Blair William & Co. IL Acquires 1,779 Shares of Cheniere Energy, Inc. $LNG

Key Points

• Blair William & Co. IL has increased its holdings in Cheniere Energy, acquiring an additional 1,779 shares, bringing their total to 52,525 shares worth approximately $12.79 million.
• Cheniere Energy reported a strong quarterly earnings result with $7.30 earnings per share, significantly exceeding analysts' expectations of $2.35.
• Currently, Cheniere Energy maintains a consensus rating of "Buy" from analysts, with price targets ranging between $263.60 and $288.00.

Blair William & Co. IL grew its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 3.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 52,525 shares of the energy company's stock after acquiring an additional 1,779 shares during the quarter. Blair William & Co. IL's holdings in Cheniere Energy were worth $12,791,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Pinnacle Bancorp Inc. increased its holdings in shares of Cheniere Energy by 134.1% in 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 stake in shares of Cheniere Energy in the second quarter worth about $28,000. Cooksen Wealth LLC bought a new stake in shares of Cheniere Energy in the first quarter worth about $38,000. WPG Advisers LLC bought a new stake in shares of Cheniere Energy in the first quarter worth about $38,000. Finally, Tsfg LLC increased its holdings in shares of Cheniere Energy by 676.0% in the first quarter. Tsfg LLC now owns 194 shares of the energy company's stock worth $45,000 after acquiring an additional 169 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Scotiabank reiterated an "outperform" rating on shares of Cheniere Energy in a report on Tuesday, July 15th. BMO Capital Markets assumed coverage on Cheniere Energy in a report on Friday, September 19th. They set an "outperform" rating and a $268.00 price objective for the company. Bank of America increased their price objective on Cheniere Energy from $258.00 to $271.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. TD Cowen increased their price objective on Cheniere Energy from $265.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Finally, Jefferies Financial Group set a $288.00 price objective on Cheniere Energy and gave the stock a "buy" rating in a report on Thursday, June 26th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus target price of $263.60.

Cheniere Energy Stock Down 1.7%

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

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its quarterly earnings results 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. The firm had revenue of $4.64 billion during 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%.The business's revenue was up 42.8% compared to the same quarter last year. During the same period last year, the company earned $3.84 earnings per share. Analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

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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