Cheniere Energy, Inc. $LNG Shares Acquired by Whittier Trust Co.

Key Points

• Whittier Trust Co. increased its holdings in Cheniere Energy by 9.2% during the second quarter, now owning a total of 66,905 shares valued at approximately $16.3 million.
• Cheniere Energy reported impressive quarterly earnings of $7.30 EPS, significantly surpassing analysts' expectations of $2.35, alongside a 42.8% year-over-year revenue growth.
• Analysts have a consensus Buy rating for Cheniere Energy, with a price target average of $266.93, indicating strong market confidence in the company's performance.

Whittier Trust Co. raised its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 9.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 66,905 shares of the energy company's stock after acquiring an additional 5,622 shares during the period. Whittier Trust Co.'s holdings in Cheniere Energy were worth $16,292,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pinnacle Bancorp Inc. lifted its stake in Cheniere Energy by 134.1% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company's stock valued at $25,000 after acquiring an additional 59 shares during the period. Hilltop National Bank purchased a new stake in Cheniere Energy during the second quarter worth $28,000. Richardson Financial Services Inc. purchased a new stake in Cheniere Energy during the second quarter worth $30,000. Cooksen Wealth LLC purchased a new stake in Cheniere Energy during the first quarter worth $38,000. Finally, WPG Advisers LLC purchased a new stake in Cheniere Energy during the first quarter worth $38,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Price Performance

Cheniere Energy stock opened at $221.20 on Tuesday. Cheniere Energy, Inc. has a 52-week low of $180.62 and a 52-week high of $257.65. The firm has a market capitalization of $48.61 billion, a price-to-earnings ratio of 12.91 and a beta of 0.37. The company has a fifty day simple moving average of $233.84 and a 200-day simple moving average of $232.98. The company has a quick ratio of 0.85, a current ratio of 0.98 and a debt-to-equity ratio of 1.96.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings data 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. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The firm had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.48 billion. During the same quarter in the prior year, the firm posted $3.84 earnings per share. Cheniere Energy's quarterly revenue was up 42.8% on a year-over-year basis. On average, equities analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on LNG shares. Cowen reissued a "buy" rating on shares of Cheniere Energy in a report on Friday, August 8th. Jefferies Financial Group set a $288.00 price target on shares of Cheniere Energy and gave the stock a "buy" rating in a report on Thursday, June 26th. TD Cowen increased their price target on shares of Cheniere Energy from $265.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Zacks Research raised shares of Cheniere Energy from a "hold" rating to a "strong-buy" rating in a report on Monday, October 6th. Finally, Scotiabank restated an "outperform" rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. Two investment 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 presently has a consensus rating of "Buy" and a consensus price target of $266.93.

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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