Kathmere Capital Management LLC Invests $214,000 in Cheniere Energy, Inc. (NYSE:LNG)

Kathmere Capital Management LLC bought a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 1,223 shares of the energy company’s stock, valued at approximately $214,000.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Quarry LP boosted its holdings in Cheniere Energy by 156.3% in 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 period. V Square Quantitative Management LLC boosted its stake in shares of Cheniere Energy by 49.3% in the 4th quarter. V Square Quantitative Management LLC now owns 3,299 shares of the energy company’s stock valued at $563,000 after purchasing an additional 1,089 shares during the last quarter. Scarborough Advisors LLC bought a new stake in shares of Cheniere Energy in the 4th quarter valued at $163,000. Chicago Partners Investment Group LLC boosted its stake in shares of Cheniere Energy by 9.4% in the 4th quarter. Chicago Partners Investment Group LLC now owns 24,714 shares of the energy company’s stock valued at $4,086,000 after purchasing an additional 2,119 shares during the last quarter. Finally, Syon Capital LLC boosted its stake in shares of Cheniere Energy by 4.7% in the 4th quarter. Syon Capital LLC now owns 1,618 shares of the energy company’s stock valued at $276,000 after purchasing an additional 73 shares during the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Price Performance

LNG stock opened at $179.63 on Monday. The firm has a 50 day moving average of $180.74 and a 200-day moving average of $168.76. The company has a current ratio of 1.02, a quick ratio of 0.93 and a debt-to-equity ratio of 2.63. Cheniere Energy, Inc. has a 12 month low of $152.31 and a 12 month high of $187.44. The firm has a market capitalization of $41.12 billion, a P/E ratio of 8.75 and a beta of 0.95.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, August 8th. The energy company reported $3.84 EPS for the quarter, topping 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 net margin of 27.05% and a return on equity of 39.42%. The business’s revenue was down 19.6% compared to the same quarter last year. During the same period last year, the firm posted $5.61 earnings per share. As a group, sell-side analysts predict that Cheniere Energy, Inc. will post 9.74 earnings per share for the current fiscal year.

Cheniere Energy declared that its Board of Directors has approved a stock repurchase program on Monday, June 17th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the energy company to repurchase up to 9.6% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LNG. Stifel Nicolaus cut their target price on shares of 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 initiated coverage on shares of Cheniere Energy in a report on Monday, June 24th. They set an “outperform” rating for the company. TD Cowen increased their target price on shares of Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. Finally, Barclays increased their target price 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. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.