Cheniere Energy, Inc. $LNG Shares Acquired by Vanguard Personalized Indexing Management LLC

Vanguard Personalized Indexing Management LLC boosted its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 13.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,932 shares of the energy company’s stock after buying an additional 2,984 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Cheniere Energy were worth $6,073,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Concurrent Investment Advisors LLC boosted its stake in shares of Cheniere Energy by 11.0% in the second quarter. Concurrent Investment Advisors LLC now owns 5,992 shares of the energy company’s stock valued at $1,459,000 after buying an additional 592 shares in the last quarter. Johnson Investment Counsel Inc. boosted its stake in shares of Cheniere Energy by 11.9% in the second quarter. Johnson Investment Counsel Inc. now owns 1,018 shares of the energy company’s stock valued at $248,000 after buying an additional 108 shares in the last quarter. waypoint wealth counsel purchased a new stake in shares of Cheniere Energy in the second quarter valued at approximately $289,000. Apollon Wealth Management LLC purchased a new stake in shares of Cheniere Energy in the second quarter valued at approximately $344,000. Finally, Richardson Financial Services Inc. purchased a new stake in Cheniere Energy during the second quarter worth $30,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analysts Set New Price Targets

LNG has been the topic of a number of research analyst reports. Mizuho boosted their target price on Cheniere Energy from $268.00 to $273.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Zacks Research upgraded Cheniere Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Bank of America boosted their target price on Cheniere Energy from $258.00 to $271.00 and gave the stock a “buy” rating in a research report on Wednesday, June 25th. Cowen restated a “buy” rating on shares of Cheniere Energy in a research report on Friday, August 8th. Finally, TD Cowen upped their price objective on Cheniere Energy from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $263.60.

Cheniere Energy Price Performance

LNG stock opened at $227.04 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 0.98 and a debt-to-equity ratio of 1.96. Cheniere Energy, Inc. has a 52-week low of $180.62 and a 52-week high of $257.65. The stock’s 50 day moving average is $235.03 and its two-hundred day moving average is $232.99. The company has a market capitalization of $49.90 billion, a PE ratio of 13.25 and a beta of 0.37.

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