Cheniere Energy, Inc. $LNG Position Lifted by Trust Co. of Vermont

Key Points

• Trust Co. of Vermont increased its stake in Cheniere Energy by 7.3%, bringing its total holdings to 21,937 shares valued at approximately $5.34 million.
• Cheniere Energy reported robust earnings with an EPS of $7.30 for the last quarter, significantly surpassing expectations and showing a revenue increase of 42.8% year-over-year.
• Several analysts have raised their price targets for Cheniere Energy, with Wells Fargo setting a new target of $284.00 and maintaining an "overweight" rating, reflecting strong confidence in the stock.

Trust Co. of Vermont raised its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 7.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,937 shares of the energy company's stock after acquiring an additional 1,500 shares during the quarter. Trust Co. of Vermont's holdings in Cheniere Energy were worth $5,342,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. Altman Advisors Inc. increased its holdings in shares of Cheniere Energy by 0.4% in the 1st quarter. Altman Advisors Inc. now owns 10,162 shares of the energy company's stock worth $2,348,000 after acquiring an additional 43 shares during the period. Greenleaf Trust increased its holdings in shares of Cheniere Energy by 1.1% in the 1st quarter. Greenleaf Trust now owns 4,212 shares of the energy company's stock worth $975,000 after acquiring an additional 46 shares during the period. Hemington Wealth Management increased its holdings in shares of Cheniere Energy by 14.0% in the 1st quarter. Hemington Wealth Management now owns 390 shares of the energy company's stock worth $90,000 after acquiring an additional 48 shares during the period. Brooklyn Investment Group increased its holdings in shares of Cheniere Energy by 5.0% in the 1st quarter. Brooklyn Investment Group now owns 1,007 shares of the energy company's stock worth $233,000 after acquiring an additional 48 shares during the period. Finally, Venturi Wealth Management LLC increased its holdings in shares of 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 acquiring an additional 52 shares during the period. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Stock Performance

Shares of LNG opened at $235.09 on Wednesday. The company's 50 day moving average price is $235.08 and its 200 day moving average price is $232.74. Cheniere Energy, Inc. has a 52 week low of $177.79 and a 52 week high of $257.65. The company has a market capitalization of $51.67 billion, a PE ratio of 13.72 and a beta of 0.43. 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 posted its earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share (EPS) 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 analysts' expectations of $4.48 billion. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The company's revenue was up 42.8% compared to the same quarter last year. During the same period in the previous year, the company earned $3.84 earnings per share. Research analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of Cheniere Energy from $267.00 to $284.00 and gave the stock an "overweight" rating in a report on Tuesday, August 12th. Cowen reissued a "buy" rating on shares of Cheniere Energy in a research note on Friday, August 8th. TD Cowen raised their target price on shares of Cheniere Energy from $265.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Barclays reissued an "overweight" rating and set a $262.00 target price (up previously from $253.00) on shares of Cheniere Energy in a research note on Tuesday, July 15th. Finally, Jefferies Financial Group set a $288.00 target price on shares of Cheniere Energy and gave the company a "buy" rating in a research note on Thursday, June 26th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $263.60.

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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