Cheniere Energy, Inc. $LNG Stake Reduced by Generali Asset Management SPA SGR

Key Points

• Generali Asset Management has reduced its stake in Cheniere Energy by 38.8%, owning 19,279 shares worth approximately $4.7 million as of the latest SEC filing.
• Cheniere Energy reported $7.30 earnings per share (EPS) for the most recent quarter, significantly exceeding the consensus estimate of $2.35, and saw a 42.8% increase in year-over-year revenue.
• Several analysts have raised their price targets for Cheniere Energy, with TD Cowen increasing its target from $265 to $270 and Wells Fargo boosting theirs to $284, maintaining a general rating of "Buy" for the stock.

Generali Asset Management SPA SGR decreased its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 38.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,279 shares of the energy company's stock after selling 12,233 shares during the quarter. Generali Asset Management SPA SGR's holdings in Cheniere Energy were worth $4,695,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of LNG. Vanguard Group Inc. grew its position in Cheniere Energy by 0.3% in the 1st quarter. Vanguard Group Inc. now owns 20,937,749 shares of the energy company's stock worth $4,844,995,000 after purchasing an additional 54,801 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Cheniere Energy by 12.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,660,545 shares of the energy company's stock worth $1,078,450,000 after buying an additional 534,033 shares in the last quarter. Invesco Ltd. increased its position in Cheniere Energy by 7.9% in the 1st quarter. Invesco Ltd. now owns 3,492,443 shares of the energy company's stock valued at $808,151,000 after acquiring an additional 255,140 shares during the period. Goldman Sachs Group Inc. raised its stake in Cheniere Energy by 12.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,185,605 shares of the energy company's stock valued at $737,149,000 after acquiring an additional 359,435 shares in the last quarter. Finally, Amundi boosted its position in Cheniere Energy by 0.3% during the 1st quarter. Amundi now owns 2,703,299 shares of the energy company's stock worth $595,245,000 after acquiring an additional 7,297 shares during the period. Institutional investors and hedge funds own 87.26% of the company's stock.

Cheniere Energy Trading Down 0.2%

NYSE:LNG opened at $225.77 on Thursday. The stock has a fifty day simple moving average of $234.57 and a 200 day simple moving average of $232.90. The firm has a market capitalization of $49.62 billion, a price-to-earnings ratio of 13.18 and a beta of 0.37. Cheniere Energy, Inc. has a 1-year low of $180.62 and a 1-year high of $257.65. 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 posted its quarterly earnings data on Thursday, August 7th. The energy company reported $7.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $4.95. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The firm had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.48 billion. During the same quarter in the previous year, the company earned $3.84 EPS. The business's revenue for the quarter was up 42.8% compared to the same quarter last year. Sell-side analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. TD Cowen raised their price target on Cheniere Energy from $265.00 to $270.00 and gave the company a "buy" rating in a report on Friday, August 8th. BMO Capital Markets assumed coverage on shares of Cheniere Energy in a research note on Friday, September 19th. They set an "outperform" rating and a $268.00 target price on the stock. Cowen restated a "buy" rating on shares of Cheniere Energy in a research report on Friday, August 8th. Barclays reiterated an "overweight" rating and issued a $262.00 price objective (up from $253.00) on shares of Cheniere Energy in a report on Tuesday, July 15th. Finally, Wells Fargo & Company boosted their target price on Cheniere Energy from $267.00 to $284.00 and gave the stock an "overweight" rating in a report on Tuesday, August 12th. Two analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average 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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