Joel Isaacson & Co. LLC Sells 400 Shares of Cheniere Energy, Inc. $LNG

Joel Isaacson & Co. LLC reduced its stake in Cheniere Energy, Inc. (NYSE:LNG) by 26.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,124 shares of the energy company’s stock after selling 400 shares during the period. Joel Isaacson & Co. LLC’s holdings in Cheniere Energy were worth $274,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. increased its stake in Cheniere Energy by 27.6% in the first quarter. American Century Companies Inc. now owns 1,304,253 shares of the energy company’s stock valued at $301,804,000 after purchasing an additional 282,050 shares in the last quarter. Thompson Davis & CO. Inc. bought a new stake in Cheniere Energy in the first quarter valued at $529,000. Kayne Anderson Capital Advisors LP increased its stake in Cheniere Energy by 7.6% in the first quarter. Kayne Anderson Capital Advisors LP now owns 1,494,901 shares of the energy company’s stock valued at $345,920,000 after purchasing an additional 105,875 shares in the last quarter. Fractal Investments LLC increased its stake in Cheniere Energy by 27.7% in the first quarter. Fractal Investments LLC now owns 75,585 shares of the energy company’s stock valued at $17,490,000 after purchasing an additional 16,385 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Cheniere Energy by 7.5% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,505 shares of the energy company’s stock valued at $5,439,000 after buying an additional 1,630 shares during the last quarter. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Stock Up 0.8%

Cheniere Energy stock opened at $235.13 on Wednesday. Cheniere Energy, Inc. has a fifty-two week low of $180.62 and a fifty-two week high of $257.65. The stock has a market cap of $51.67 billion, a PE ratio of 13.73 and a beta of 0.37. The firm’s 50-day simple moving average is $235.60 and its 200 day simple moving average is $232.97. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share 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 analysts’ expectations of $4.48 billion. During the same period in the previous year, the company earned $3.84 earnings per share. The firm’s revenue for the quarter was up 42.8% compared to the same quarter last year. Research analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on LNG shares. Wells Fargo & Company lifted their price objective on shares of Cheniere Energy from $267.00 to $284.00 and gave the company an “overweight” rating in a report on Tuesday, August 12th. 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. 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. 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. Finally, Scotiabank reiterated an “outperform” rating on shares of Cheniere Energy in a report on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cheniere Energy has an average 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.