Kieckhefer Group LLC Raises Position in Cheniere Energy, Inc. $LNG

Key Points

• Kieckhefer Group LLC increased its holdings in Cheniere Energy, Inc. by 6.3% during the 2nd quarter, owning 18,870 shares valued at approximately $4.6 million.
• Several analysts issued positive ratings for Cheniere Energy, with price targets ranging from $262.00 to $284.00, indicating a consensus rating of "Buy."
• Cheniere Energy's recent earnings report showed a significant earnings per share (EPS) of $7.30, greatly exceeding analysts' expectations of $2.35.

Kieckhefer Group LLC lifted its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 6.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,870 shares of the energy company's stock after buying an additional 1,125 shares during the quarter. Cheniere Energy comprises 2.5% of Kieckhefer Group LLC's holdings, making the stock its 11th biggest position. Kieckhefer Group LLC's holdings in Cheniere Energy were worth $4,595,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Cheniere Energy by 0.3% during the first quarter. Vanguard Group Inc. now owns 20,937,749 shares of the energy company's stock worth $4,844,995,000 after acquiring an additional 54,801 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of Cheniere Energy by 12.9% during 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 buying an additional 534,033 shares during the last quarter. Invesco Ltd. grew its stake in shares of Cheniere Energy by 7.9% during the 1st 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. increased 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 worth $737,149,000 after purchasing an additional 359,435 shares in the last quarter. Finally, Amundi lifted its position 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 worth $595,245,000 after buying an additional 7,297 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Stock Performance

Shares of NYSE LNG traded down $0.65 during mid-day trading on Monday, hitting $230.85. The company had a trading volume of 1,725,265 shares, compared to its average volume of 1,534,357. The firm's 50 day simple moving average is $234.60 and its two-hundred day simple moving average is $231.95. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85. The stock has a market cap of $50.73 billion, a price-to-earnings ratio of 13.48 and a beta of 0.43. Cheniere Energy, Inc. has a 12 month low of $177.56 and a 12 month high of $257.65.

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

Analyst Upgrades and Downgrades

LNG has been the topic of a number of recent research reports. Mizuho increased their price target on Cheniere Energy from $268.00 to $273.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Bank of America upped their price objective on Cheniere Energy from $258.00 to $271.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Scotiabank reiterated an "outperform" rating on shares of Cheniere Energy in a report on Tuesday, July 15th. Jefferies Financial Group set a $288.00 price target on shares of Cheniere Energy and gave the stock a "buy" rating in a report on Thursday, June 26th. Finally, BMO Capital Markets began coverage on Cheniere Energy in a report on Friday. They set an "outperform" rating and a $268.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Buy" and an average 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.