SCS Capital Management LLC Purchases New Position in Cheniere Energy, Inc. $LNG

Key Points

• SCS Capital Management LLC has acquired 1,895 shares of Cheniere Energy, Inc. (NYSE:LNG), worth approximately $439,000, in their first quarter filing with the SEC.
• Cheniere Energy's recent earnings report revealed an EPS of $7.30, significantly exceeding the consensus estimate of $2.35, alongside a revenue of $4.64 billion for the quarter, marking a 42.8% year-over-year increase.
• Several brokerages have increased their price targets for Cheniere Energy, with Mizuho raising it to $273.00 and Bank of America adjusting it to $271.00, reflecting a positive outlook on the stock.

SCS Capital Management LLC acquired a new position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,895 shares of the energy company's stock, valued at approximately $439,000.

Several other institutional investors also recently bought and sold shares of LNG. Brighton Jones LLC purchased a new position in Cheniere Energy during the 4th quarter worth $335,000. OMERS ADMINISTRATION Corp increased its holdings in Cheniere Energy by 19.0% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 9,982 shares of the energy company's stock worth $2,145,000 after purchasing an additional 1,595 shares during the period. NorthRock Partners LLC bought a new stake in Cheniere Energy during the 4th quarter valued at $351,000. Quantinno Capital Management LP boosted its position in Cheniere Energy by 40.7% during the 4th quarter. Quantinno Capital Management LP now owns 20,822 shares of the energy company's stock valued at $4,474,000 after acquiring an additional 6,022 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in Cheniere Energy during the 4th quarter valued at $12,619,000. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Stock Performance

LNG stock traded up $0.52 during midday trading on Wednesday, reaching $235.42. The stock had a trading volume of 268,733 shares, compared to its average volume of 2,043,145. The firm has a fifty day simple moving average of $234.90 and a two-hundred day simple moving average of $231.47. The stock has a market cap of $51.74 billion, a PE ratio of 13.74 and a beta of 0.43. Cheniere Energy, Inc. has a 52-week low of $177.56 and a 52-week high of $257.65. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings data 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 business had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.48 billion. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The company's revenue was up 42.8% on a year-over-year basis. During the same quarter last year, the business posted $3.84 EPS. As a group, equities research analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on LNG. Cowen reaffirmed a "buy" rating on shares of Cheniere Energy in a research report on Friday, August 8th. Jefferies Financial Group set a $288.00 target price on Cheniere Energy and gave the company a "buy" rating in a research report on Thursday, June 26th. Bank of America increased their target price on Cheniere Energy from $258.00 to $271.00 and gave the company a "buy" rating in a research report on Wednesday, June 25th. Mizuho increased their target price on Cheniere Energy from $268.00 to $273.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $263.29.

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.