Allspring Global Investments Holdings LLC Purchases 3,940 Shares of Cheniere Energy, Inc. $LNG

Key Points

• Allspring Global Investments Holdings LLC increased its stake in Cheniere Energy, purchasing an additional 3,940 shares, bringing its total ownership to 360,364 shares valued at approximately $85 million.
• Cheniere Energy reported strong quarterly earnings with an EPS of $7.30, surpassing estimates by $4.95, and revenue of $4.64 billion, which is a 42.8% year-over-year increase.
• Analysts have issued a consensus rating of "Buy" for Cheniere Energy, with price targets ranging from $263.60 to $284.00 as several firms increased their price objectives recently.

Allspring Global Investments Holdings LLC boosted its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 1.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 360,364 shares of the energy company's stock after buying an additional 3,940 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.16% of Cheniere Energy worth $85,060,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LNG. Brighton Jones LLC purchased a new stake in Cheniere Energy during the fourth quarter valued at approximately $335,000. Farther Finance Advisors LLC raised its position in Cheniere Energy by 28.9% during the first quarter. Farther Finance Advisors LLC now owns 759 shares of the energy company's stock valued at $175,000 after purchasing an additional 170 shares during the period. Yousif Capital Management LLC raised its position in Cheniere Energy by 5.2% during the first quarter. Yousif Capital Management LLC now owns 4,170 shares of the energy company's stock valued at $965,000 after purchasing an additional 208 shares during the period. GAMMA Investing LLC raised its position in Cheniere Energy by 9.5% during the first quarter. GAMMA Investing LLC now owns 1,479 shares of the energy company's stock valued at $342,000 after purchasing an additional 128 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its position in Cheniere Energy by 63.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 76,919 shares of the energy company's stock valued at $17,800,000 after purchasing an additional 29,937 shares during the period. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Trading Down 0.1%

LNG opened at $227.04 on Tuesday. The stock's fifty day moving average is $235.03 and its two-hundred day moving average is $232.99. The company has a market capitalization of $49.90 billion, a P/E ratio of 13.25 and a beta of 0.37. Cheniere Energy, Inc. has a 52 week low of $180.62 and a 52 week high of $257.65. The company has a quick ratio of 0.85, a current ratio of 0.98 and a debt-to-equity ratio of 1.96.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The energy company reported $7.30 EPS for the quarter, topping the consensus estimate of $2.35 by $4.95. The company had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.48 billion. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.Cheniere Energy's quarterly revenue was up 42.8% on a year-over-year basis. During the same period last year, the business posted $3.84 EPS. Analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Weiss Ratings restated a "buy (b)" rating on shares of Cheniere Energy in a research report on Wednesday, October 8th. TD Cowen upped their price objective on Cheniere Energy from $265.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Wells Fargo & Company increased their price target on Cheniere Energy from $267.00 to $284.00 and gave the stock an "overweight" rating in a report on Tuesday, August 12th. Cowen reiterated a "buy" rating on shares of Cheniere Energy in a report on Friday, August 8th. Finally, Scotiabank reiterated an "outperform" rating on shares of Cheniere Energy in a report on Tuesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $263.60.

About Cheniere Energy

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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