Callan Family Office LLC Has $1.53 Million Position in Cheniere Energy, Inc. $LNG

Key Points

• Callan Family Office LLC increased its stake in Cheniere Energy, Inc. by 93.7% during the second quarter, raising its holdings to 6,288 shares valued at approximately $1.53 million.
• Multiple large investors have also acquired stakes in Cheniere Energy, bringing institutional ownership to 87.26% of the company's stock.
• The company reported a significant earnings surprise with an EPS of $7.30, exceeding expectations of $2.35, and a 42.8% increase in revenue compared to the same quarter last year.

Callan Family Office LLC increased its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 93.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,288 shares of the energy company's stock after buying an additional 3,042 shares during the quarter. Callan Family Office LLC's holdings in Cheniere Energy were worth $1,531,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in LNG. Kingstone Capital Partners Texas LLC acquired a new stake in Cheniere Energy during the second quarter worth approximately $384,806,000. Nuveen LLC acquired a new stake in Cheniere Energy during the first quarter worth approximately $294,793,000. Massachusetts Financial Services Co. MA grew its position in Cheniere Energy by 12.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,660,545 shares of the energy company's stock worth $1,078,450,000 after buying an additional 534,033 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Cheniere Energy by 33.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,031,767 shares of the energy company's stock worth $470,151,000 after buying an additional 504,960 shares in the last quarter. Finally, Royal Bank of Canada grew its position in Cheniere Energy by 25.7% during the first quarter. Royal Bank of Canada now owns 2,395,267 shares of the energy company's stock worth $554,265,000 after buying an additional 488,994 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on LNG. BMO Capital Markets began coverage on Cheniere Energy in a report on Friday, September 19th. They issued an "outperform" rating and a $268.00 target price on the stock. TD Cowen raised their target price on Cheniere Energy from $265.00 to $270.00 and gave the company a "buy" rating in a report on Friday, August 8th. Barclays reaffirmed an "overweight" rating and issued a $262.00 target price (up previously from $253.00) on shares of Cheniere Energy in a report on Tuesday, July 15th. Scotiabank reaffirmed an "outperform" rating on shares of Cheniere Energy in a report on Tuesday, July 15th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Cheniere Energy in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $263.60.

Cheniere Energy Stock Down 1.7%

Shares of LNG opened at $227.56 on Friday. Cheniere Energy, Inc. has a 52 week low of $180.62 and a 52 week high of $257.65. The stock has a market capitalization of $50.01 billion, a price-to-earnings ratio of 13.28 and a beta of 0.37. 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 stock has a fifty day moving average of $235.33 and a 200-day moving average of $232.94.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 EPS for the quarter, beating analysts' consensus estimates of $2.35 by $4.95. The company had revenue of $4.64 billion during the quarter, compared to analysts' expectations of $4.48 billion. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.Cheniere Energy's revenue was up 42.8% compared to the same quarter last year. During the same period in the prior year, the company earned $3.84 EPS. As a group, sell-side 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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