CHICAGO TRUST Co NA Takes Position in Cheniere Energy, Inc. $LNG

Key Points

• Chicago Trust Co NA made a new investment in Cheniere Energy by purchasing 4,394 shares valued at approximately $1,070,000 during the 2nd quarter.
• Cheniere Energy reported strong quarterly results, with an **earnings per share (EPS)** of $7.30, significantly exceeding analyst estimates of $2.35, alongside a revenue of $4.64 billion.
• Analysts maintain a favorable outlook on Cheniere Energy, with a consensus rating of **"Buy"** and a price target averaging $263.60, as several firms have recently upgraded their price objectives.

CHICAGO TRUST Co NA purchased a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,394 shares of the energy company's stock, valued at approximately $1,070,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. lifted its stake in Cheniere Energy by 134.1% in the second quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company's stock valued at $25,000 after buying an additional 59 shares during the period. REAP Financial Group LLC lifted its stake in Cheniere Energy by 150.0% in the fourth quarter. REAP Financial Group LLC now owns 125 shares of the energy company's stock valued at $27,000 after buying an additional 75 shares during the period. Cooksen Wealth LLC bought a new stake in shares of Cheniere Energy in the first quarter worth about $38,000. WPG Advisers LLC bought a new stake in shares of Cheniere Energy in the first quarter worth about $38,000. Finally, Ameriflex Group Inc. bought a new stake in shares of Cheniere Energy in the fourth quarter worth about $42,000. Institutional investors and hedge funds own 87.26% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on LNG. Cowen reiterated a "buy" rating on shares of Cheniere Energy in a report on Friday, August 8th. TD Cowen increased their price objective on Cheniere Energy from $265.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Jefferies Financial Group set a $288.00 price objective on Cheniere Energy and gave the stock a "buy" rating in a report on Thursday, June 26th. Wells Fargo & Company increased their price objective on Cheniere Energy from $267.00 to $284.00 and gave the stock an "overweight" rating in a report on Tuesday, August 12th. Finally, Barclays reiterated an "overweight" rating and set a $262.00 price objective (up from $253.00) on shares of Cheniere Energy in a report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $263.60.

Cheniere Energy Trading Down 0.3%

Shares of LNG opened at $230.85 on Tuesday. Cheniere Energy, Inc. has a 52-week low of $177.56 and a 52-week high of $257.65. The business's fifty day moving average is $234.60 and its 200-day moving average is $231.95. 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 $50.73 billion, a price-to-earnings ratio of 13.48 and a beta of 0.43.

Cheniere Energy (NYSE:LNG - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $4.95. The company 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 company's revenue for the quarter was up 42.8% compared to the same quarter last year. During the same quarter last year, the company posted $3.84 EPS. Equities analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

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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