Pallas Capital Advisors LLC Sells 212 Shares of Cheniere Energy, Inc. $LNG

Pallas Capital Advisors LLC decreased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 0.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 44,743 shares of the energy company’s stock after selling 212 shares during the quarter. Pallas Capital Advisors LLC’s holdings in Cheniere Energy were worth $10,896,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. REAP Financial Group LLC increased its position in shares of Cheniere Energy by 150.0% in the 4th quarter. REAP Financial Group LLC now owns 125 shares of the energy company’s stock valued at $27,000 after buying an additional 75 shares in the last quarter. Cooksen Wealth LLC bought a new stake in shares of Cheniere Energy in the 1st quarter valued at $38,000. WPG Advisers LLC bought a new stake in shares of Cheniere Energy in the 1st quarter valued at $38,000. Ameriflex Group Inc. bought a new stake in shares of Cheniere Energy in the 4th quarter valued at $42,000. Finally, Tsfg LLC increased its position in shares of Cheniere Energy by 676.0% in the 1st quarter. Tsfg LLC now owns 194 shares of the energy company’s stock valued at $45,000 after buying an additional 169 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on LNG shares. TD Cowen upped their price objective on shares of Cheniere Energy from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Wells Fargo & Company upped their target price on shares of Cheniere Energy from $267.00 to $284.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 12th. Jefferies Financial Group set a $288.00 target price on shares of Cheniere Energy and gave the stock a “buy” rating in a research note on Thursday, June 26th. Cowen reaffirmed a “buy” rating on shares of Cheniere Energy in a research note on Friday, August 8th. Finally, Bank of America upped their target price on shares of Cheniere Energy from $258.00 to $271.00 and gave the stock a “buy” rating in a research note on Wednesday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $263.29.

Cheniere Energy Stock Up 0.9%

Shares of LNG opened at $234.93 on Wednesday. Cheniere Energy, Inc. has a one year low of $177.56 and a one year high of $257.65. The company has a market cap of $51.63 billion, a P/E ratio of 13.71 and a beta of 0.43. 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 50 day simple moving average of $234.90 and a two-hundred day simple moving average of $231.47.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.35 by $4.95. The firm had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.48 billion. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The company’s revenue was up 42.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.84 earnings per share. Research analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal 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.