Ballentine Partners LLC Has $763,000 Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Ballentine Partners LLC boosted its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 7.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,240 shares of the energy company’s stock after buying an additional 285 shares during the quarter. Ballentine Partners LLC’s holdings in Cheniere Energy were worth $763,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Crewe Advisors LLC acquired a new position in shares of Cheniere Energy during the 1st quarter valued at about $26,000. MCF Advisors LLC acquired a new position in Cheniere Energy during the second quarter valued at approximately $26,000. Lynx Investment Advisory bought a new position in shares of Cheniere Energy in the second quarter valued at approximately $27,000. Carolinas Wealth Consulting LLC lifted its stake in shares of Cheniere Energy by 5,000.0% in the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock worth $27,000 after buying an additional 150 shares during the last quarter. Finally, Moisand Fitzgerald Tamayo LLC bought a new stake in shares of Cheniere Energy during the 3rd quarter worth $27,000. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Stock Performance

Shares of NYSE LNG opened at $184.93 on Friday. The firm has a market capitalization of $42.33 billion, a price-to-earnings ratio of 9.01 and a beta of 0.94. Cheniere Energy, Inc. has a one year low of $152.31 and a one year high of $193.16. The business has a fifty day simple moving average of $183.09 and a 200 day simple moving average of $172.25. The company has a current ratio of 1.02, a quick ratio of 0.93 and a debt-to-equity ratio of 2.63.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings data on Thursday, August 8th. The energy company reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.12. Cheniere Energy had a net margin of 27.05% and a return on equity of 39.42%. The company had revenue of $1.89 billion during the quarter, compared to analysts’ expectations of $2.04 billion. Sell-side analysts expect that Cheniere Energy, Inc. will post 9.76 EPS for the current year.

Analyst Upgrades and Downgrades

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

Cheniere Energy Company 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.