Cheniere Energy, Inc. $LNG Shares Sold by OLD National Bancorp IN

OLD National Bancorp IN decreased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 5.1% in the 2nd quarter, Holdings Channel.com reports. The fund owned 1,296 shares of the energy company’s stock after selling 70 shares during the quarter. OLD National Bancorp IN’s holdings in Cheniere Energy were worth $316,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in LNG. Brighton Jones LLC acquired a new position in Cheniere Energy during the fourth quarter worth $335,000. Wedmont Private Capital lifted its stake in Cheniere Energy by 2.2% during the first quarter. Wedmont Private Capital now owns 2,815 shares of the energy company’s stock worth $620,000 after purchasing an additional 60 shares in the last quarter. Patriot Financial Group Insurance Agency LLC lifted its stake in Cheniere Energy by 18.2% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 1,458 shares of the energy company’s stock worth $337,000 after purchasing an additional 225 shares in the last quarter. Park Avenue Securities LLC lifted its stake in Cheniere Energy by 26.9% during the first quarter. Park Avenue Securities LLC now owns 6,609 shares of the energy company’s stock worth $1,529,000 after purchasing an additional 1,403 shares in the last quarter. Finally, Daymark Wealth Partners LLC acquired a new position in Cheniere Energy during the first quarter worth $432,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Price Performance

Cheniere Energy stock opened at $235.13 on Wednesday. The stock has a market cap of $51.67 billion, a P/E ratio of 13.73 and a beta of 0.37. The company has a fifty day simple moving average of $235.60 and a 200-day simple moving average of $232.97. Cheniere Energy, Inc. has a 12-month low of $180.62 and a 12-month high of $257.65. 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 (NYSE:LNG) last released its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $4.48 billion. During the same period in the previous year, the company earned $3.84 EPS. The company’s revenue for the quarter was up 42.8% on a year-over-year basis. Equities analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on LNG shares. Bank of America lifted their target price on Cheniere Energy from $258.00 to $271.00 and gave the company a “buy” rating in a report on Wednesday, June 25th. Scotiabank restated 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 Cheniere Energy and gave the stock a “buy” rating in a report on Thursday, June 26th. BMO Capital Markets began coverage on Cheniere Energy in a report on Friday, September 19th. They set an “outperform” rating and a $268.00 price target on the stock. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Cheniere Energy in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target 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.