Cheniere Energy (NYSE:LNG) Price Target Raised to $290.00 at TD Cowen

Key Points

• TD Cowen raised Cheniere Energy’s price target from $280 to $290 and maintained a “buy” rating, implying approximately 9% upside from the stock’s current price.
• Analyst sentiment remains broadly positive: Cheniere has a consensus “Buy” rating and an average price target of $299.88, with recent target increases from Barclays, RBC, Wolfe Research, and JPMorgan.
• Cheniere shares opened at $265.95, while institutional investors own 87.26% of the company; the stock has traded between $186.20 and $300.89 over the past 52 weeks.

Cheniere Energy (NYSE:LNG - Get Free Report) had its price objective lifted by stock analysts at TD Cowen from $280.00 to $290.00 in a report issued on Tuesday. The firm currently has a "buy" rating on the energy company's stock. TD Cowen's price target indicates a potential upside of 9.04% from the stock's current price.

LNG has been the subject of several other reports. Barclays boosted their price objective on shares of Cheniere Energy from $274.00 to $279.00 and gave the company an "overweight" rating in a research report on Friday. Wall Street Zen raised shares of Cheniere Energy from a "sell" rating to a "hold" rating in a research note on Saturday, July 25th. Royal Bank Of Canada boosted their price target on Cheniere Energy from $286.00 to $300.00 and gave the company an "outperform" rating in a report on Tuesday, April 14th. Wolfe Research reissued an "outperform" rating and issued a $300.00 price objective on shares of Cheniere Energy in a research note on Tuesday, June 2nd. Finally, JPMorgan Chase & Co. upped their price objective on shares of Cheniere Energy from $327.00 to $334.00 and gave the stock an "overweight" rating in a research note on Friday, July 24th. Three analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Cheniere Energy presently has a consensus rating of "Buy" and a consensus price target of $299.88.

Cheniere Energy Price Performance

LNG stock opened at $265.95 on Tuesday. Cheniere Energy has a 52 week low of $186.20 and a 52 week high of $300.89. The firm has a market capitalization of $54.93 billion, a P/E ratio of 19.80 and a beta of -0.01. The company has a fifty day simple moving average of $249.27 and a two-hundred day simple moving average of $247.02. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 2.55.

Institutional Investors Weigh In On Cheniere Energy

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. First Horizon Corp increased its holdings in shares of Cheniere Energy by 7.7% during the first quarter. First Horizon Corp now owns 517 shares of the energy company's stock valued at $147,000 after acquiring an additional 37 shares in the last quarter. Signal Advisors Wealth LLC boosted its stake in Cheniere Energy by 2.9% in the 1st quarter. Signal Advisors Wealth LLC now owns 1,497 shares of the energy company's stock worth $425,000 after purchasing an additional 42 shares in the last quarter. Independence Bank of Kentucky increased its stake in Cheniere Energy by 6.8% during the 1st quarter. Independence Bank of Kentucky now owns 725 shares of the energy company's stock valued at $206,000 after purchasing an additional 46 shares in the last quarter. Optiver Holding B.V. increased its stake in Cheniere Energy by 54.5% during the 1st quarter. Optiver Holding B.V. now owns 136 shares of the energy company's stock valued at $39,000 after purchasing an additional 48 shares in the last quarter. Finally, AlTi Global Inc. raised its holdings in shares of Cheniere Energy by 1.5% in the first quarter. AlTi Global Inc. now owns 3,318 shares of the energy company's stock worth $942,000 after buying an additional 50 shares during the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Company Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company's core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere's principal operating assets are large-scale LNG export terminals located on the U.S.

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