Cheniere Energy, Inc. $LNG Shares Purchased by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH increased its stake in Cheniere Energy by 2.8%, owning 1,296,901 shares valued at $315.8 million after acquiring 34,846 additional shares.
• Cheniere Energy's stock has been rated positively by analysts, with a consensus rating of Buy and a price target of approximately $266.93.
• The company reported a significant earnings beat for the quarter, with earnings per share at $7.30, exceeding estimates by $4.95 and marking a 42.8% year-over-year revenue growth.

Allianz Asset Management GmbH boosted its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 2.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,296,901 shares of the energy company's stock after buying an additional 34,846 shares during the quarter. Allianz Asset Management GmbH owned 0.58% of Cheniere Energy worth $315,821,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Altman Advisors Inc. grew its position in 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 purchasing an additional 43 shares during the last quarter. Greenleaf Trust grew its position in 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 purchasing an additional 46 shares during the last quarter. Hemington Wealth Management grew its position in 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 purchasing an additional 48 shares during the last quarter. Brooklyn Investment Group grew its position in 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 purchasing an additional 48 shares during the last quarter. Finally, Venturi Wealth Management LLC grew its position in 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 purchasing an additional 52 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Scotiabank restated an "outperform" rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. Cowen reiterated a "buy" rating on shares of Cheniere Energy in a report on Friday, August 8th. BMO Capital Markets began coverage on shares of Cheniere Energy in a report on Friday, September 19th. They issued an "outperform" rating and a $268.00 price objective for the company. Wells Fargo & Company increased their price objective on shares of Cheniere Energy from $267.00 to $284.00 and gave the company an "overweight" rating in a report on Tuesday, August 12th. Finally, TD Cowen increased their price objective on shares of Cheniere Energy from $265.00 to $270.00 and gave the company a "buy" rating in a report on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $266.93.

Cheniere Energy Trading Down 0.2%

Cheniere Energy stock opened at $225.77 on Thursday. Cheniere Energy, Inc. has a 12-month low of $180.62 and a 12-month high of $257.65. The stock has a market capitalization of $49.62 billion, a PE ratio of 13.18 and a beta of 0.37. The firm has a 50 day simple moving average of $234.57 and a 200-day simple moving average of $232.90. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85.

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

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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