KLP Kapitalforvaltning AS Purchases 1,600 Shares of Cheniere Energy, Inc. $LNG

Key Points

• KLP Kapitalforvaltning AS increased its stake in Cheniere Energy by 1.9%, acquiring an additional 1,600 shares, bringing its total holdings to 84,476 shares valued at approximately $20.57 million.
• Cheniere Energy's quarterly earnings report revealed EPS of $7.30, significantly exceeding analyst expectations of $2.35, with revenues growing by 42.8% year-over-year.
• Analysts remain bullish on Cheniere Energy, with an average target price of $263.60 and numerous firms upgrading their ratings, including Barclays and Bank of America.

KLP Kapitalforvaltning AS lifted its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 1.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 84,476 shares of the energy company's stock after buying an additional 1,600 shares during the quarter. KLP Kapitalforvaltning AS's holdings in Cheniere Energy were worth $20,572,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Pinnacle Bancorp Inc. grew its stake in shares of Cheniere Energy by 134.1% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company's stock valued at $25,000 after buying an additional 59 shares in the last quarter. Hilltop National Bank bought a new stake in shares of Cheniere Energy in the 2nd quarter valued at approximately $28,000. Cooksen Wealth LLC bought a new stake in shares of Cheniere Energy in the 1st quarter valued at approximately $38,000. WPG Advisers LLC bought a new stake in shares of Cheniere Energy in the 1st quarter valued at approximately $38,000. Finally, Tsfg LLC grew its stake in shares of Cheniere Energy by 676.0% in the 1st quarter. Tsfg LLC now owns 194 shares of the energy company's stock valued at $45,000 after buying an additional 169 shares in the last quarter. Institutional investors own 87.26% of the company's stock.

Cheniere Energy Stock Up 0.1%

Shares of LNG stock opened at $235.65 on Thursday. Cheniere Energy, Inc. has a 12 month low of $180.62 and a 12 month high of $257.65. The firm has a market cap of $51.79 billion, a PE ratio of 13.76 and a beta of 0.37. The stock has a 50 day moving average of $235.64 and a 200-day moving average of $232.99. 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 issued its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 EPS for the quarter, topping analysts' consensus estimates of $2.35 by $4.95. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The company had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.48 billion. During the same period in the previous year, the company earned $3.84 earnings per share. The company's quarterly revenue was up 42.8% compared to the same quarter last year. On average, equities analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on LNG shares. Barclays reissued an "overweight" rating and issued a $262.00 price target (up previously from $253.00) on shares of Cheniere Energy in a research note on Tuesday, July 15th. Zacks Research upgraded Cheniere Energy from a "hold" rating to a "strong-buy" rating in a report on Monday. Weiss Ratings restated a "buy (b)" rating on shares of Cheniere Energy in a report on Wednesday. Bank of America boosted their target price on Cheniere Energy from $258.00 to $271.00 and gave the stock a "buy" rating in a report on Wednesday, June 25th. Finally, BMO Capital Markets assumed coverage on Cheniere Energy in a report on Friday, September 19th. They issued an "outperform" rating and a $268.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, Cheniere Energy presently has an average rating of "Buy" and an average target price of $263.60.

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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