D.A. Davidson & CO. Has $2.65 Million Holdings in Cheniere Energy, Inc. $LNG

D.A. Davidson & CO. lessened its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 1.2% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 10,879 shares of the energy company’s stock after selling 137 shares during the quarter. D.A. Davidson & CO.’s holdings in Cheniere Energy were worth $2,649,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pinnacle Bancorp Inc. raised its holdings in Cheniere Energy by 134.1% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock worth $25,000 after buying an additional 59 shares during the period. Hilltop National Bank acquired a new stake in Cheniere Energy during the 2nd quarter worth about $28,000. Richardson Financial Services Inc. acquired a new position in shares of Cheniere Energy in the 2nd quarter valued at about $30,000. Cooksen Wealth LLC acquired a new position in shares of Cheniere Energy in the 1st quarter valued at about $38,000. Finally, WPG Advisers LLC acquired a new position in shares of Cheniere Energy in the 1st quarter valued at about $38,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Mizuho upped their target price on Cheniere Energy from $268.00 to $273.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Raymond James Financial reiterated a “strong-buy” rating and issued a $278.00 target price (up previously from $275.00) on shares of Cheniere Energy in a report on Friday. Cowen reiterated a “buy” rating on shares of Cheniere Energy in a report on Friday, August 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Cheniere Energy in a report on Friday. Finally, BMO Capital Markets assumed coverage on Cheniere Energy in a report on Friday, September 19th. They issued an “outperform” rating and a $268.00 target price on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Cheniere Energy presently has an average rating of “Buy” and an average price target of $267.67.

Cheniere Energy Stock Down 0.9%

Shares of LNG stock opened at $219.55 on Friday. Cheniere Energy, Inc. has a 12 month low of $181.59 and a 12 month high of $257.65. The firm has a market cap of $48.25 billion, a PE ratio of 12.82 and a beta of 0.37. The stock has a 50 day moving average of $233.11 and a 200-day moving average of $233.29. The company has a quick ratio of 0.85, a current ratio of 0.98 and a debt-to-equity ratio of 1.96.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 EPS for the quarter, topping analysts’ consensus estimates of $2.35 by $4.95. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The company had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.48 billion. During the same period in the previous year, the company earned $3.84 earnings per share. The company’s quarterly revenue was up 42.8% compared to the same quarter last year. On average, equities analysts predict that Cheniere Energy, Inc. will post 11.69 EPS 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.