Cheniere Energy, Inc. $LNG Stock Holdings Boosted by Meitav Investment House Ltd.

Key Points

• Meitav Investment House Ltd. increased its stake in Cheniere Energy by 31.7% in Q2, acquiring an additional 40,500 shares, bringing its total holdings to 168,200 shares valued at approximately $40.98 million.
• Cheniere Energy received multiple positive ratings from analysts, with Weiss Ratings reaffirming a "buy" rating and analysts setting a consensus target price of $263.60 for the stock.
• The company's latest earnings report showed a strong performance, with earnings per share of $7.30, significantly exceeding analysts' expectations of $2.35 and marking a 42.8% year-over-year revenue increase.

Meitav Investment House Ltd. lifted its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 31.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 168,200 shares of the energy company's stock after acquiring an additional 40,500 shares during the period. Meitav Investment House Ltd. owned 0.08% of Cheniere Energy worth $40,984,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Altman Advisors Inc. lifted its stake in Cheniere Energy by 0.4% during the first quarter. Altman Advisors Inc. now owns 10,162 shares of the energy company's stock valued at $2,348,000 after buying an additional 43 shares in the last quarter. Greenleaf Trust increased its holdings in shares of Cheniere Energy by 1.1% in the 1st quarter. Greenleaf Trust now owns 4,212 shares of the energy company's stock valued at $975,000 after purchasing an additional 46 shares during the period. Hemington Wealth Management increased its holdings in shares of Cheniere Energy by 14.0% in the 1st quarter. Hemington Wealth Management now owns 390 shares of the energy company's stock valued at $90,000 after purchasing an additional 48 shares during the period. Brooklyn Investment Group increased its holdings in shares of Cheniere Energy by 5.0% in the 1st quarter. Brooklyn Investment Group now owns 1,007 shares of the energy company's stock valued at $233,000 after purchasing an additional 48 shares during the period. Finally, Venturi Wealth Management LLC increased its holdings in shares of Cheniere Energy by 4.0% in the 1st quarter. Venturi Wealth Management LLC now owns 1,356 shares of the energy company's stock valued at $314,000 after purchasing an additional 52 shares during the period. Institutional investors own 87.26% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on LNG shares. Weiss Ratings restated a "buy (b)" rating on shares of Cheniere Energy in a report on Saturday, September 27th. Jefferies Financial Group set a $288.00 price target on shares of Cheniere Energy and gave the company a "buy" rating in a research report on Thursday, June 26th. Mizuho lifted their price target on shares of Cheniere Energy from $268.00 to $273.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. Wells Fargo & Company lifted their price target on shares of Cheniere Energy from $267.00 to $284.00 and gave the company an "overweight" rating in a research report on Tuesday, August 12th. Finally, Bank of America lifted their price target on shares of Cheniere Energy from $258.00 to $271.00 and gave the company a "buy" rating in a research report on Wednesday, June 25th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, Cheniere Energy presently has a consensus rating of "Buy" and an average target price of $263.60.

Cheniere Energy Stock Up 0.3%

Shares of LNG stock opened at $233.01 on Tuesday. The stock has a market cap of $51.21 billion, a P/E ratio of 13.60 and a beta of 0.37. Cheniere Energy, Inc. has a one year low of $180.62 and a one year high of $257.65. The stock has a fifty day moving average price of $235.60 and a 200 day moving average price of $232.95. 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 issued its earnings results on Thursday, August 7th. The energy company reported $7.30 EPS for the quarter, topping the consensus estimate of $2.35 by $4.95. The firm had revenue of $4.64 billion during the quarter, compared to analysts' expectations of $4.48 billion. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.Cheniere Energy's quarterly revenue was up 42.8% compared to the same quarter last year. During the same period last year, the business earned $3.84 earnings per share. Analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current 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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