Bay Colony Advisory Group Inc d b a Bay Colony Advisors Purchases 652 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in Cheniere Energy, Inc. (NYSE:LNG) by 12.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,031 shares of the energy company’s stock after acquiring an additional 652 shares during the period. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Cheniere Energy were worth $1,085,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. MCF Advisors LLC bought a new position in shares of Cheniere Energy in the 2nd quarter worth approximately $26,000. Moisand Fitzgerald Tamayo LLC bought a new position in shares of Cheniere Energy in the 3rd quarter worth approximately $27,000. Lynx Investment Advisory bought a new position in shares of Cheniere Energy in the 2nd quarter worth approximately $27,000. Carolinas Wealth Consulting LLC raised its position in shares of Cheniere Energy by 5,000.0% in the 2nd quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock worth $27,000 after acquiring an additional 150 shares in the last quarter. Finally, Crewe Advisors LLC bought a new position in shares of Cheniere Energy in the 1st quarter worth approximately $26,000. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Down 1.1 %

LNG traded down $2.03 during trading on Monday, hitting $182.90. 168,524 shares of the company’s stock traded hands, compared to its average volume of 1,746,805. The company’s 50 day simple moving average is $183.09 and its two-hundred day simple moving average is $172.45. The company has a current ratio of 1.02, a quick ratio of 0.93 and a debt-to-equity ratio of 2.63. Cheniere Energy, Inc. has a 12-month low of $152.31 and a 12-month high of $193.16. The stock has a market capitalization of $41.87 billion, a price-to-earnings ratio of 9.01 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, August 8th. The energy company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.83 by $0.12. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. The business had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $2.04 billion. Analysts predict that Cheniere Energy, Inc. will post 9.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

LNG has been the topic of several recent research reports. Bank of America initiated coverage on Cheniere Energy in a research note on Thursday, October 17th. They issued a “buy” rating and a $215.00 price target on the stock. Barclays upped their price target on Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 15th. Royal Bank of Canada upped their price target on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Finally, Stifel Nicolaus cut their price target on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Cheniere Energy currently has a consensus rating of “Moderate Buy” and a consensus price target of $200.00.

Cheniere Energy 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.