Vanguard Personalized Indexing Management LLC Boosts Stock Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Vanguard Personalized Indexing Management LLC raised its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 9.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,799 shares of the energy company’s stock after purchasing an additional 1,519 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Cheniere Energy were worth $2,826,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in LNG. Crewe Advisors LLC purchased a new position in shares of Cheniere Energy in the 1st quarter worth $26,000. MCF Advisors LLC purchased a new position in shares of Cheniere Energy in the 2nd quarter worth $26,000. Lynx Investment Advisory purchased a new position in shares of Cheniere Energy in the 2nd quarter worth $27,000. Cooksen Wealth LLC purchased a new position in shares of Cheniere Energy in the 4th quarter worth $28,000. Finally, Riverview Trust Co purchased a new position in shares of Cheniere Energy during the 1st quarter worth about $29,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Price Performance

Cheniere Energy stock opened at $180.61 on Friday. The stock has a market cap of $41.34 billion, a price-to-earnings ratio of 8.80 and a beta of 0.95. 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, Inc. has a 1 year low of $152.31 and a 1 year high of $187.44. The firm has a 50-day moving average of $180.76 and a two-hundred day moving average of $167.71.

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

Cheniere Energy announced that its board has approved a stock 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 buy up to 9.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

LNG has been the subject of a number of recent analyst reports. Stifel Nicolaus dropped their price target on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Barclays lifted their price target 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. Sanford C. Bernstein initiated coverage on shares of Cheniere Energy in a research note on Monday, June 24th. They set an “outperform” rating for the company. Finally, TD Cowen lifted their price target 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. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently 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.