Osborne Partners Capital Management LLC Cuts Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Osborne Partners Capital Management LLC lowered its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 31.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76,996 shares of the energy company’s stock after selling 35,400 shares during the period. Osborne Partners Capital Management LLC’s holdings in Cheniere Energy were worth $13,847,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of LNG. The Manufacturers Life Insurance Company grew its position in shares of Cheniere Energy by 8.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,270,853 shares of the energy company’s stock worth $921,503,000 after buying an additional 413,744 shares during the last quarter. Tortoise Capital Advisors L.L.C. grew its holdings in Cheniere Energy by 9.2% in the second quarter. Tortoise Capital Advisors L.L.C. now owns 3,242,899 shares of the energy company’s stock worth $566,956,000 after purchasing an additional 273,588 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of Cheniere Energy by 7.4% during the second quarter. Pacer Advisors Inc. now owns 2,921,837 shares of the energy company’s stock worth $510,825,000 after purchasing an additional 202,097 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of Cheniere Energy by 5.1% during the 2nd quarter. Canada Pension Plan Investment Board now owns 2,060,622 shares of the energy company’s stock valued at $360,259,000 after purchasing an additional 99,678 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Cheniere Energy by 13.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,980,767 shares of the energy company’s stock worth $346,268,000 after purchasing an additional 240,427 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Down 0.8 %

NYSE:LNG opened at $184.93 on Friday. The company has a debt-to-equity ratio of 2.63, a current ratio of 1.02 and a quick ratio of 0.93. The company’s fifty day moving average price is $183.09 and its 200-day moving average price is $172.05. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $193.16. The firm has a market capitalization of $42.33 billion, a P/E ratio of 9.01 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Thursday, August 8th. The energy company reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.12. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $2.04 billion. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. As a group, equities research analysts anticipate that Cheniere Energy, Inc. will post 9.76 EPS for the current year.

Analyst Ratings Changes

LNG has been the topic of several recent analyst reports. 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 target price on the stock. Barclays increased their price objective on shares of Cheniere Energy from $199.00 to $202.00 and gave the company an “overweight” rating in a research report on Tuesday, October 15th. Royal Bank of Canada boosted their target price on shares of Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 16th. Finally, Stifel Nicolaus decreased their price target 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. Two analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target 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.