Vontobel Holding Ltd. Sells 488 Shares of Cheniere Energy, Inc. $LNG

Vontobel Holding Ltd. cut its position in Cheniere Energy, Inc. (NYSE:LNG) by 2.4% in the second quarter, HoldingsChannel.com reports. The firm owned 19,549 shares of the energy company’s stock after selling 488 shares during the period. Vontobel Holding Ltd.’s holdings in Cheniere Energy were worth $4,761,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of LNG. Pinnacle Bancorp Inc. increased its holdings in shares of Cheniere Energy by 134.1% during the second quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock valued at $25,000 after acquiring an additional 59 shares in the last quarter. Hilltop National Bank acquired a new position in shares of Cheniere Energy during the second quarter valued at about $28,000. Cooksen Wealth LLC acquired a new position in shares of Cheniere Energy during the first quarter valued at about $38,000. WPG Advisers LLC acquired a new position in shares of Cheniere Energy during the first quarter valued at about $38,000. Finally, Tsfg LLC increased its holdings in shares of Cheniere Energy by 676.0% during the first quarter. Tsfg LLC now owns 194 shares of the energy company’s stock valued at $45,000 after acquiring an additional 169 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Mizuho upped their price objective on shares of Cheniere Energy from $268.00 to $273.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Jefferies Financial Group set a $288.00 target price on Cheniere Energy and gave the company a “buy” rating in a research report on Thursday, June 26th. Wells Fargo & Company upped their target price on Cheniere Energy from $267.00 to $284.00 and gave the company an “overweight” rating in a research report on Tuesday, August 12th. BMO Capital Markets began coverage on Cheniere Energy in a research report on Friday, September 19th. They issued an “outperform” rating and a $268.00 target price on the stock. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Cheniere Energy in a research report on Wednesday. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $263.60.

Cheniere Energy Trading Down 1.7%

Cheniere Energy stock opened at $227.56 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 1.96. Cheniere Energy, Inc. has a 12 month low of $180.62 and a 12 month high of $257.65. The stock’s 50 day simple moving average is $235.33 and its two-hundred day simple moving average is $232.94. The firm has a market cap of $50.01 billion, a PE ratio of 13.28 and a beta of 0.37.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Thursday, August 7th. The energy company reported $7.30 EPS for the quarter, topping the consensus estimate of $2.35 by $4.95. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The business had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.48 billion. During the same quarter in the prior year, the firm posted $3.84 EPS. The business’s quarterly revenue was up 42.8% compared to the same quarter last year. Analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy 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.