Cheniere Energy, Inc. $LNG Shares Sold by Legacy Trust

Key Points

• Legacy Trust reduced its holdings in Cheniere Energy by 6.9%, ending with 36,466 shares, which are valued at approximately $8.88 million.
• Cheniere Energy recently reported an EPS of $7.30 for the quarter, significantly surpassing expectations of $2.35, with revenue rising 42.8% year-over-year.
• Analysts generally have a Buy rating on Cheniere Energy, with target prices ranging from $262 to $288, indicating strong market confidence in the company's future performance.

Legacy Trust trimmed its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 6.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,466 shares of the energy company's stock after selling 2,693 shares during the period. Cheniere Energy makes up about 2.2% of Legacy Trust's holdings, making the stock its 13th biggest position. Legacy Trust's holdings in Cheniere Energy were worth $8,880,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of LNG. Kingstone Capital Partners Texas LLC acquired a new position in Cheniere Energy during the second quarter valued at $384,806,000. Nuveen LLC acquired a new position in Cheniere Energy during the first quarter valued at $294,793,000. Massachusetts Financial Services Co. MA raised its position in Cheniere Energy by 12.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,660,545 shares of the energy company's stock valued at $1,078,450,000 after buying an additional 534,033 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Cheniere Energy by 33.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,031,767 shares of the energy company's stock valued at $470,151,000 after buying an additional 504,960 shares during the period. Finally, Royal Bank of Canada raised its position in Cheniere Energy by 25.7% during the first quarter. Royal Bank of Canada now owns 2,395,267 shares of the energy company's stock valued at $554,265,000 after buying an additional 488,994 shares during the period. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Stock Performance

Shares of NYSE LNG opened at $232.15 on Friday. 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 market cap of $51.02 billion, a price-to-earnings ratio of 13.55 and a beta of 0.37. The business's 50-day simple moving average is $235.51 and its 200-day simple moving average is $232.89. Cheniere Energy, Inc. has a 52 week low of $180.62 and a 52 week high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The energy company reported $7.30 EPS for the quarter, beating analysts' consensus estimates of $2.35 by $4.95. The business had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.48 billion. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The firm's revenue for the quarter was up 42.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.84 EPS. As a group, equities research analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on LNG shares. Cowen reissued a "buy" rating on shares of Cheniere Energy in a research report on Friday, August 8th. Jefferies Financial Group set a $288.00 target price on Cheniere Energy and gave the stock a "buy" rating in a research report on Thursday, June 26th. TD Cowen upped their target price on Cheniere Energy from $265.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Barclays reaffirmed an "overweight" rating and issued a $262.00 target price (up from $253.00) on shares of Cheniere Energy in a research report on Tuesday, July 15th. Finally, Bank of America upped their target price on Cheniere Energy from $258.00 to $271.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $263.60.

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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