63 on Friday. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.02 and a quick ratio of 0.93. The stock has a market capitalization of $40.64 billion, a PE 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’s fifty day moving average price is $180.74 and its 200-day moving average price is $168.59.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, August 8th. The energy company reported $3.84 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $2.13. The firm had revenue of $3.30 billion during the quarter, compared to analyst estimates of $3.52 billion. Cheniere Energy had a net margin of 27.05% and a return on equity of 39.42%. The company’s quarterly revenue was down 19.6% on a year-over-year basis. During the same quarter last year, the business earned $5.61 earnings per share. On average, equities research analysts anticipate 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 allows the company to repurchase $4.00 billion in shares. This repurchase authorization allows the energy company to purchase up to 9.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Barclays upped their price objective on shares of Cheniere Energy from $194.00 to $199.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th. Sanford C. Bernstein initiated coverage on Cheniere Energy in a report on Monday, June 24th. They issued an “outperform” rating for the company. TD Cowen lifted their price target on 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 cut their price objective on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $196.25.

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.