Valley National Advisers Inc. Sells 107 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Valley National Advisers Inc. trimmed its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 12.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 780 shares of the energy company’s stock after selling 107 shares during the period. Valley National Advisers Inc.’s holdings in Cheniere Energy were worth $140,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in LNG. Trilogy Capital Inc. bought a new stake in shares of Cheniere Energy during the first quarter valued at about $436,000. Hexagon Capital Partners LLC increased its holdings in Cheniere Energy by 22.5% during the 1st quarter. Hexagon Capital Partners LLC now owns 631 shares of the energy company’s stock worth $102,000 after acquiring an additional 116 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Cheniere Energy by 449.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 150,501 shares of the energy company’s stock worth $24,273,000 after purchasing an additional 123,105 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its holdings in Cheniere Energy by 81.7% in the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 23,964 shares of the energy company’s stock valued at $3,865,000 after purchasing an additional 10,775 shares during the period. Finally, State of Alaska Department of Revenue purchased a new position in shares of Cheniere Energy during the 1st quarter valued at $1,774,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Stock Down 0.8 %

Shares of NYSE LNG opened at $184.93 on Monday. The firm has a market cap of $42.33 billion, a price-to-earnings ratio of 9.01 and a beta of 0.94. The company’s 50-day simple moving average is $183.09 and its 200-day simple moving average is $172.45. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 2.63. Cheniere Energy, Inc. has a 52-week low of $152.31 and a 52-week high of $193.16.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Thursday, August 8th. The energy company reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.12. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. The firm had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $2.04 billion. Equities analysts predict that Cheniere Energy, Inc. will post 9.76 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on LNG shares. Barclays raised their price target on Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Royal Bank of Canada lifted their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Bank of America began coverage on Cheniere Energy in a report on Thursday, October 17th. They issued a “buy” rating and a $215.00 price objective for the company. Finally, Stifel Nicolaus cut their price objective on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $200.00.

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.