Cheniere Energy, Inc. $LNG Position Boosted by QRG Capital Management Inc.

QRG Capital Management Inc. lifted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 3.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 39,440 shares of the energy company’s stock after purchasing an additional 1,273 shares during the period. QRG Capital Management Inc.’s holdings in Cheniere Energy were worth $9,604,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Pinnacle Bancorp Inc. raised its stake in Cheniere Energy by 134.1% during the second quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock worth $25,000 after acquiring an additional 59 shares during the period. Hilltop National Bank acquired a new stake in shares of Cheniere Energy in the second quarter valued at approximately $28,000. Cooksen Wealth LLC acquired a new stake in shares of Cheniere Energy in the first quarter valued at approximately $38,000. WPG Advisers LLC acquired a new stake in shares of Cheniere Energy in the first quarter valued at approximately $38,000. Finally, Tsfg LLC increased its stake in shares of Cheniere Energy by 676.0% in the first quarter. Tsfg LLC now owns 194 shares of the energy company’s stock valued at $45,000 after purchasing an additional 169 shares during the period. Institutional investors own 87.26% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on LNG shares. Mizuho raised their price objective on shares of Cheniere Energy from $268.00 to $273.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Cowen restated a “buy” rating on shares of Cheniere Energy in a research report on Friday, August 8th. Scotiabank restated an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. Barclays reaffirmed an “overweight” rating and issued a $262.00 price objective (up previously from $253.00) on shares of Cheniere Energy in a research note on Tuesday, July 15th. Finally, TD Cowen raised 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. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $263.60.

Cheniere Energy Stock Up 0.2%

LNG stock opened at $232.15 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 1.96. Cheniere Energy, Inc. has a 1 year low of $180.62 and a 1 year high of $257.65. The company has a fifty day simple moving average of $235.51 and a 200 day simple moving average of $232.89. The firm has a market cap of $51.02 billion, a PE ratio of 13.55 and a beta of 0.37.

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