Massachusetts Financial Services Co. MA Decreases Stake in Cheniere Energy, Inc. (NYSEAMERICAN:LNG)

Massachusetts Financial Services Co. MA cut its position in shares of Cheniere Energy, Inc. (NYSEAMERICAN:LNG) by 39.3% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 133,787 shares of the energy company’s stock after selling 86,749 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Cheniere Energy were worth $11,605,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of LNG. Mitsubishi UFJ Trust & Banking Corp boosted its position in shares of Cheniere Energy by 15.5% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,873,178 shares of the energy company’s stock worth $162,619,000 after buying an additional 251,784 shares during the period. Xponance Inc. raised its stake in Cheniere Energy by 13.9% during the second quarter. Xponance Inc. now owns 27,510 shares of the energy company’s stock valued at $2,386,000 after buying an additional 3,362 shares in the last quarter. Cincinnati Insurance Co. raised its position in shares of Cheniere Energy by 28.1% during the 2nd quarter. Cincinnati Insurance Co. now owns 25,320 shares of the energy company’s stock worth $2,196,000 after purchasing an additional 5,550 shares during the period. Principal Financial Group Inc. raised its position in shares of Cheniere Energy by 20.7% during the 2nd quarter. Principal Financial Group Inc. now owns 31,414 shares of the energy company’s stock worth $2,725,000 after purchasing an additional 5,389 shares during the period. Finally, Barclays PLC raised its position in shares of Cheniere Energy by 75.6% during the 1st quarter. Barclays PLC now owns 531,923 shares of the energy company’s stock worth $38,303,000 after purchasing an additional 229,018 shares during the period. 86.50% of the stock is owned by hedge funds and other institutional investors.

LNG has been the subject of a number of recent analyst reports. Barclays increased their price objective on Cheniere Energy from $104.00 to $129.00 and gave the stock an “overweight” rating in a report on Wednesday, October 6th. Evercore ISI increased their target price on Cheniere Energy from $107.00 to $130.00 and gave the company an “outperform” rating in a report on Thursday, September 30th. Wolfe Research reiterated a “buy” rating and set a $93.00 price objective on shares of Cheniere Energy in a report on Friday, July 16th. Raymond James increased their target price on shares of Cheniere Energy from $107.00 to $109.00 and gave the stock a “strong-buy” rating in a research report on Friday, August 6th. Finally, Wells Fargo & Company raised their price target on Cheniere Energy from $95.00 to $112.00 and gave the company an “overweight” rating in a research report on Wednesday, September 15th. Nine research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Cheniere Energy presently has a consensus rating of “Buy” and an average price target of $100.11.

LNG stock opened at $105.01 on Thursday. The company has a debt-to-equity ratio of 12.47, a current ratio of 1.04 and a quick ratio of 0.94. Cheniere Energy, Inc. has a fifty-two week low of $45.51 and a fifty-two week high of $105.26. The company has a market capitalization of $26.63 billion, a P/E ratio of -44.31, a P/E/G ratio of 0.68 and a beta of 1.62.

Cheniere Energy (NYSEAMERICAN:LNG) last released its earnings results on Thursday, August 5th. The energy company reported ($1.30) EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($2.22). Cheniere Energy had a positive return on equity of 22.07% and a negative net margin of 5.73%. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.20 billion. During the same period in the prior year, the firm posted $0.42 EPS. Cheniere Energy’s revenue was up 25.6% on a year-over-year basis. As a group, sell-side analysts forecast that Cheniere Energy, Inc. will post 4.6 EPS for the current fiscal year.

The company also recently declared a — dividend, which will be paid on Wednesday, November 17th. Stockholders of record on Wednesday, November 3rd will be issued a $0.33 dividend. The ex-dividend date is Tuesday, November 2nd.

About Cheniere Energy

Cheniere Energy, Inc engages in liquefied natural gas (LNG) related businesses. It owns and operates LNG terminals, and develops, constructs, and operates liquefaction projects near Corpus Christi, Texas, and at the Sabine Pass LNG terminal. The company was founded by Charif Souki in 1983 and is headquartered in Houston, TX.

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Institutional Ownership by Quarter for Cheniere Energy (NYSEAMERICAN:LNG)

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