Stokes Capital Advisors LLC Has $6.33 Million Stock Holdings in Cheniere Energy, Inc. $LNG

Stokes Capital Advisors LLC trimmed its position in Cheniere Energy, Inc. (NYSE:LNG) by 5.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,000 shares of the energy company’s stock after selling 1,639 shares during the quarter. Stokes Capital Advisors LLC’s holdings in Cheniere Energy were worth $6,332,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Nuveen LLC acquired a new stake in shares of Cheniere Energy during the 1st quarter worth $294,793,000. Massachusetts Financial Services Co. MA grew its holdings in shares of Cheniere Energy by 12.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,660,545 shares of the energy company’s stock worth $1,078,450,000 after purchasing an additional 534,033 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Cheniere Energy by 33.1% during the 1st 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 purchasing an additional 504,960 shares in the last quarter. Royal Bank of Canada grew its holdings in shares of Cheniere Energy by 25.7% during the 1st quarter. Royal Bank of Canada now owns 2,395,267 shares of the energy company’s stock worth $554,265,000 after purchasing an additional 488,994 shares in the last quarter. Finally, Los Angeles Capital Management LLC grew its holdings in shares of Cheniere Energy by 346.6% during the 1st quarter. Los Angeles Capital Management LLC now owns 568,627 shares of the energy company’s stock worth $131,580,000 after purchasing an additional 441,296 shares in the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Price Performance

Cheniere Energy stock opened at $234.93 on Wednesday. The stock’s 50 day moving average is $234.90 and its 200 day moving average is $231.47. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85. The firm has a market cap of $51.63 billion, a P/E ratio of 13.71 and a beta of 0.43. Cheniere Energy, Inc. has a one year low of $177.56 and a one year high of $257.65.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, August 7th. The energy company reported $7.30 EPS for the quarter, topping analysts’ consensus estimates of $2.35 by $4.95. The company had revenue of $4.64 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same period in the previous year, the firm earned $3.84 earnings per share. As a group, research analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on LNG shares. Wells Fargo & Company increased their target price on Cheniere Energy from $267.00 to $284.00 and gave the stock an “overweight” rating in a report on Tuesday, August 12th. Scotiabank reissued an “outperform” rating on shares of Cheniere Energy in a report on Tuesday, July 15th. Jefferies Financial Group set a $288.00 target price on Cheniere Energy and gave the stock a “buy” rating in a report on Thursday, June 26th. Barclays restated an “overweight” rating and set a $262.00 price objective (up from $253.00) on shares of Cheniere Energy in a research report on Tuesday, July 15th. Finally, TD Cowen raised their price objective on Cheniere Energy from $265.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $263.29.

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.