Seven Eight Capital LP Makes New $3.63 Million Investment in Cheniere Energy, Inc. (NYSE:LNG)

Seven Eight Capital LP purchased a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 20,755 shares of the energy company's stock, valued at approximately $3,629,000.

Other hedge funds have also modified their holdings of the company. SkyOak Wealth LLC purchased a new stake in Cheniere Energy in the second quarter valued at approximately $210,000. Waterloo Capital L.P. purchased a new stake in shares of Cheniere Energy in the 2nd quarter valued at $257,000. Vanguard Personalized Indexing Management LLC raised its holdings in shares of Cheniere Energy by 9.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 16,799 shares of the energy company's stock worth $2,826,000 after purchasing an additional 1,519 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in Cheniere Energy by 6.9% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 50,901 shares of the energy company's stock worth $9,022,000 after purchasing an additional 3,270 shares during the period. Finally, Abbot Financial Management Inc. lifted its holdings in shares of Cheniere Energy by 5.3% in the 2nd quarter. Abbot Financial Management Inc. now owns 2,937 shares of the energy company's stock valued at $513,000 after buying an additional 148 shares during the period. 87.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LNG has been the topic of a number of analyst reports. TD Cowen raised their price objective on shares of Cheniere Energy from $178.00 to $185.00 and gave the stock a "buy" rating in a research note on Monday, June 17th. Sanford C. Bernstein initiated coverage on shares of Cheniere Energy in a research report on Monday, June 24th. They set an "outperform" rating on the stock. Stifel Nicolaus cut their price objective on shares of Cheniere Energy from $208.00 to $204.00 and set a "buy" rating for the company in a report on Friday, August 9th. Finally, Barclays increased their target price on shares of Cheniere Energy from $194.00 to $199.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 17th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $196.25.

Cheniere Energy Price Performance

Shares of LNG stock traded down $0.69 on Wednesday, reaching $180.10. 1,331,368 shares of the company were exchanged, compared to its average volume of 1,792,501. The company has a market cap of $41.23 billion, a price-to-earnings ratio of 8.77 and a beta of 0.95. Cheniere Energy, Inc. has a 1 year low of $152.31 and a 1 year high of $187.44. The business has a 50-day moving average price of $180.58 and a 200 day moving average price of $167.41. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.93 and a current ratio of 1.02.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its earnings results on Thursday, August 8th. The energy company reported $3.84 earnings per share for the quarter, beating the consensus estimate of $1.71 by $2.13. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. The business had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.52 billion. During the same quarter last year, the business posted $5.61 earnings per share. The business's quarterly revenue was down 19.6% compared to the same quarter last year. Equities research analysts forecast that Cheniere Energy, Inc. will post 9.74 earnings per share for the current fiscal year.

Cheniere Energy announced that its Board of Directors has initiated a stock buyback plan on Monday, June 17th that authorizes the company to repurchase $4.00 billion in shares. This repurchase authorization authorizes the energy company to repurchase up to 9.6% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's leadership believes its shares are undervalued.

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.