Cheniere Energy, Inc. $LNG Shares Acquired by Nordea Investment Management AB

Key Points

• Nordea Investment Management AB increased its stake in Cheniere Energy by 3.9%, owning 109,285 shares worth $26.36 million as per its latest SEC filing.
• Cheniere Energy reported a significant earnings per share of $7.30 for the last quarter, well above analysts' expectations, with revenue climbing 42.8% year-over-year.
• Institutional investors own 87.26% of Cheniere Energy's shares, with various hedge funds adjusting their stakes in the company in recent quarters.

Nordea Investment Management AB lifted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 3.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,285 shares of the energy company's stock after buying an additional 4,083 shares during the quarter. Nordea Investment Management AB's holdings in Cheniere Energy were worth $26,360,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in LNG. Brighton Jones LLC acquired a new position in Cheniere Energy in the fourth quarter worth $335,000. GAMMA Investing LLC boosted its holdings in Cheniere Energy by 9.5% in the first quarter. GAMMA Investing LLC now owns 1,479 shares of the energy company's stock worth $342,000 after purchasing an additional 128 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Cheniere Energy by 63.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 76,919 shares of the energy company's stock worth $17,800,000 after purchasing an additional 29,937 shares during the period. CWA Asset Management Group LLC acquired a new position in Cheniere Energy in the first quarter worth $200,000. Finally, Johnson Investment Counsel Inc. acquired a new position in Cheniere Energy in the first quarter worth $211,000. Institutional investors and hedge funds own 87.26% of the company's stock.

Cheniere Energy Stock Performance

Shares of LNG opened at $218.67 on Friday. Cheniere Energy, Inc. has a 1 year low of $180.62 and a 1 year high of $257.65. The company has a market cap of $48.06 billion, a price-to-earnings ratio of 12.77 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 firm has a fifty day moving average of $234.02 and a 200-day moving average of $232.72.

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 for the quarter, beating analysts' consensus estimates of $2.35 by $4.95. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The business had revenue of $4.64 billion for the quarter, compared to analysts' expectations of $4.48 billion. During the same period in the previous year, the business earned $3.84 earnings per share. The company's revenue was up 42.8% on a year-over-year basis. As a group, equities analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Wells Fargo & Company lifted 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. Zacks Research raised shares of Cheniere Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, October 6th. Weiss Ratings reissued a "buy (b)" rating on shares of Cheniere Energy in a report on Wednesday, October 8th. Bank of America boosted their price target on shares of Cheniere Energy from $258.00 to $271.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Finally, Scotiabank reissued an "outperform" rating on shares of Cheniere Energy in a report on Tuesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $266.93.

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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