Kavar Capital Partners Group LLC Purchases 235 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Kavar Capital Partners Group LLC grew its stake in Cheniere Energy, Inc. (NYSE:LNG) by 1.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,650 shares of the energy company’s stock after purchasing an additional 235 shares during the period. Kavar Capital Partners Group LLC’s holdings in Cheniere Energy were worth $3,354,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of LNG. Massachusetts Financial Services Co. MA grew its stake in shares of Cheniere Energy by 1,490.1% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,957,451 shares of the energy company’s stock valued at $342,221,000 after purchasing an additional 1,834,347 shares during the period. TD Asset Management Inc grew its stake in shares of Cheniere Energy by 231.8% in the 1st quarter. TD Asset Management Inc now owns 1,338,752 shares of the energy company’s stock valued at $215,914,000 after purchasing an additional 935,239 shares during the period. Darlington Partners Capital Management LP grew its stake in shares of Cheniere Energy by 74.6% in the 2nd quarter. Darlington Partners Capital Management LP now owns 1,514,155 shares of the energy company’s stock valued at $264,720,000 after purchasing an additional 647,096 shares during the period. Zimmer Partners LP grew its stake in shares of Cheniere Energy by 61.4% in the 1st quarter. Zimmer Partners LP now owns 1,222,723 shares of the energy company’s stock valued at $197,201,000 after purchasing an additional 465,000 shares during the period. Finally, Jupiter Asset Management Ltd. bought a new stake in shares of Cheniere Energy in the 1st quarter valued at approximately $70,682,000. 87.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LNG has been the topic of a number of research analyst reports. Stifel Nicolaus decreased their price target on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research report on Friday, August 9th. Barclays increased their price target on 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 initiated coverage on Cheniere Energy in a research report on Thursday, October 17th. They set a “buy” rating and a $215.00 price target on the stock. Finally, Royal Bank of Canada increased their price target on Cheniere Energy from $201.00 to $217.00 and gave the stock an “outperform” rating in a research 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.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $200.00.

Cheniere Energy Stock Performance

LNG stock opened at $184.93 on Friday. The business’s fifty day moving average is $183.09 and its 200-day moving average is $172.35. The company has a quick ratio of 0.93, a current ratio of 1.02 and a debt-to-equity ratio of 2.63. The company has a market cap of $42.33 billion, a P/E ratio of 9.01 and a beta of 0.94. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $193.16.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, August 8th. The energy company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Equities research analysts forecast that Cheniere Energy, Inc. will post 9.76 EPS for the current year.

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.