6,203 Shares in Cheniere Energy, Inc. $LNG Acquired by Spectrum Asset Management Inc. NB CA

Key Points

• Spectrum Asset Management Inc. NB CA acquired 6,203 shares of Cheniere Energy, valued at approximately $1.5 million, as part of a growing trend among institutional investors increasing their stakes in the company.
• Cheniere Energy recently reported earnings of $7.30 per share for the last quarter, surpassing analysts' expectations by nearly $5, with a year-over-year revenue increase of 42.8%.
• Analyst ratings for Cheniere Energy are overwhelmingly positive, with a consensus rating of "Buy" and an average price target of $263.60, indicating strong investor confidence in the company's future.

Spectrum Asset Management Inc. NB CA purchased a new stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 6,203 shares of the energy company's stock, valued at approximately $1,511,000.

Several other institutional investors also recently made changes to their positions in the stock. Pinnacle Bancorp Inc. increased 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 last quarter. Hilltop National Bank purchased a new stake in shares of Cheniere Energy during the 2nd quarter worth about $28,000. Cooksen Wealth LLC acquired a new stake in Cheniere Energy during the 1st quarter worth approximately $38,000. WPG Advisers LLC purchased a new position in Cheniere Energy in the first quarter valued at approximately $38,000. Finally, Tsfg LLC lifted its position in Cheniere Energy by 676.0% during the first quarter. Tsfg LLC now owns 194 shares of the energy company's stock valued at $45,000 after buying an additional 169 shares in the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Cheniere Energy from $267.00 to $284.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 12th. Barclays reissued an "overweight" rating and issued a $262.00 price objective (up from $253.00) on shares of Cheniere Energy in a research report on Tuesday, July 15th. TD Cowen boosted their price objective on Cheniere Energy from $265.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Cowen reiterated a "buy" rating on shares of Cheniere Energy in a research note on Friday, August 8th. Finally, Mizuho boosted their price target on Cheniere Energy from $268.00 to $273.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, Cheniere Energy has a consensus rating of "Buy" and an average price target of $263.60.

Cheniere Energy Stock Up 0.8%

Shares of NYSE LNG opened at $235.13 on Wednesday. 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, Inc. has a 1 year low of $180.62 and a 1 year high of $257.65. The stock's 50-day simple moving average is $235.60 and its 200-day simple moving average is $232.97. The firm has a market cap of $51.67 billion, a price-to-earnings ratio of 13.73 and a beta of 0.37.

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

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.

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