Lbp Am Sa Trims Stock Position in Cheniere Energy, Inc. $LNG

Key Points

• Lbp Am Sa reduced its stake in Cheniere Energy by 70.4%, selling 19,204 shares and leaving it with only 8,063 shares valued at approximately $1.96 million.
• Other institutional investors have increased their positions in Cheniere Energy, with Trivium Point Advisory LLC raising its stake by 25.8% and others completing similar increases, highlighting strong institutional interest.
• Cheniere Energy reported a significant quarter with earnings per share of $7.30, surpassing expectations and an annual revenue growth of 42.8% year-over-year.

Lbp Am Sa cut its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 70.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,063 shares of the energy company's stock after selling 19,204 shares during the quarter. Lbp Am Sa's holdings in Cheniere Energy were worth $1,964,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Trivium Point Advisory LLC increased its position in shares of Cheniere Energy by 25.8% during the second quarter. Trivium Point Advisory LLC now owns 35,262 shares of the energy company's stock worth $8,587,000 after acquiring an additional 7,233 shares during the period. Spectrum Strategic Capital Management LLC purchased a new position in shares of Cheniere Energy during the second quarter worth approximately $1,131,000. HB Wealth Management LLC increased its position in shares of Cheniere Energy by 18.3% during the second quarter. HB Wealth Management LLC now owns 3,056 shares of the energy company's stock worth $744,000 after acquiring an additional 472 shares during the period. Kavar Capital Partners Group LLC increased its position in shares of Cheniere Energy by 3.8% during the second quarter. Kavar Capital Partners Group LLC now owns 20,327 shares of the energy company's stock worth $4,950,000 after acquiring an additional 737 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in shares of Cheniere Energy by 6.3% during the second quarter. Janney Montgomery Scott LLC now owns 156,855 shares of the energy company's stock worth $38,197,000 after acquiring an additional 9,351 shares during the period. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Price Performance

NYSE LNG opened at $231.68 on Friday. The firm's fifty day simple moving average is $235.38 and its two-hundred day simple moving average is $232.80. 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 $180.62 and a 12-month high of $257.65. The firm has a market capitalization of $50.92 billion, a P/E ratio of 13.52 and a beta of 0.37.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share (EPS) for the quarter, topping 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 business had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.48 billion. During the same period in the previous year, the company earned $3.84 earnings per share. The business's revenue for the quarter was up 42.8% on a year-over-year basis. Analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Mizuho lifted their price objective on shares of Cheniere Energy from $268.00 to $273.00 and gave the company an "outperform" rating in a report on Friday, August 29th. BMO Capital Markets assumed coverage on shares of Cheniere Energy in a report on Friday, September 19th. They set an "outperform" rating and a $268.00 price objective on the stock. TD Cowen lifted their price objective on shares of Cheniere Energy from $265.00 to $270.00 and gave the company a "buy" rating in a report on Friday, August 8th. Cowen reissued a "buy" rating on shares of Cheniere Energy in a report on Friday, August 8th. Finally, Jefferies Financial Group set a $288.00 price objective on shares of Cheniere Energy and gave the company a "buy" rating in a report on Thursday, June 26th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $263.60.

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.

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