Generali Asset Management SPA SGR Sells 2,002 Shares of Cheniere Energy, Inc. $LNG

Generali Asset Management SPA SGR decreased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 6.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 27,241 shares of the energy company’s stock after selling 2,002 shares during the period. Generali Asset Management SPA SGR’s holdings in Cheniere Energy were worth $7,329,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of LNG. Asset Management One Co. Ltd. increased its stake in Cheniere Energy by 1.0% in the 3rd quarter. Asset Management One Co. Ltd. now owns 81,810 shares of the energy company’s stock worth $22,009,000 after buying an additional 830 shares during the period. Latitude Advisors LLC bought a new stake in shares of Cheniere Energy in the 3rd quarter valued at about $97,000. SYM FINANCIAL Corp purchased a new stake in shares of Cheniere Energy in the 3rd quarter worth approximately $247,000. Harrison Street Private Wealth LLC lifted its position in shares of Cheniere Energy by 5.7% in the 3rd quarter. Harrison Street Private Wealth LLC now owns 11,637 shares of the energy company’s stock worth $3,131,000 after purchasing an additional 623 shares during the period. Finally, Park Avenue Securities LLC boosted its stake in shares of Cheniere Energy by 10.0% during the third quarter. Park Avenue Securities LLC now owns 4,200 shares of the energy company’s stock valued at $1,130,000 after purchasing an additional 381 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Down 0.8%

NYSE:LNG opened at $297.28 on Thursday. The company’s 50-day simple moving average is $280.16 and its 200-day simple moving average is $254.38. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.72 and a current ratio of 0.87. Cheniere Energy, Inc. has a fifty-two week low of $186.20 and a fifty-two week high of $304.73. The stock has a market capitalization of $61.40 billion, a P/E ratio of 22.14, a P/E/G ratio of 1.19 and a beta of 0.06.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, August 6th. The energy company reported $3.02 EPS for the quarter, missing the consensus estimate of $3.11 by ($0.09). The firm had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $4.92 billion. Cheniere Energy had a return on equity of 29.80% and a net margin of 13.57%. The company’s revenue was up 23.5% compared to the same quarter last year. During the same quarter last year, the firm earned $7.30 EPS. On average, equities analysts anticipate that Cheniere Energy, Inc. will post 20.86 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently issued reports on the stock. Jefferies Financial Group reissued a “buy” rating and set a $336.00 price objective on shares of Cheniere Energy in a report on Saturday, October 10th. Argus set a $330.00 price target on Cheniere Energy in a report on Tuesday, August 18th. TD Cowen reiterated a “buy” rating on shares of Cheniere Energy in a report on Friday, October 16th. Raymond James Financial reissued a “strong-buy” rating and issued a $340.00 price target on shares of Cheniere Energy in a research report on Monday, October 19th. Finally, Zacks Research cut Cheniere Energy from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 11th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $310.65.

Cheniere Energy Company Profile

Cheniere Energy, Inc is an energy infrastructure company engaged primarily in the production and export of liquefied natural gas (LNG). The company purchases natural gas, processes it through liquefaction facilities, and delivers LNG to customers in international energy markets. Its operations also include natural gas procurement, transportation, storage, and LNG marketing.

Cheniere operates the Sabine Pass LNG facility in Cameron Parish, Louisiana, and the Corpus Christi LNG facility near Corpus Christi, Texas.