3,704 Cheniere Energy, Inc. $LNG Shares Bought by Citizens Financial Group Inc. RI

Key Points

• Citizens Financial Group increased its Cheniere Energy stake by 75.5% in the third quarter, acquiring 3,704 shares for a total of 8,609 shares valued at $2.316 million. Institutional investors collectively own 87.26% of the company.
• Cheniere shares opened at $300.74, near their 52-week high of $302.45, and have risen above both their 50-day and 200-day moving averages. The company’s latest quarterly revenue grew 23.5% year over year to $5.73 billion, although EPS of $3.02 missed estimates.
• Analyst sentiment remains favorable: Cheniere has a consensus “Moderate Buy” rating and an average price target of $310.65, while long-term U.S. LNG demand is supported by QatarEnergy’s agreement to purchase up to 4 million tonnes annually.

Citizens Financial Group Inc. RI boosted its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 75.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,609 shares of the energy company's stock after acquiring an additional 3,704 shares during the quarter. Citizens Financial Group Inc. RI's holdings in Cheniere Energy were worth $2,316,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Anderson Hoagland & Co. grew its stake in Cheniere Energy by 23.1% during the third quarter. Anderson Hoagland & Co. now owns 9,297 shares of the energy company's stock valued at $2,668,000 after acquiring an additional 1,743 shares in the last quarter. Capital Investment Advisors LLC boosted its position in Cheniere Energy by 4.7% during the 3rd quarter. Capital Investment Advisors LLC now owns 1,658 shares of the energy company's stock valued at $446,000 after acquiring an additional 74 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its position in shares of Cheniere Energy by 18.7% during the third quarter. Fifth Third Wealth Advisors LLC now owns 2,320 shares of the energy company's stock worth $624,000 after purchasing an additional 365 shares in the last quarter. Washington Trust Advisors Inc. grew its holdings in shares of Cheniere Energy by 510.5% during the third quarter. Washington Trust Advisors Inc. now owns 116 shares of the energy company's stock valued at $31,000 after buying an additional 97 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its holdings in Cheniere Energy by 10.8% in the third quarter. Yousif Capital Management LLC now owns 4,761 shares of the energy company's stock valued at $1,281,000 after purchasing an additional 463 shares during the last quarter. 87.26% of the stock is owned by institutional investors.

Key Headlines Impacting Cheniere Energy

Here are the key news stories impacting Cheniere Energy this week:

• Positive Sentiment: JPMorgan raised its price target to $344 and maintained the target as LNG traded below that level, suggesting additional upside potential. JPMorgan raises target for Cheniere Energy stock to USD 344
• Positive Sentiment: Bernstein reaffirmed an Outperform rating on Cheniere, adding to the constructive analyst sentiment around the stock. Cheniere Energy Stock Rating Reaffirmed as Outperform by Sanford C. Bernstein
• Positive Sentiment: QatarEnergy agreed to buy up to 4 million tonnes of U.S. LNG annually, highlighting continued demand for American LNG and potentially supporting the long-term market backdrop for Cheniere’s export operations. QatarEnergy signs deals to buy up to 4 million tonnes of US LNG annually
• Neutral Sentiment: Cheniere will report third-quarter results before the market opens on October 29. Analysts expect robust LNG demand and long-term contracts to support revenue, but operating costs, LNG price spreads and management commentary on Sabine Pass and potential Train 7 expansion will determine the market reaction. Cheniere Energy to Report Q3 Earnings: What's in the Offing?
• Negative Sentiment: Qatar’s long-term purchase agreements may also intensify competition and raise questions about shifting global LNG leverage. With LNG shares already up substantially this year and near a high, any earnings miss or cautious outlook could trigger profit-taking. Qatar Deals vs. Global Shocks: What To Watch in Cheniere’s Q3 Report

Cheniere Energy Price Performance

Shares of LNG opened at $300.74 on Tuesday. The stock has a market cap of $62.11 billion, a P/E ratio of 19.38, a price-to-earnings-growth ratio of 1.19 and a beta of 0.06. Cheniere Energy, Inc. has a 1 year low of $186.20 and a 1 year high of $302.45. The company has a current ratio of 0.87, a quick ratio of 0.72 and a debt-to-equity ratio of 1.97. The stock's 50-day moving average price is $278.46 and its two-hundred day moving average price is $252.82.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its earnings results on Thursday, August 6th. The energy company reported $3.02 EPS for the quarter, missing the consensus estimate of $3.11 by ($0.09). Cheniere Energy had a return on equity of 29.80% and a net margin of 13.57%. The company had revenue of $5.73 billion for the quarter, compared to analyst estimates of $4.92 billion. During the same quarter last year, the business posted $7.30 earnings per share. The business's quarterly revenue was up 23.5% on a year-over-year basis. On average, equities analysts predict that Cheniere Energy, Inc. will post 16.75 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on LNG. Scotiabank set a $311.00 target price on Cheniere Energy in a research note on Thursday, October 15th. Weiss Ratings upgraded shares of Cheniere Energy from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Thursday, October 8th. Zacks Research lowered shares of Cheniere Energy from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, August 11th. Argus set a $330.00 target price on shares of Cheniere Energy in a research note on Tuesday, August 18th. Finally, Royal Bank Of Canada lifted their price objective on shares of Cheniere Energy from $300.00 to $319.00 and gave the company an "outperform" rating in a research note on Monday, August 24th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $310.65.

Cheniere Energy Profile

Cheniere Energy, Inc is an energy infrastructure company engaged primarily in the production and export of liquefied natural gas (LNG). The company purchases natural gas, processes it through liquefaction facilities, and delivers LNG to customers in international energy markets. Its operations also include natural gas procurement, transportation, storage, and LNG marketing.

Cheniere operates the Sabine Pass LNG facility in Cameron Parish, Louisiana, and the Corpus Christi LNG facility near Corpus Christi, Texas.

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