Cwm LLC Raises Stock Position in Cheniere Energy, Inc. $LNG

Key Points

• Cwm LLC increased its holdings in Cheniere Energy, Inc. by 64.6% in the second quarter, now owning 14,413 shares valued at $3.51 million.
• Several institutional investors, including Vanguard Group and Goldman Sachs, have also increased their stakes in Cheniere Energy, indicating strong interest from major market players.
• Cheniere Energy reported earnings of $7.30 per share for the last quarter, significantly exceeding analyst estimates, with a 42.8% year-over-year revenue growth.

Cwm LLC grew its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 64.6% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,413 shares of the energy company's stock after buying an additional 5,655 shares during the period. Cwm LLC's holdings in Cheniere Energy were worth $3,510,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. grew its stake in shares of 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 buying an additional 54,801 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of 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. grew its stake in shares of Cheniere Energy by 7.9% in the 1st quarter. Invesco Ltd. now owns 3,492,443 shares of the energy company's stock worth $808,151,000 after buying an additional 255,140 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Cheniere Energy by 12.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,185,605 shares of the energy company's stock worth $737,149,000 after buying an additional 359,435 shares in the last quarter. Finally, Amundi grew its stake in shares of Cheniere Energy by 0.3% in the 1st quarter. Amundi now owns 2,703,299 shares of the energy company's stock worth $595,245,000 after buying an additional 7,297 shares in the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on LNG. Cowen reissued a "buy" rating on shares of Cheniere Energy in a research note on Friday, August 8th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Cheniere Energy in a research note on Wednesday, October 8th. Bank of America lifted their price target on shares of Cheniere Energy from $258.00 to $271.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Jefferies Financial Group set a $288.00 price target on shares of Cheniere Energy and gave the stock a "buy" rating in a research note on Thursday, June 26th. Finally, Zacks Research raised shares of Cheniere Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $266.93.

Cheniere Energy Trading Down 0.6%

Shares of LNG opened at $218.67 on Friday. Cheniere Energy, Inc. has a 1-year low of $180.62 and a 1-year high of $257.65. The company has a 50-day moving average of $234.02 and a 200 day moving average of $232.74. The firm has a market capitalization of $48.06 billion, a price-to-earnings ratio of 12.77 and a beta of 0.37. 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 announced its quarterly earnings data on Thursday, August 7th. The energy company reported $7.30 earnings per share for the quarter, beating analysts' consensus estimates of $2.35 by $4.95. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The company had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.48 billion. During the same quarter last year, the business posted $3.84 EPS. The firm's revenue for the quarter was up 42.8% on a year-over-year basis. On average, research analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.