Fiera Capital Corp Purchases 10,582 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Fiera Capital Corp raised its position in Cheniere Energy, Inc. (NYSE:LNG) by 28.1% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 48,211 shares of the energy company’s stock after purchasing an additional 10,582 shares during the period. Fiera Capital Corp’s holdings in Cheniere Energy were worth $8,429,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of LNG. Crewe Advisors LLC bought a new position in shares of Cheniere Energy in the first quarter valued at approximately $26,000. MCF Advisors LLC bought a new stake in Cheniere Energy in the second quarter worth about $26,000. Lynx Investment Advisory bought a new stake in Cheniere Energy in the second quarter worth about $27,000. Carolinas Wealth Consulting LLC grew its position in shares of Cheniere Energy by 5,000.0% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock valued at $27,000 after acquiring an additional 150 shares during the period. Finally, Cooksen Wealth LLC purchased a new stake in shares of Cheniere Energy during the 4th quarter worth approximately $28,000. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Price Performance

NYSE:LNG opened at $179.63 on Monday. The firm has a market capitalization of $41.12 billion, a price-to-earnings ratio of 8.75 and a beta of 0.95. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.93 and a current ratio of 1.02. The stock has a fifty day moving average of $180.74 and a 200 day moving average of $168.76. Cheniere Energy, Inc. has a 52-week low of $152.31 and a 52-week high of $187.44.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, August 8th. The energy company reported $3.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $2.13. The firm had revenue of $3.30 billion during 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% on a year-over-year basis. During the same quarter last year, the company posted $5.61 EPS. On average, research analysts expect that Cheniere Energy, Inc. will post 9.74 EPS for the current fiscal year.

Cheniere Energy announced that its board has initiated a share repurchase program on Monday, June 17th that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the energy company to purchase up to 9.6% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. TD Cowen increased their price target on Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. Stifel Nicolaus lowered their target price 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. Barclays raised their price target on Cheniere Energy from $194.00 to $199.00 and gave the stock an “overweight” rating in a report on Wednesday, July 17th. Finally, Sanford C. Bernstein assumed coverage on Cheniere Energy in a research note on Monday, June 24th. They set an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus 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.