Gateway Investment Advisers LLC Sells 3,125 Shares of Cheniere Energy, Inc. $LNG

Key Points

• Gateway Investment Advisers LLC has decreased its position in Cheniere Energy, selling 3,125 shares and now holding 48,656 shares, valued at approximately $11.85 million.
• Analysts have raised their price targets for Cheniere Energy, with Cowen setting a target of $270 and Wells Fargo increasing it to $284, indicating a positive outlook for the stock.
• Cheniere Energy reported strong earnings, posting $7.30 per share, significantly surpassing analyst expectations of $2.35, with revenues rising 42.8% year-over-year.

Gateway Investment Advisers LLC reduced its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 6.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 48,656 shares of the energy company's stock after selling 3,125 shares during the quarter. Gateway Investment Advisers LLC's holdings in Cheniere Energy were worth $11,849,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. REAP Financial Group LLC lifted its stake in shares of Cheniere Energy by 150.0% in the 4th quarter. REAP Financial Group LLC now owns 125 shares of the energy company's stock valued at $27,000 after acquiring an additional 75 shares during the last quarter. Cooksen Wealth LLC bought a new stake in shares of Cheniere Energy in the 1st quarter valued at about $38,000. WPG Advisers LLC bought a new stake in shares of Cheniere Energy in the 1st quarter valued at about $38,000. Ameriflex Group Inc. bought a new stake in shares of Cheniere Energy in the 4th quarter valued at about $42,000. Finally, Tsfg LLC lifted its stake in shares of Cheniere Energy by 676.0% in the 1st quarter. Tsfg LLC now owns 194 shares of the energy company's stock valued at $45,000 after acquiring an additional 169 shares during the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on LNG shares. Jefferies Financial Group set a $288.00 target price on Cheniere Energy and gave the company a "buy" rating in a research note on Thursday, June 26th. Cowen reissued a "buy" rating on shares of Cheniere Energy in a research note on Friday, August 8th. Wells Fargo & Company boosted their target price on Cheniere Energy from $267.00 to $284.00 and gave the company an "overweight" rating in a research note on Tuesday, August 12th. Barclays reaffirmed an "overweight" rating and set a $262.00 price target (up previously from $253.00) on shares of Cheniere Energy in a research report on Tuesday, July 15th. Finally, TD Cowen upped their price target on Cheniere Energy from $265.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $263.60.

Cheniere Energy Stock Down 1.2%

LNG traded down $2.92 during trading on Friday, hitting $231.42. 3,066,329 shares of the company's stock traded hands, compared to its average volume of 1,452,719. The company's 50 day simple moving average is $234.82 and its two-hundred day simple moving average is $231.76. 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 $177.56 and a 12-month high of $257.65. The stock has a market capitalization of $50.86 billion, a price-to-earnings ratio of 13.51 and a beta of 0.43.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its earnings results on Thursday, August 7th. The energy company reported $7.30 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 the consensus estimate of $4.48 billion. During the same period last year, the business posted $3.84 EPS. The company's revenue was up 42.8% compared to the same quarter last year. Analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy Company 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.