Alpine Woods Capital Investors LLC Sells 685 Shares of Cheniere Energy, Inc. $LNG

Alpine Woods Capital Investors LLC reduced its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 5.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,126 shares of the energy company’s stock after selling 685 shares during the quarter. Alpine Woods Capital Investors LLC’s holdings in Cheniere Energy were worth $2,953,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of LNG. Kingstone Capital Partners Texas LLC bought a new stake in Cheniere Energy during the second quarter worth $384,806,000. Nuveen LLC bought a new stake in Cheniere Energy during the first quarter worth $294,793,000. Massachusetts Financial Services Co. MA increased its position in Cheniere Energy by 12.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,660,545 shares of the energy company’s stock worth $1,078,450,000 after buying an additional 534,033 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Cheniere Energy by 33.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,031,767 shares of the energy company’s stock worth $470,151,000 after buying an additional 504,960 shares during the last quarter. Finally, Royal Bank of Canada increased its position in Cheniere Energy by 25.7% in the first quarter. Royal Bank of Canada now owns 2,395,267 shares of the energy company’s stock worth $554,265,000 after buying an additional 488,994 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

LNG has been the subject of a number of recent research reports. Cowen reissued a “buy” rating on shares of Cheniere Energy in a research report on Friday, August 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Cheniere Energy in a research report on Wednesday, October 8th. Scotiabank reissued an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. TD Cowen raised their target price on Cheniere Energy from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Finally, BMO Capital Markets initiated coverage on Cheniere Energy in a research report on Friday, September 19th. They issued an “outperform” rating and a $268.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $263.60.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $227.04 on Tuesday. The stock has a market cap of $49.90 billion, a PE ratio of 13.25 and a beta of 0.37. Cheniere Energy, Inc. has a fifty-two week low of $180.62 and a fifty-two 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 stock has a fifty day moving average of $235.03 and a 200-day moving average of $232.99.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share for the quarter, beating the consensus estimate of $2.35 by $4.95. The company had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.48 billion. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The firm’s quarterly revenue was up 42.8% compared to the same quarter last year. During the same period in the previous year, the business earned $3.84 earnings per share. Equities research analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current 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.