Cheniere Energy, Inc. $LNG Holdings Lifted by Trivium Point Advisory LLC

Key Points

• Trivium Point Advisory LLC increased its holdings in Cheniere Energy by 25.8% during the second quarter, owning 35,262 shares valued at $8,587,000.
• Cheniere Energy reported earnings of $7.30 per share, significantly exceeding the consensus estimate of $2.35, with a 42.8% year-over-year revenue growth.
• Analysts have positive outlooks on Cheniere Energy, with an average rating of "Buy" and a consensus target price of $263.60.

Trivium Point Advisory LLC increased its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 25.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,262 shares of the energy company's stock after buying an additional 7,233 shares during the quarter. Cheniere Energy accounts for approximately 0.9% of Trivium Point Advisory LLC's holdings, making the stock its 20th biggest position. Trivium Point Advisory LLC's holdings in Cheniere Energy were worth $8,587,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Altman Advisors Inc. grew its holdings in shares of Cheniere Energy by 0.4% during the first quarter. Altman Advisors Inc. now owns 10,162 shares of the energy company's stock valued at $2,348,000 after buying an additional 43 shares in the last quarter. Greenleaf Trust grew its holdings in shares of Cheniere Energy by 1.1% during the first quarter. Greenleaf Trust now owns 4,212 shares of the energy company's stock valued at $975,000 after buying an additional 46 shares in the last quarter. Hemington Wealth Management grew its holdings in shares of Cheniere Energy by 14.0% during the first quarter. Hemington Wealth Management now owns 390 shares of the energy company's stock valued at $90,000 after buying an additional 48 shares in the last quarter. Brooklyn Investment Group grew its stake in Cheniere Energy by 5.0% in the first quarter. Brooklyn Investment Group now owns 1,007 shares of the energy company's stock valued at $233,000 after purchasing an additional 48 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its position in Cheniere Energy by 4.0% in the 1st quarter. Venturi Wealth Management LLC now owns 1,356 shares of the energy company's stock worth $314,000 after purchasing an additional 52 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company's stock.

Cheniere Energy Stock Performance

LNG opened at $235.72 on Tuesday. The company has a market cap of $51.80 billion, a PE ratio of 13.76 and a beta of 0.43. The stock has a 50-day moving average of $234.84 and a 200-day moving average of $232.72. Cheniere Energy, Inc. has a 52-week low of $177.79 and a 52-week high of $257.65. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98.

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 (EPS) for the quarter, topping the consensus estimate of $2.35 by $4.95. The company 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 firm's revenue was up 42.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.84 EPS. As a group, equities research analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on LNG shares. Scotiabank reaffirmed an "outperform" rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. TD Cowen upped their target price on Cheniere Energy from $265.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. BMO Capital Markets started coverage on Cheniere Energy in a research report on Friday, September 19th. They issued an "outperform" rating and a $268.00 target price on the stock. Jefferies Financial Group set a $288.00 target price on Cheniere Energy and gave the stock a "buy" rating in a research report on Thursday, June 26th. Finally, Cowen reaffirmed a "buy" rating on shares of Cheniere Energy in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Cheniere Energy presently has an average rating of "Buy" and a consensus target price of $263.60.

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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