Ausbil Investment Management Ltd Boosts Stock Holdings in Cheniere Energy, Inc. $LNG

Key Points

• Ausbil Investment Management Ltd increased its stake in Cheniere Energy, Inc. by 15.4%, now holding 31,397 shares valued at approximately $7.65 million, making it the firm's second largest investment.
• Several hedge funds significantly raised their positions in Cheniere Energy, with Pinnacle Bancorp Inc. increasing its holdings by 134.1% during the same quarter.
• Cheniere Energy reported $7.30 earnings per share for the last quarter, exceeding expectations and demonstrating a strong revenue growth of 42.8% year-over-year.

Ausbil Investment Management Ltd grew its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 15.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,397 shares of the energy company's stock after buying an additional 4,181 shares during the quarter. Cheniere Energy accounts for approximately 4.5% of Ausbil Investment Management Ltd's investment portfolio, making the stock its 2nd biggest holding. Ausbil Investment Management Ltd's holdings in Cheniere Energy were worth $7,646,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Pinnacle Bancorp Inc. lifted its position in shares of Cheniere Energy by 134.1% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company's stock worth $25,000 after buying an additional 59 shares in the last quarter. Cooksen Wealth LLC bought a new stake in shares of Cheniere Energy in the 1st quarter worth approximately $38,000. WPG Advisers LLC bought a new stake in shares of Cheniere Energy in the 1st quarter worth approximately $38,000. Tsfg LLC raised its holdings 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 purchasing an additional 169 shares during the period. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of Cheniere Energy by 2,587.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 215 shares of the energy company's stock worth $50,000 after purchasing an additional 207 shares during the period. Institutional investors own 87.26% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on LNG. Mizuho lifted their price target on shares of Cheniere Energy from $268.00 to $273.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. Wells Fargo & Company lifted their price target on shares of Cheniere Energy from $267.00 to $284.00 and gave the stock an "overweight" rating in a report on Tuesday, August 12th. Scotiabank reaffirmed an "outperform" rating on shares of Cheniere Energy in a report on Tuesday, July 15th. Bank of America lifted their price target on shares of Cheniere Energy from $258.00 to $271.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Finally, Jefferies Financial Group set a $288.00 target price on shares of Cheniere Energy and gave the company a "buy" rating in a report on Thursday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of $263.60.

Cheniere Energy Trading Up 0.3%

Shares of LNG stock opened at $238.42 on Friday. The company's fifty day simple moving average is $234.66 and its two-hundred day simple moving average is $232.45. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85. Cheniere Energy, Inc. has a 1 year low of $177.56 and a 1 year high of $257.65. The stock has a market capitalization of $52.40 billion, a price-to-earnings ratio of 13.92 and a beta of 0.43.

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

Cheniere Energy Company 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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