Mirae Asset Global Investments Co. Ltd. Acquires 1,949 Shares of Cheniere Energy, Inc. $LNG

Key Points

• Mirae Asset Global Investments Co. Ltd. increased its stake in Cheniere Energy by 5.2%, acquiring an additional 1,949 shares, bringing its total holdings to 39,662 shares valued at $9.66 million.
• A significant number of hedge funds have increased their positions in Cheniere Energy, with Massachusetts Financial Services boosting its stake by 12.9%, now holding over 4.66 million shares valued at approximately $1.08 billion.
• Cheniere Energy reported **record earnings** of $7.30 per share for the last quarter, significantly exceeding estimates, and anticipates posting earnings of $11.69 per share for the current year.

Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 5.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,662 shares of the energy company's stock after buying an additional 1,949 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Cheniere Energy were worth $9,658,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in LNG. Kingstone Capital Partners Texas LLC bought a new position in Cheniere Energy in the 2nd quarter valued at about $384,806,000. Nuveen LLC bought a new position in shares of Cheniere Energy in the first quarter valued at approximately $294,793,000. Massachusetts Financial Services Co. MA boosted its position in shares of Cheniere Energy by 12.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 4,660,545 shares of the energy company's stock valued at $1,078,450,000 after buying an additional 534,033 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Cheniere Energy by 33.1% during the first 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 holdings in Cheniere Energy by 25.7% during the first 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 currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Barclays reaffirmed 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. Wells Fargo & Company raised their price target on shares of Cheniere Energy from $267.00 to $284.00 and gave the company an "overweight" rating in a research report on Tuesday, August 12th. Mizuho upped their price objective on shares of Cheniere Energy from $268.00 to $273.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Scotiabank reiterated an "outperform" rating on shares of Cheniere Energy in a research note on Tuesday, July 15th. Finally, 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 research note on Wednesday, June 25th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $263.60.

Cheniere Energy Trading Up 0.2%

Shares of LNG stock opened at $232.15 on Monday. Cheniere Energy, Inc. has a 12-month low of $180.62 and a 12-month high of $257.65. The company has a quick ratio of 0.85, a current ratio of 0.98 and a debt-to-equity ratio of 1.96. The company has a 50 day moving average of $235.51 and a 200-day moving average of $232.91. The firm has a market cap of $51.02 billion, a P/E ratio of 13.55 and a beta of 0.37.

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 the consensus estimate 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 return on equity of 37.83% and a net margin of 21.05%.Cheniere Energy's revenue was up 42.8% compared to the same quarter last year. During the same period in the prior year, the company earned $3.84 earnings per share. Sell-side analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

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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