Citizens Business Bank Purchases 1,034 Shares of Cheniere Energy, Inc. $LNG

Citizens Business Bank lifted its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 3.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,173 shares of the energy company’s stock after purchasing an additional 1,034 shares during the period. Cheniere Energy accounts for approximately 1.7% of Citizens Business Bank’s investment portfolio, making the stock its 15th biggest holding. Citizens Business Bank’s holdings in Cheniere Energy were worth $8,565,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. American Century Companies Inc. grew its position in Cheniere Energy by 27.6% during the first quarter. American Century Companies Inc. now owns 1,304,253 shares of the energy company’s stock worth $301,804,000 after buying an additional 282,050 shares in the last quarter. Thompson Davis & CO. Inc. acquired a new stake in Cheniere Energy during the first quarter worth approximately $529,000. Kayne Anderson Capital Advisors LP grew its position in Cheniere Energy by 7.6% during the first quarter. Kayne Anderson Capital Advisors LP now owns 1,494,901 shares of the energy company’s stock worth $345,920,000 after buying an additional 105,875 shares in the last quarter. Fractal Investments LLC grew its position in Cheniere Energy by 27.7% during the first quarter. Fractal Investments LLC now owns 75,585 shares of the energy company’s stock worth $17,490,000 after buying an additional 16,385 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Cheniere Energy by 7.5% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,505 shares of the energy company’s stock worth $5,439,000 after buying an additional 1,630 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Down 0.6%

Shares of LNG opened at $218.67 on Friday. Cheniere Energy, Inc. has a 52 week low of $180.62 and a 52 week high of $257.65. The stock has a market capitalization of $48.06 billion, a price-to-earnings ratio of 12.77 and a beta of 0.37. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98. The stock has a fifty day moving average of $234.02 and a 200-day moving average of $232.74.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 EPS for the quarter, beating analysts’ consensus estimates of $2.35 by $4.95. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The company had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.48 billion. During the same period in the prior year, the company earned $3.84 EPS. Cheniere Energy’s revenue was up 42.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on LNG shares. Zacks Research raised Cheniere Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Cheniere Energy in a research report on Wednesday, October 8th. Mizuho raised their target price on Cheniere Energy from $268.00 to $273.00 and gave the company an “outperform” rating in a report on Friday, August 29th. TD Cowen raised their target price on Cheniere Energy from $265.00 to $270.00 and gave the company a “buy” rating in a report on Friday, August 8th. Finally, Cowen reaffirmed a “buy” rating on shares of Cheniere Energy in a report on Friday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average target price of $266.93.

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.