OLD National Bancorp IN Buys Shares of 1,995 Cheniere Energy, Inc. (NYSE:LNG)

OLD National Bancorp IN bought a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 1,995 shares of the energy company’s stock, valued at approximately $341,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Farmers & Merchants Investments Inc. lifted its position in Cheniere Energy by 21.1% during the third quarter. Farmers & Merchants Investments Inc. now owns 345 shares of the energy company’s stock valued at $57,000 after buying an additional 60 shares in the last quarter. Mutual Advisors LLC lifted its position in Cheniere Energy by 1.0% during the third quarter. Mutual Advisors LLC now owns 6,224 shares of the energy company’s stock valued at $1,033,000 after buying an additional 64 shares in the last quarter. Xcel Wealth Management LLC lifted its position in Cheniere Energy by 3.4% during the fourth quarter. Xcel Wealth Management LLC now owns 1,961 shares of the energy company’s stock valued at $335,000 after buying an additional 65 shares in the last quarter. Winch Advisory Services LLC lifted its position in Cheniere Energy by 11.4% during the third quarter. Winch Advisory Services LLC now owns 647 shares of the energy company’s stock valued at $107,000 after buying an additional 66 shares in the last quarter. Finally, Simon Quick Advisors LLC lifted its position in Cheniere Energy by 3.1% during the fourth quarter. Simon Quick Advisors LLC now owns 2,182 shares of the energy company’s stock valued at $373,000 after buying an additional 66 shares in the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Redburn Atlantic started coverage on shares of Cheniere Energy in a research report on Tuesday, April 16th. They set a “neutral” rating and a $162.00 price target on the stock. Barclays lifted their price objective on shares of Cheniere Energy from $192.00 to $194.00 and gave the company an “overweight” rating in a research note on Wednesday, January 17th. StockNews.com lowered shares of Cheniere Energy from a “buy” rating to a “hold” rating in a research note on Monday, April 8th. TD Cowen dropped their price objective on shares of Cheniere Energy from $185.00 to $178.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 27th. Finally, UBS Group dropped their price objective on shares of Cheniere Energy from $223.00 to $206.00 and set a “buy” rating on the stock in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $193.90.

Cheniere Energy Price Performance

LNG stock opened at $159.53 on Friday. The company has a current ratio of 1.63, a quick ratio of 1.51 and a debt-to-equity ratio of 2.59. Cheniere Energy, Inc. has a 1-year low of $135.30 and a 1-year high of $183.46. The company’s fifty day simple moving average is $157.98. The company has a market capitalization of $36.80 billion, a price-to-earnings ratio of 3.94 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, February 22nd. The energy company reported $5.76 earnings per share for the quarter, beating the consensus estimate of $2.70 by $3.06. Cheniere Energy had a net margin of 48.45% and a return on equity of 69.52%. The firm had revenue of $4.82 billion during the quarter, compared to analyst estimates of $4.37 billion. During the same quarter in the previous year, the firm earned $15.78 earnings per share. The firm’s revenue for the quarter was down 46.9% compared to the same quarter last year. As a group, analysts expect that Cheniere Energy, Inc. will post 8.39 EPS for the current fiscal year.

Cheniere Energy 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.