Cheniere Energy, Inc. $LNG Position Increased by Miller Howard Investments Inc. NY

Key Points

• Miller Howard Investments Inc. NY increased its holdings in Cheniere Energy by 12.8% in Q2, acquiring an additional 20,670 shares, bringing their total to 182,632 shares valued at approximately $44.5 million.
• Analysts are optimistic about Cheniere Energy, with multiple firms raising their target prices and issuing ratings of "outperform" or "buy", with a consensus price target of $263.60.
• Cheniere Energy reported a significant increase in earnings, with an EPS of $7.30 for the last quarter, well above estimates of $2.35, and a 42.8% revenue increase year-over-year.

Miller Howard Investments Inc. NY increased its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 12.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 182,632 shares of the energy company's stock after buying an additional 20,670 shares during the period. Miller Howard Investments Inc. NY owned about 0.08% of Cheniere Energy worth $44,474,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC purchased a new position in Cheniere Energy in the 2nd quarter valued at about $384,806,000. IFM Investors Pty Ltd lifted its holdings in Cheniere Energy by 1.8% in the 2nd quarter. IFM Investors Pty Ltd now owns 56,858 shares of the energy company's stock valued at $13,846,000 after purchasing an additional 984 shares in the last quarter. Fulton Bank N.A. lifted its holdings in Cheniere Energy by 53.0% in the 2nd quarter. Fulton Bank N.A. now owns 2,588 shares of the energy company's stock valued at $630,000 after purchasing an additional 897 shares in the last quarter. NorthCrest Asset Manangement LLC lifted its holdings in Cheniere Energy by 0.3% in the 2nd quarter. NorthCrest Asset Manangement LLC now owns 35,100 shares of the energy company's stock valued at $8,411,000 after purchasing an additional 107 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its holdings in Cheniere Energy by 27.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 97,782 shares of the energy company's stock valued at $23,430,000 after purchasing an additional 20,863 shares in the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Stock Down 0.3%

Shares of NYSE:LNG traded down $0.65 during midday trading on Monday, reaching $230.85. The company had a trading volume of 1,724,883 shares, compared to its average volume of 2,048,664. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85. The stock's fifty day moving average price is $234.82 and its 200-day moving average price is $231.87. The stock has a market capitalization of $50.73 billion, a P/E ratio of 13.48 and a beta of 0.43. Cheniere Energy, Inc. has a one year low of $177.56 and a one year high of $257.65.

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, topping analysts' consensus estimates of $2.35 by $4.95. The business had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.48 billion. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The business's revenue was up 42.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.84 earnings per share. Equities research analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Analysts Set New Price Targets

LNG has been the subject of a number of research analyst reports. Cowen reaffirmed a "buy" rating on shares of Cheniere Energy in a research note on Friday, August 8th. Mizuho upped their price objective on shares of Cheniere Energy from $268.00 to $273.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. Wells Fargo & Company upped their price objective on shares of Cheniere Energy from $267.00 to $284.00 and gave the company an "overweight" rating in a research note on Tuesday, August 12th. Bank of America increased their target price on shares of Cheniere Energy from $258.00 to $271.00 and gave the stock a "buy" rating in a research report on Wednesday, June 25th. Finally, Barclays reissued an "overweight" rating and set a $262.00 target price (up previously from $253.00) on shares of Cheniere Energy in a research report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $263.60.

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.