Robeco Institutional Asset Management B.V. Sells 187,451 Shares of Cheniere Energy, Inc. $LNG

Key Points

• Robeco Institutional Asset Management B.V. reduced its stake in Cheniere Energy, Inc. by 11.7%, selling 187,451 shares during the second quarter, and now owns approximately 0.64% of the company, valued at $345.2 million.
• Multiple institutional investors increased their positions in Cheniere Energy, with significant increases from Pinnacle Bancorp Inc. (up 134.1%) and Caitong International Asset Management Co. Ltd (up 2,587.5%).
• Cheniere Energy reported earnings of $7.30 per share for the last quarter, significantly surpassing analysts' expectations of $2.35, with a 42.8% year-over-year revenue growth to $4.64 billion.

Robeco Institutional Asset Management B.V. lessened its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 11.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,417,658 shares of the energy company's stock after selling 187,451 shares during the quarter. Robeco Institutional Asset Management B.V. owned about 0.64% of Cheniere Energy worth $345,228,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Pinnacle Bancorp Inc. boosted its position in shares of Cheniere Energy by 134.1% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company's stock worth $25,000 after purchasing an additional 59 shares in the last quarter. Cooksen Wealth LLC bought a new position in shares of Cheniere Energy during the 1st quarter worth about $38,000. WPG Advisers LLC bought a new position in shares of Cheniere Energy during the 1st quarter worth about $38,000. Tsfg LLC boosted its position in shares of Cheniere Energy by 676.0% during the 1st quarter. Tsfg LLC now owns 194 shares of the energy company's stock worth $45,000 after purchasing an additional 169 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its position in shares of Cheniere Energy by 2,587.5% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 215 shares of the energy company's stock worth $50,000 after purchasing an additional 207 shares in the last quarter. Institutional investors own 87.26% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on LNG shares. Jefferies Financial Group set a $288.00 target price on shares of Cheniere Energy and gave the stock a "buy" rating in a report on Thursday, June 26th. BMO Capital Markets started coverage on shares of Cheniere Energy in a report on Friday, September 19th. They issued an "outperform" rating and a $268.00 target price on the stock. Bank of America upped their target price on shares of Cheniere Energy from $258.00 to $271.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Mizuho upped their target price on shares of Cheniere Energy from $268.00 to $273.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. Finally, Cowen restated a "buy" rating on shares of Cheniere Energy in a report on Friday, August 8th. One equities research 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. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $263.60.

Cheniere Energy Trading Down 1.1%

Shares of LNG stock opened at $232.31 on Thursday. Cheniere Energy, Inc. has a 52-week low of $180.62 and a 52-week 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 company has a 50-day simple moving average of $235.26 and a two-hundred day simple moving average of $232.74. The company has a market capitalization of $51.05 billion, a price-to-earnings ratio of 13.56 and a beta of 0.37.

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

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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