2 weeks Ago By ABMN Staff
MBB Public Markets I LLC cut its holdings in Cheniere Energy, Inc. ( NYSE:LNG – Free Report ) by 38.0% during the second quarter, according to its most recent Form 13F filing with the SEC.
The firm owned 23,258 shares of the energy company’s stock after selling 14,262 shares during the period. MBB Public Markets I LLC’s holdings in Cheniere Energy were worth $4,066,000 as of its most recent filing with the SEC. Several other institutional investors also recently added to or reduced their stakes in the business.
Crewe Advisors LLC bought a new position in Cheniere Energy during the first quarter worth $26,000. MCF Advisors LLC acquired a new position in shares of Cheniere Energy during the second quarter valued at about $26,000. Lynx Investment Advisory acquired a new position in shares of Cheniere Energy during the second quarter valued at about $27,000.
Carolinas Wealth Consulting LLC increased its stake in Cheniere Energy by 5,000.0% during the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock valued at $27,000 after acquiring an additional 150 shares during the period.
Finally, Cooksen Wealth LLC acquired a new position in Cheniere Energy in the 4th quarter valued at approximately $28,000. 87.26% of the stock is owned by institutional investors.
Cheniere Energy Stock Up 0.7 % Shares of NYSE:LNG opened at $179.56 on Friday.
The company’s fifty day moving average is $180.79 and its 200-day moving average is $168.43.
The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.93 and a current ratio of 1.
02. Cheniere Energy, Inc. has a 52 week low of $152.
31 and a 52 week high of $187.44. The company has a market capitalization of $40.
63 billion, a PE ratio of 8.75 and a beta of 0.95.
Cheniere Energy announced that its board has authorized a share buyback plan on Monday, June 17th that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the energy company to repurchase up to 9.
6% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued. Analysts Set New Price Targets LNG has been the topic of several recent research reports.
Stifel Nicolaus decreased their price objective on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a report on Friday, August 9th.
Barclays lifted their price target on shares of Cheniere Energy from $194.00 to $199.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 17th.
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.
Finally, TD Cowen raised their price objective on shares of Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a report on Monday, June 17th.
Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $196.25.
View Our Latest Report on LNG About Cheniere Energy ( Free Report ) 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. See Also Want to see what other hedge funds are holding LNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cheniere Energy, Inc.
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