Franklin Street Advisors Inc. NC Raises Stock Position in Cheniere Energy, Inc. $LNG

Key Points

• Franklin Street Advisors Inc. NC increased its stake in Cheniere Energy, Inc. by 4.1% during Q2, holding 61,802 shares worth approximately $15 million.
• Investment analysts are optimistic about Cheniere Energy, with the stock receiving a consensus rating of "Buy" and a price target of $263.60.
• Cheniere Energy reported strong quarterly earnings, with earnings per share of $7.30, significantly beating analyst expectations and marking a year-over-year revenue increase of 42.8% to $4.64 billion.

Franklin Street Advisors Inc. NC grew its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 4.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 61,802 shares of the energy company's stock after buying an additional 2,416 shares during the period. Franklin Street Advisors Inc. NC's holdings in Cheniere Energy were worth $15,050,000 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 LNG. Kingstone Capital Partners Texas LLC purchased a new position in shares of Cheniere Energy in the 2nd quarter worth $384,806,000. Nuveen LLC purchased a new position in shares of Cheniere Energy in the 1st quarter worth $294,793,000. 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Cheniere Energy by 33.1% in the 1st 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 worth $470,151,000 after buying an additional 504,960 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in shares of Cheniere Energy by 25.7% in the 1st quarter. Royal Bank of Canada now owns 2,395,267 shares of the energy company's stock worth $554,265,000 after buying an additional 488,994 shares in the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on LNG shares. Bank of America lifted their price objective 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. Barclays reaffirmed an "overweight" rating and set a $262.00 price target (up from $253.00) on shares of Cheniere Energy in a research note on Tuesday, July 15th. BMO Capital Markets began coverage on shares of Cheniere Energy in a research note on Friday, September 19th. They set an "outperform" rating and a $268.00 price target for the company. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Cheniere Energy in a research note on Saturday, September 27th. Finally, Cowen reaffirmed a "buy" rating on shares of Cheniere Energy in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus price target of $263.60.

Cheniere Energy Trading Up 0.2%

Shares of LNG opened at $232.15 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 $235.51 and a 200 day moving average of $232.86. The firm has a market capitalization of $51.02 billion, a price-to-earnings ratio of 13.55 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.

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