Cheniere Energy, Inc. (NYSE:LNG) Shares Acquired by Darlington Partners Capital Management LP

Darlington Partners Capital Management LP increased its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 74.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,514,155 shares of the energy company's stock after purchasing an additional 647,096 shares during the period. Cheniere Energy makes up 12.5% of Darlington Partners Capital Management LP's portfolio, making the stock its 3rd largest holding. Darlington Partners Capital Management LP owned about 0.67% of Cheniere Energy worth $264,720,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in LNG. Decade Renewable Partners LP boosted its position in shares of Cheniere Energy by 109.3% during the second quarter. Decade Renewable Partners LP now owns 31,400 shares of the energy company's stock valued at $5,490,000 after buying an additional 16,400 shares during the period. Employees Retirement System of Texas grew its position in Cheniere Energy by 8.0% in the 2nd quarter. Employees Retirement System of Texas now owns 423,408 shares of the energy company's stock valued at $74,024,000 after acquiring an additional 31,408 shares during the last quarter. AXA S.A. lifted its position in shares of Cheniere Energy by 129.9% during the second quarter. AXA S.A. now owns 54,355 shares of the energy company's stock worth $9,503,000 after purchasing an additional 30,714 shares during the last quarter. ELCO Management Co. LLC boosted its stake in shares of Cheniere Energy by 2.7% during the second quarter. ELCO Management Co. LLC now owns 55,875 shares of the energy company's stock valued at $9,769,000 after purchasing an additional 1,487 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. grew its holdings in shares of Cheniere Energy by 1,175.3% in the second quarter. Point72 Asia Singapore Pte. Ltd. now owns 30,391 shares of the energy company's stock worth $5,313,000 after purchasing an additional 28,008 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Cheniere Energy Stock Down 0.9 %

LNG traded down $1.54 during trading on Thursday, hitting $178.19. The stock had a trading volume of 1,007,909 shares, compared to its average volume of 1,807,402. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.93 and a current ratio of 1.02. The company has a market capitalization of $40.32 billion, a PE ratio of 8.68 and a beta of 0.95. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $187.44. The stock has a 50 day simple moving average of $180.86 and a two-hundred day simple moving average of $168.36.

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

Cheniere Energy announced that its board has approved a stock repurchase plan on Monday, June 17th that allows the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization allows the energy company to purchase up to 9.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors 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.