MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH Reduces Stock Position in Cheniere Energy, Inc. $LNG

Key Points

• MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH reduced its stake in Cheniere Energy, Inc. by 53% in Q2, leaving it with 5,433 shares valued at approximately $1.32 million.
• Analysts have a positive outlook for Cheniere Energy, with several firms raising their price targets, the highest being $288 by Jefferies Financial Group, and a consensus rating of "Buy."
• Cheniere Energy reported a strong quarterly earnings performance with an EPS of $7.30, significantly surpassing analyst expectations of $2.35.

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH cut its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 53.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,433 shares of the energy company's stock after selling 6,131 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH's holdings in Cheniere Energy were worth $1,323,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in LNG. Altman Advisors Inc. boosted its stake in Cheniere Energy by 0.4% during the first quarter. Altman Advisors Inc. now owns 10,162 shares of the energy company's stock worth $2,348,000 after acquiring an additional 43 shares in the last quarter. Greenleaf Trust raised its stake in shares of Cheniere Energy by 1.1% in the first quarter. Greenleaf Trust now owns 4,212 shares of the energy company's stock worth $975,000 after buying an additional 46 shares during the period. Hemington Wealth Management lifted its stake in shares of Cheniere Energy by 14.0% during the 1st quarter. Hemington Wealth Management now owns 390 shares of the energy company's stock valued at $90,000 after buying an additional 48 shares in the last quarter. Brooklyn Investment Group increased its holdings in Cheniere Energy by 5.0% in the 1st quarter. Brooklyn Investment Group now owns 1,007 shares of the energy company's stock valued at $233,000 after acquiring an additional 48 shares during the last quarter. Finally, Venturi Wealth Management LLC boosted its position in shares of Cheniere Energy by 4.0% during the 1st quarter. Venturi Wealth Management LLC now owns 1,356 shares of the energy company's stock valued at $314,000 after acquiring an additional 52 shares during the last quarter. Institutional investors own 87.26% of the company's stock.

Wall Street Analyst Weigh In

LNG has been the topic of a number of recent research reports. Bank of America upped their price objective on Cheniere Energy from $258.00 to $271.00 and gave the company a "buy" rating in a research report on Wednesday, June 25th. TD Cowen increased their price target on Cheniere Energy from $265.00 to $270.00 and gave the stock a "buy" rating in a research report 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 objective for the company. Wells Fargo & Company lifted their price objective on shares of Cheniere Energy from $267.00 to $284.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 12th. Finally, Jefferies Financial Group set a $288.00 target price on Cheniere Energy and gave the company a "buy" rating in a research report on Thursday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Cheniere Energy presently has an average rating of "Buy" and a consensus price target of $263.60.

Cheniere Energy Stock Up 0.3%

LNG stock opened at $237.38 on Friday. The firm has a market cap of $52.17 billion, a PE ratio of 13.86 and a beta of 0.43. Cheniere Energy, Inc. has a one year low of $177.56 and a one year high of $257.65. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98. The firm's fifty day moving average is $234.78 and its 200 day moving average is $232.15.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.48 billion. During the same period last year, the company earned $3.84 earnings per share. Cheniere Energy's quarterly revenue was up 42.8% compared to the same quarter last year. On average, research analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current 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.

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