Dimensional Fund Advisors LP Acquires 240,427 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Dimensional Fund Advisors LP grew its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 13.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,980,767 shares of the energy company’s stock after acquiring an additional 240,427 shares during the quarter. Dimensional Fund Advisors LP owned 0.87% of Cheniere Energy worth $346,268,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Massachusetts Financial Services Co. MA boosted its position in shares of Cheniere Energy by 1,490.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,957,451 shares of the energy company’s stock valued at $342,221,000 after acquiring an additional 1,834,347 shares during the period. WINTON GROUP Ltd bought a new position in Cheniere Energy in the second quarter worth $4,254,000. Teilinger Capital Ltd. bought a new position in Cheniere Energy in the second quarter worth $7,867,000. Envestnet Asset Management Inc. lifted its position in Cheniere Energy by 29.7% in the second quarter. Envestnet Asset Management Inc. now owns 244,136 shares of the energy company’s stock worth $42,682,000 after purchasing an additional 55,924 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its position in Cheniere Energy by 3.2% in the second quarter. Oppenheimer Asset Management Inc. now owns 11,035 shares of the energy company’s stock worth $1,929,000 after purchasing an additional 337 shares during the period. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Stock Up 2.0 %

Shares of NYSE:LNG opened at $182.72 on Tuesday. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $187.44. 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’s fifty day moving average is $180.38 and its 200-day moving average is $167.15. The company has a market capitalization of $41.83 billion, a PE ratio of 8.90 and a beta of 0.95.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, August 8th. The energy company reported $3.84 EPS for the quarter, beating the consensus estimate of $1.71 by $2.13. Cheniere Energy had a net margin of 27.05% and a return on equity of 39.42%. The company had revenue of $3.30 billion for the quarter, compared to the consensus estimate of $3.52 billion. During the same quarter in the previous year, the company earned $5.61 EPS. The firm’s revenue for the quarter was down 19.6% compared to the same quarter last year. Equities research analysts predict that Cheniere Energy, Inc. will post 9.74 earnings per share for the current fiscal year.

Cheniere Energy declared that its board has initiated a share buyback plan on Monday, June 17th that allows the company to repurchase $4.00 billion in 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 typically a sign that the company’s leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Barclays raised their target price on Cheniere Energy from $194.00 to $199.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th. Sanford C. Bernstein assumed coverage on Cheniere Energy in a research report on Monday, June 24th. They issued an “outperform” rating for the company. TD Cowen raised their target price on Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. Finally, Stifel Nicolaus reduced their target price on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research report on Friday, August 9th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, Cheniere Energy has an average rating of “Moderate Buy” and an average target price of $196.25.

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.