NorthCrest Asset Manangement LLC Sells 167 Shares of Cheniere Energy, Inc. (NYSE:LNG)

NorthCrest Asset Manangement LLC reduced its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 0.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 30,223 shares of the energy company’s stock after selling 167 shares during the period. NorthCrest Asset Manangement LLC’s holdings in Cheniere Energy were worth $5,435,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Daiwa Securities Group Inc. increased its position in shares of Cheniere Energy by 27.1% in the first quarter. Daiwa Securities Group Inc. now owns 29,235 shares of the energy company’s stock valued at $4,715,000 after acquiring an additional 6,235 shares during the last quarter. Sei Investments Co. raised its stake in shares of Cheniere Energy by 6.7% during the 1st quarter. Sei Investments Co. now owns 187,236 shares of the energy company’s stock worth $30,198,000 after purchasing an additional 11,800 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its stake in shares of Cheniere Energy by 103.3% during the 1st quarter. BI Asset Management Fondsmaeglerselskab A S now owns 31,577 shares of the energy company’s stock worth $5,093,000 after purchasing an additional 16,044 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Cheniere Energy by 215.7% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 62,551 shares of the energy company’s stock valued at $10,936,000 after buying an additional 42,737 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC bought a new position in shares of Cheniere Energy in the first quarter valued at $818,000. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Stock Down 0.8 %

Cheniere Energy stock opened at $184.93 on Friday. The company’s 50-day moving average price is $183.09 and its two-hundred day moving average price is $172.35. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 2.63. The stock has a market cap of $42.33 billion, a P/E ratio of 9.01 and a beta of 0.94. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $193.16.

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

Analyst Upgrades and Downgrades

Several research firms have issued reports on LNG. Bank of America started coverage on shares of Cheniere Energy in a research report on Thursday, October 17th. They set a “buy” rating and a $215.00 price target on the stock. Royal Bank of Canada upped their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Barclays lifted their price target on Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Finally, Stifel Nicolaus dropped their price objective 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 research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Cheniere Energy presently has an average rating of “Moderate Buy” and an average target price 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.