Dupont Capital Management Corp Makes New $8.72 Million Investment in Cheniere Energy, Inc. $LNG

Dupont Capital Management Corp purchased a new position in Cheniere Energy, Inc. (NYSE:LNG) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 35,790 shares of the energy company’s stock, valued at approximately $8,716,000.

Other institutional investors have also recently bought and sold shares of the company. Pinnacle Bancorp Inc. increased its stake in Cheniere Energy by 134.1% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock worth $25,000 after purchasing an additional 59 shares in the last quarter. Hilltop National Bank purchased a new position in Cheniere Energy in the 2nd quarter worth about $28,000. Richardson Financial Services Inc. purchased a new position in Cheniere Energy in the 2nd quarter worth about $30,000. Cooksen Wealth LLC purchased a new position in Cheniere Energy in the 1st quarter worth about $38,000. Finally, WPG Advisers LLC purchased a new position in Cheniere Energy in the 1st quarter worth about $38,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on LNG shares. Zacks Research raised Cheniere Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Jefferies Financial Group set a $288.00 price target on Cheniere Energy and gave the stock a “buy” rating in a research note on Thursday, June 26th. Cowen reissued a “buy” rating on shares of Cheniere Energy in a research note on Friday, August 8th. Wells Fargo & Company upped their target price on Cheniere Energy from $267.00 to $284.00 and gave the company an “overweight” rating in a report on Tuesday, August 12th. Finally, Mizuho upped their target price on Cheniere Energy from $268.00 to $273.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Cheniere Energy has a consensus rating of “Buy” and an average price target of $266.93.

Cheniere Energy Price Performance

Shares of LNG opened at $221.20 on Tuesday. The company has a market capitalization of $48.61 billion, a price-to-earnings ratio of 12.91 and a beta of 0.37. Cheniere Energy, Inc. has a fifty-two week low of $180.62 and a fifty-two week high of $257.65. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85. The business’s 50-day moving average is $233.84 and its 200-day moving average is $232.98.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share for the quarter, beating analysts’ consensus estimates of $2.35 by $4.95. The company had revenue of $4.64 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.84 EPS. Equities research analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Cheniere Energy Company 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.