Highland Capital Management LLC Raises Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Highland Capital Management LLC lifted its stake in Cheniere Energy, Inc. (NYSE:LNG) by 394.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 28,245 shares of the energy company’s stock after purchasing an additional 22,532 shares during the quarter. Highland Capital Management LLC’s holdings in Cheniere Energy were worth $5,080,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Crewe Advisors LLC purchased a new position in shares of Cheniere Energy in the first quarter worth $26,000. MCF Advisors LLC acquired a new position in shares of Cheniere Energy in the 2nd quarter valued at $26,000. Lynx Investment Advisory purchased a new position in Cheniere Energy in the 2nd quarter worth $27,000. Carolinas Wealth Consulting LLC grew its stake in Cheniere Energy by 5,000.0% during the 2nd quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock valued at $27,000 after purchasing an additional 150 shares during the last quarter. Finally, Moisand Fitzgerald Tamayo LLC acquired a new position in shares of Cheniere Energy in the third quarter valued at about $27,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Cheniere Energy Price Performance

Shares of Cheniere Energy stock opened at $184.88 on Friday. The firm has a market cap of $42.32 billion, a PE 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. 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 business has a 50-day moving average price of $183.09 and a 200 day moving average price of $172.05.

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 the consensus estimate of $0.83 by $0.12. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. The business had revenue of $1.89 billion during the quarter, compared to the consensus estimate of $2.04 billion. Sell-side analysts predict that Cheniere Energy, Inc. will post 9.76 earnings per share for the current fiscal year.

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.