Cannon Global Investment Management LLC Acquires 2,900 Shares of Cheniere Energy, Inc. $LNG

Key Points

• Cannon Global Investment Management LLC increased its holdings in Cheniere Energy by 111.5%, acquiring an additional 2,900 shares, bringing its total ownership to 5,500 shares valued at approximately $1,339,000.
• Cheniere Energy reported earnings of $7.30 per share for the quarter, significantly exceeding analysts' expectations of $2.35, while its revenue rose 42.8% year-over-year to $4.64 billion.
• Institutional investors own approximately 87.26% of Cheniere Energy's stock, indicating strong institutional confidence in the company.

Cannon Global Investment Management LLC lifted its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 111.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,500 shares of the energy company's stock after acquiring an additional 2,900 shares during the period. Cheniere Energy accounts for approximately 2.7% of Cannon Global Investment Management LLC's investment portfolio, making the stock its 6th biggest holding. Cannon Global Investment Management LLC's holdings in Cheniere Energy were worth $1,339,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. American Century Companies Inc. increased its position in Cheniere Energy by 27.6% during the first quarter. American Century Companies Inc. now owns 1,304,253 shares of the energy company's stock worth $301,804,000 after buying an additional 282,050 shares during the period. Thompson Davis & CO. Inc. acquired a new position in Cheniere Energy during the first quarter worth approximately $529,000. Kayne Anderson Capital Advisors LP increased its position in Cheniere Energy by 7.6% during the first quarter. Kayne Anderson Capital Advisors LP now owns 1,494,901 shares of the energy company's stock worth $345,920,000 after buying an additional 105,875 shares during the period. Fractal Investments LLC increased its position in Cheniere Energy by 27.7% during the first quarter. Fractal Investments LLC now owns 75,585 shares of the energy company's stock worth $17,490,000 after buying an additional 16,385 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Cheniere Energy by 7.5% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,505 shares of the energy company's stock worth $5,439,000 after buying an additional 1,630 shares during the period. Institutional investors and hedge funds own 87.26% of the company's stock.

Cheniere Energy Trading Down 0.6%

Shares of LNG stock opened at $218.67 on Friday. The business's 50 day moving average is $234.02 and its two-hundred day moving average is $232.74. Cheniere Energy, Inc. has a twelve month low of $180.62 and a twelve month high of $257.65. The company has a market capitalization of $48.06 billion, a P/E ratio of 12.77 and a beta of 0.37. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 1.96.

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. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The firm had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.48 billion. During the same period in the previous year, the business earned $3.84 earnings per share. The company's revenue for the quarter was up 42.8% compared to the same quarter last year. Equities analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Cheniere Energy in a research report on Wednesday, October 8th. Scotiabank reaffirmed an "outperform" rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. Mizuho lifted their price target on Cheniere Energy from $268.00 to $273.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Barclays reaffirmed an "overweight" rating and set a $262.00 price target (up previously from $253.00) on shares of Cheniere Energy in a research report on Tuesday, July 15th. Finally, TD Cowen lifted their price target on Cheniere Energy from $265.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Cheniere Energy has a consensus rating of "Buy" and a consensus price target of $266.93.

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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