Cheniere Energy, Inc. $LNG Holdings Raised by TD Asset Management Inc

Key Points

• TD Asset Management Inc increased its stake in Cheniere Energy by 1.5% in the second quarter, owning about 0.90% of the company, valued at approximately $484.8 million.
• Wells Fargo raised its price target for Cheniere Energy from $267 to $284, while several other analysts maintained "overweight" or "buy" ratings, reflecting positive sentiment toward the stock.
• Cheniere Energy reported a significant earnings per share (EPS) of $7.30 for the last quarter, beating estimates by $4.95, with revenues up 42.8% year-over-year at $4.64 billion.

TD Asset Management Inc grew its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 1.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,990,748 shares of the energy company's stock after purchasing an additional 28,742 shares during the period. TD Asset Management Inc owned about 0.90% of Cheniere Energy worth $484,787,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of LNG. Brighton Jones LLC purchased a new stake in shares of Cheniere Energy during the fourth quarter valued at $335,000. Farther Finance Advisors LLC lifted its holdings in shares of Cheniere Energy by 28.9% during the first quarter. Farther Finance Advisors LLC now owns 759 shares of the energy company's stock valued at $175,000 after purchasing an additional 170 shares during the last quarter. Yousif Capital Management LLC lifted its holdings in shares of Cheniere Energy by 5.2% during the first quarter. Yousif Capital Management LLC now owns 4,170 shares of the energy company's stock valued at $965,000 after purchasing an additional 208 shares during the last quarter. GAMMA Investing LLC lifted its stake in Cheniere Energy by 9.5% in the 1st quarter. GAMMA Investing LLC now owns 1,479 shares of the energy company's stock worth $342,000 after acquiring an additional 128 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in Cheniere Energy by 63.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 76,919 shares of the energy company's stock worth $17,800,000 after acquiring an additional 29,937 shares in the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

LNG has been the subject of several research analyst reports. Wells Fargo & Company increased their price objective on Cheniere Energy from $267.00 to $284.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 12th. Barclays reaffirmed an "overweight" rating and issued a $262.00 target price (up from $253.00) on shares of Cheniere Energy in a research report on Tuesday, July 15th. Bank of America upped their target price on Cheniere Energy from $258.00 to $271.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. BMO Capital Markets began 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. Finally, Scotiabank reaffirmed an "outperform" rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Cheniere Energy has an average rating of "Buy" and a consensus price target of $263.60.

Cheniere Energy Stock Performance

Shares of NYSE LNG opened at $227.04 on Tuesday. 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 firm has a market cap of $49.90 billion, a price-to-earnings ratio of 13.25 and a beta of 0.37. Cheniere Energy, Inc. has a 52 week low of $180.62 and a 52 week high of $257.65. The business's 50-day simple moving average is $235.03 and its 200-day simple moving average is $232.99.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The energy company reported $7.30 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $4.48 billion. During the same quarter in the previous year, the company posted $3.84 EPS. The business's revenue for the quarter was up 42.8% compared to the same quarter last year. As a group, equities research analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share 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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