Bay Colony Advisory Group Inc d b a Bay Colony Advisors Boosts Stake in Cheniere Energy, Inc. (NYSE:LNG)

by · The Cerbat Gem

Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG – Free Report) by 12.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,031 shares of the energy company’s stock after buying an additional 652 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in Cheniere Energy were worth $1,085,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Canoe Financial LP purchased a new position in Cheniere Energy during the third quarter worth about $477,000. Kavar Capital Partners Group LLC boosted its holdings in shares of Cheniere Energy by 1.3% in the 3rd quarter. Kavar Capital Partners Group LLC now owns 18,650 shares of the energy company’s stock worth $3,354,000 after purchasing an additional 235 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of Cheniere Energy by 9.6% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 132,933 shares of the energy company’s stock worth $23,881,000 after purchasing an additional 11,642 shares in the last quarter. Highland Capital Management LLC boosted its holdings in shares of Cheniere Energy by 394.4% in the 3rd quarter. Highland Capital Management LLC now owns 28,245 shares of the energy company’s stock worth $5,080,000 after purchasing an additional 22,532 shares in the last quarter. Finally, BayBridge Capital Group LLC boosted its holdings in shares of Cheniere Energy by 2.4% in the 3rd quarter. BayBridge Capital Group LLC now owns 6,799 shares of the energy company’s stock worth $1,223,000 after purchasing an additional 160 shares in the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LNG has been the subject of a number of research reports. Royal Bank of Canada upped their price objective on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a report on Wednesday, October 16th. Bank of America initiated 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. Barclays increased their target price on Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a report on Tuesday, October 15th. Finally, Stifel Nicolaus dropped their target price on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a report on Friday, August 9th. Two equities research 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, Cheniere Energy currently has an average rating of “Moderate Buy” and a consensus price target of $200.00.

Get Our Latest Research Report on Cheniere Energy

Cheniere Energy Trading Down 1.1 %

LNG traded down $2.03 during midday trading on Monday, reaching $182.90. 168,524 shares of the company’s stock traded hands, compared to its average volume of 1,746,805. The firm has a fifty day moving average of $183.09 and a two-hundred day moving average of $172.45. The stock has a market capitalization of $41.87 billion, a price-to-earnings ratio of 9.01 and a beta of 0.94. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.02 and a quick ratio of 0.93. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $193.16.

Cheniere Energy (NYSE:LNG – Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The energy company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.12. The business had revenue of $1.89 billion during 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%. On average, equities analysts anticipate that Cheniere Energy, Inc. will post 9.76 earnings per share for the current fiscal year.

Cheniere Energy Profile

(Free Report)

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.

Further Reading

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