Cheniere Energy, Inc. (NYSE:LNG) Shares Acquired by Ballentine Partners LLC

Ballentine Partners LLC increased its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 7.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,240 shares of the energy company’s stock after acquiring an additional 285 shares during the period. Ballentine Partners LLC’s holdings in Cheniere Energy were worth $763,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LNG. Daiwa Securities Group Inc. grew its stake in shares of Cheniere Energy by 27.1% in the 1st quarter. Daiwa Securities Group Inc. now owns 29,235 shares of the energy company’s stock worth $4,715,000 after purchasing an additional 6,235 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Cheniere Energy by 6.7% in the first quarter. Sei Investments Co. now owns 187,236 shares of the energy company’s stock valued at $30,198,000 after buying an additional 11,800 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S lifted its position in shares of Cheniere Energy by 103.3% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 31,577 shares of the energy company’s stock valued at $5,093,000 after acquiring an additional 16,044 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Cheniere Energy by 215.7% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 62,551 shares of the energy company’s stock worth $10,936,000 after acquiring an additional 42,737 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC acquired a new position in shares of Cheniere Energy in the 1st quarter worth $818,000. 87.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LNG. Stifel Nicolaus reduced their target price on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a report on Friday, August 9th. Bank of America began coverage on shares of Cheniere Energy in a report on Thursday, October 17th. They issued a “buy” rating and a $215.00 target price for the company. Royal Bank of Canada boosted their price target on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Finally, Barclays raised their price objective on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $200.00.

Cheniere Energy Trading Down 0.8 %

Shares of NYSE:LNG opened at $184.93 on Friday. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $193.16. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 2.63. The firm has a market capitalization of $42.33 billion, a P/E ratio of 9.01 and a beta of 0.94. The firm has a fifty day moving average of $183.09 and a two-hundred day moving average of $172.25.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, August 8th. The energy company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.12. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $2.04 billion. On average, equities analysts expect that Cheniere Energy, Inc. will post 9.76 EPS for the current fiscal year.

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.