Blue Trust Inc. Acquires 788 Shares of Cheniere Energy, Inc. $LNG

Blue Trust Inc. boosted its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 131.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,388 shares of the energy company’s stock after acquiring an additional 788 shares during the quarter. Blue Trust Inc.’s holdings in Cheniere Energy were worth $338,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of LNG. Kingstone Capital Partners Texas LLC bought a new stake in Cheniere Energy in the second quarter valued at $384,806,000. Nuveen LLC bought a new stake in Cheniere Energy in the first quarter valued at $294,793,000. Massachusetts Financial Services Co. MA grew its holdings in shares of Cheniere Energy by 12.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,660,545 shares of the energy company’s stock worth $1,078,450,000 after purchasing an additional 534,033 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Cheniere Energy by 33.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,031,767 shares of the energy company’s stock worth $470,151,000 after purchasing an additional 504,960 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of Cheniere Energy by 25.7% in the 1st quarter. Royal Bank of Canada now owns 2,395,267 shares of the energy company’s stock worth $554,265,000 after purchasing an additional 488,994 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LNG has been the topic of several analyst reports. Bank of America upped their target price on shares of Cheniere Energy from $258.00 to $271.00 and gave the stock a “buy” rating in a report on Wednesday, June 25th. TD Cowen upped their price objective on shares of Cheniere Energy from $265.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Wells Fargo & Company increased their price target on Cheniere Energy from $267.00 to $284.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 12th. Zacks Research upgraded Cheniere Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Finally, Cowen restated a “buy” rating on shares of Cheniere Energy in a report on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $263.60.

Cheniere Energy Stock Down 0.1%

Shares of LNG opened at $227.04 on Tuesday. The firm has a market capitalization of $49.90 billion, a price-to-earnings ratio of 13.25 and a beta of 0.37. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98. The business’s fifty day moving average price is $235.03 and its two-hundred day moving average price is $232.99. Cheniere Energy, Inc. has a 52 week low of $180.62 and a 52 week high of $257.65.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $4.95. The business had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.48 billion. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The firm’s quarterly revenue was up 42.8% compared to the same quarter last year. During the same quarter last year, the business earned $3.84 earnings per share. On average, analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current 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.