Greenleaf Trust Has $990,000 Stake in Cheniere Energy, Inc. $LNG

Greenleaf Trust lessened its position in Cheniere Energy, Inc. (NYSE:LNG) by 3.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,064 shares of the energy company’s stock after selling 148 shares during the period. Greenleaf Trust’s holdings in Cheniere Energy were worth $990,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. HB Wealth Management LLC boosted its stake in shares of Cheniere Energy by 18.3% in the 2nd quarter. HB Wealth Management LLC now owns 3,056 shares of the energy company’s stock valued at $744,000 after purchasing an additional 472 shares in the last quarter. Kavar Capital Partners Group LLC boosted its position in Cheniere Energy by 3.8% in the second quarter. Kavar Capital Partners Group LLC now owns 20,327 shares of the energy company’s stock valued at $4,950,000 after buying an additional 737 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in Cheniere Energy by 6.3% in the second quarter. Janney Montgomery Scott LLC now owns 156,855 shares of the energy company’s stock valued at $38,197,000 after buying an additional 9,351 shares in the last quarter. Covenant Asset Management LLC boosted its position in Cheniere Energy by 0.7% in the second quarter. Covenant Asset Management LLC now owns 24,297 shares of the energy company’s stock valued at $5,917,000 after buying an additional 177 shares in the last quarter. Finally, V Square Quantitative Management LLC boosted its position in Cheniere Energy by 5.2% in the second quarter. V Square Quantitative Management LLC now owns 2,970 shares of the energy company’s stock valued at $723,000 after buying an additional 147 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Stock Down 1.1%

NYSE:LNG opened at $232.31 on Thursday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98. Cheniere Energy, Inc. has a 52-week low of $180.62 and a 52-week high of $257.65. The company has a market cap of $51.05 billion, a price-to-earnings ratio of 13.56 and a beta of 0.37. The stock’s fifty day moving average price is $235.26 and its two-hundred day moving average price is $232.74.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share (EPS) for the quarter, beating 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 earnings per share. The firm’s revenue for the quarter was up 42.8% compared to the same quarter last year. On average, analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on LNG. Jefferies Financial Group set a $288.00 target price on Cheniere Energy and gave the stock a “buy” rating in a report on Thursday, June 26th. Mizuho boosted their price objective on Cheniere Energy from $268.00 to $273.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Cowen reissued a “buy” rating on shares of Cheniere Energy in a research note on Friday, August 8th. BMO Capital Markets started coverage on Cheniere Energy in a research note on Friday, September 19th. They issued an “outperform” rating and a $268.00 price objective on the stock. Finally, TD Cowen upped their price target on shares of Cheniere Energy from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $263.60.

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.