Cheniere Energy, Inc. $LNG Shares Bought by Ninety One UK Ltd

Key Points

• Ninety One UK Ltd increased its stake in Cheniere Energy, Inc. by 20.0% during the second quarter, now owning approximately 1,808,825 shares valued at about $440.5 million.
• Cheniere Energy reported quarterly earnings of $7.30 per share, significantly surpassing the consensus estimate of $2.35, with total revenue of $4.64 billion.
• Wall Street analysts are optimistic about Cheniere Energy's future, with several brokerages raising their price targets, including TD Cowen, which set a new target of $270.00.

Ninety One UK Ltd lifted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 20.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,808,825 shares of the energy company's stock after buying an additional 301,912 shares during the quarter. Cheniere Energy makes up about 1.0% of Ninety One UK Ltd's investment portfolio, making the stock its 28th largest holding. Ninety One UK Ltd owned approximately 0.82% of Cheniere Energy worth $440,485,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in LNG. Pinnacle Bancorp Inc. boosted 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 last quarter. Cooksen Wealth LLC acquired a new stake in shares of Cheniere Energy in the 1st quarter valued at about $38,000. WPG Advisers LLC bought a new position in shares of Cheniere Energy during the first quarter worth about $38,000. Tsfg LLC lifted its position in shares of Cheniere Energy by 676.0% during the first quarter. Tsfg LLC now owns 194 shares of the energy company's stock worth $45,000 after purchasing an additional 169 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd grew its stake in Cheniere Energy by 2,587.5% in the first quarter. Caitong International Asset Management Co. Ltd now owns 215 shares of the energy company's stock worth $50,000 after purchasing an additional 207 shares in the last quarter. Institutional investors own 87.26% of the company's stock.

Cheniere Energy Trading Down 0.2%

NYSE:LNG opened at $235.09 on Wednesday. The stock has a market cap of $51.67 billion, a price-to-earnings 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, Inc. has a 1 year low of $177.79 and a 1 year high of $257.65. The business has a fifty day moving average of $235.08 and a 200-day moving average of $232.74.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The energy company reported $7.30 earnings per share for the quarter, topping the consensus estimate of $2.35 by $4.95. The business had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.48 billion. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The company's quarterly revenue was up 42.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.84 earnings per share. Equities analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on LNG. TD Cowen upped their price objective on Cheniere Energy from $265.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, August 8th. BMO Capital Markets assumed coverage on Cheniere Energy in a research report on Friday, September 19th. They set an "outperform" rating and a $268.00 price target on the stock. Mizuho lifted their price objective on shares of Cheniere Energy from $268.00 to $273.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. Wells Fargo & Company raised their target price 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. Finally, Cowen reaffirmed a "buy" rating on shares of Cheniere Energy in a report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $263.60.

Cheniere Energy Company 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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