Aberdeen Group plc Purchases 33,265 Shares of Cheniere Energy, Inc. $LNG

Key Points

• Aberdeen Group plc increased its holdings in Cheniere Energy by 11.0%, acquiring an additional 33,265 shares during the second quarter, bringing its total ownership to 334,915 shares valued at $81,558,000.
• Cheniere Energy reported earnings of $7.30 per share for the last quarter, significantly exceeding the consensus estimate of $2.35, with revenues growing by 42.8% year-over-year to $4.64 billion.
• Analysts have rated Cheniere Energy positively, with the stock receiving a consensus "Buy" rating and a target price averaging around $263.60.

Aberdeen Group plc grew its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 11.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 334,915 shares of the energy company's stock after buying an additional 33,265 shares during the period. Aberdeen Group plc owned 0.15% of Cheniere Energy worth $81,558,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Pinnacle Bancorp Inc. boosted 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 in the last quarter. Hilltop National Bank bought a new position in shares of Cheniere Energy during the second quarter valued at approximately $28,000. Cooksen Wealth LLC purchased a new position in shares of Cheniere Energy during the first quarter valued at approximately $38,000. WPG Advisers LLC bought a new stake in shares of Cheniere Energy in the 1st quarter worth approximately $38,000. Finally, Tsfg LLC grew its stake in shares of Cheniere Energy by 676.0% in the 1st quarter. Tsfg LLC now owns 194 shares of the energy company's stock worth $45,000 after buying an additional 169 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Price Performance

Shares of NYSE:LNG opened at $227.56 on Friday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98. The firm has a market cap of $50.01 billion, a price-to-earnings ratio of 13.28 and a beta of 0.37. The business has a 50-day simple moving average of $235.33 and a two-hundred day simple moving average of $232.94. Cheniere Energy, Inc. has a fifty-two week low of $180.62 and a fifty-two week high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $4.95. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The business had revenue of $4.64 billion for the quarter, compared to analysts' expectations of $4.48 billion. During the same quarter in the prior year, the business earned $3.84 EPS. The business's revenue for the quarter was up 42.8% compared to the same quarter last year. On average, analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Zacks Research upgraded Cheniere Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 6th. Bank of America lifted their price target on Cheniere Energy from $258.00 to $271.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Scotiabank reissued an "outperform" rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. TD Cowen raised their price objective on shares of Cheniere Energy from $265.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Cheniere Energy in a research note on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $263.60.

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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