Diversified Trust Co Lowers Holdings in Cheniere Energy, Inc. $LNG

Key Points

• Diversified Trust Co reduced its holdings in Cheniere Energy by 49.7% in the second quarter, ending with 1,381 shares valued at $336,000.
• Cheniere Energy reported $7.30 EPS for the last quarter, significantly exceeding analysts' expectations of $2.35, and generated revenues of $4.64 billion.
• Multiple analysts upgraded Cheniere Energy's stock, with Mizuho and Wells Fargo raising their price targets to $273.00 and $284.00, respectively.

Diversified Trust Co decreased its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 49.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,381 shares of the energy company's stock after selling 1,363 shares during the quarter. Diversified Trust Co's holdings in Cheniere Energy were worth $336,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. boosted its stake in shares of Cheniere Energy by 0.3% in the first quarter. Vanguard Group Inc. now owns 20,937,749 shares of the energy company's stock valued at $4,844,995,000 after purchasing an additional 54,801 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Cheniere Energy by 12.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,660,545 shares of the energy company's stock valued at $1,078,450,000 after purchasing an additional 534,033 shares during the period. Invesco Ltd. boosted its stake in shares of Cheniere Energy by 7.9% in the first quarter. Invesco Ltd. now owns 3,492,443 shares of the energy company's stock valued at $808,151,000 after purchasing an additional 255,140 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Cheniere Energy by 12.7% in the first quarter. Goldman Sachs Group Inc. now owns 3,185,605 shares of the energy company's stock valued at $737,149,000 after purchasing an additional 359,435 shares during the period. Finally, Amundi boosted its stake in shares of Cheniere Energy by 0.3% in the first quarter. Amundi now owns 2,703,299 shares of the energy company's stock valued at $595,245,000 after purchasing an additional 7,297 shares during the period. Hedge funds and other institutional investors own 87.26% of the company's stock.

Cheniere Energy Stock Up 1.6%

LNG stock opened at $234.51 on Wednesday. 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 twelve month low of $177.56 and a twelve month high of $257.65. The company's 50 day moving average is $234.58 and its two-hundred day moving average is $231.96. The stock has a market cap of $51.54 billion, a P/E ratio of 13.69 and a beta of 0.43.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its 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. The business had revenue of $4.64 billion for the quarter, compared to analysts' expectations of $4.48 billion. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The company's quarterly revenue was up 42.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.84 EPS. Research analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Scotiabank reiterated an "outperform" rating on shares of Cheniere Energy in a research note on Tuesday, July 15th. Cowen reiterated a "buy" rating on shares of Cheniere Energy in a research note on Friday, August 8th. BMO Capital Markets assumed coverage on shares of Cheniere Energy in a research note on Friday, September 19th. They issued an "outperform" rating and a $268.00 price target for the company. Mizuho lifted their price target on shares of Cheniere Energy from $268.00 to $273.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Finally, Wells Fargo & Company lifted their price target on shares of Cheniere Energy from $267.00 to $284.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Cheniere Energy currently has an average rating of "Buy" and a consensus target price 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.

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