Cheniere Energy, Inc. $LNG Shares Sold by Infrastructure Capital Advisors LLC

Infrastructure Capital Advisors LLC cut its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 31.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 82,190 shares of the energy company’s stock after selling 36,864 shares during the quarter. Cheniere Energy makes up approximately 1.6% of Infrastructure Capital Advisors LLC’s holdings, making the stock its 15th largest holding. Infrastructure Capital Advisors LLC’s holdings in Cheniere Energy were worth $23,322,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in LNG. Strive Financial Group LLC acquired a new stake in Cheniere Energy in the fourth quarter valued at $25,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of Cheniere Energy in the 4th quarter worth about $26,000. Financial Life Planners acquired a new stake in shares of Cheniere Energy in the 1st quarter valued at about $26,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Cheniere Energy during the third quarter worth about $27,000. Finally, Accordant Advisory Group Inc bought a new position in shares of Cheniere Energy during the fourth quarter worth about $29,000. 87.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LNG. Zacks Research upgraded Cheniere Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 13th. Scotiabank reiterated an “outperform” rating on shares of Cheniere Energy in a research report on Wednesday, May 13th. Wall Street Zen upgraded Cheniere Energy from a “sell” rating to a “hold” rating in a report on Saturday. Wolfe Research reissued an “outperform” rating and set a $300.00 price target on shares of Cheniere Energy in a research report on Tuesday, June 2nd. Finally, Barclays raised their price objective on Cheniere Energy from $271.00 to $274.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Three analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $298.88.

Cheniere Energy Stock Performance

LNG opened at $255.44 on Tuesday. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of 2.55. Cheniere Energy, Inc. has a twelve month low of $186.20 and a twelve month high of $300.89. The business’s 50 day moving average is $244.67 and its 200-day moving average is $242.80. The stock has a market cap of $53.53 billion, a PE ratio of 42.01 and a beta of -0.01.

Cheniere Energy Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long?term and short?term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.