Ninety One SA PTY Ltd Raises Stock Holdings in Cheniere Energy, Inc. $LNG

Key Points

• Ninety One SA PTY Ltd significantly increased its stake in Cheniere Energy, Inc. by 1,045.0% during the second quarter, holding 23,209 shares valued at $5,647,000.
• Cheniere Energy reported a robust EPS of $7.30 for the previous quarter, exceeding analysts' expectations and marking a 42.8% revenue growth from the same quarter last year.
• Analysts have issued positive outlooks for Cheniere Energy, with Bank of America raising its target price from $258.00 to $271.00 and a consensus average target price of $263.60.

Ninety One SA PTY Ltd increased its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 1,045.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,209 shares of the energy company's stock after buying an additional 21,182 shares during the quarter. Ninety One SA PTY Ltd's holdings in Cheniere Energy were worth $5,647,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in LNG. Ninety One UK Ltd boosted its holdings in shares of Cheniere Energy by 20.0% during the second quarter. Ninety One UK Ltd now owns 1,808,825 shares of the energy company's stock worth $440,485,000 after purchasing an additional 301,912 shares during the period. PFG Investments LLC bought a new position in Cheniere Energy during the 2nd quarter valued at approximately $218,000. Trivium Point Advisory LLC raised its position in Cheniere Energy by 25.8% during the 2nd quarter. Trivium Point Advisory LLC now owns 35,262 shares of the energy company's stock valued at $8,587,000 after purchasing an additional 7,233 shares during the last quarter. Spectrum Strategic Capital Management LLC bought a new position in Cheniere Energy during the 2nd quarter valued at approximately $1,131,000. Finally, HB Wealth Management LLC raised its position in Cheniere Energy by 18.3% during the 2nd quarter. HB Wealth Management LLC now owns 3,056 shares of the energy company's stock valued at $744,000 after purchasing an additional 472 shares during the last quarter. Institutional investors own 87.26% of the company's stock.

Cheniere Energy Price Performance

LNG opened at $235.09 on Wednesday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98. The stock has a market capitalization of $51.67 billion, a P/E ratio of 13.72 and a beta of 0.43. The company's 50-day simple moving average is $235.08 and its two-hundred day simple moving average is $232.74. Cheniere Energy, Inc. has a 52-week low of $177.79 and a 52-week high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $4.95. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The business had revenue of $4.64 billion for the quarter, compared to analysts' expectations of $4.48 billion. During the same quarter in the prior year, the business earned $3.84 EPS. The business's revenue for the quarter was up 42.8% compared to the same quarter last year. As a group, analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on LNG shares. Bank of America boosted their target price on Cheniere Energy from $258.00 to $271.00 and gave the company a "buy" rating in a research note on Wednesday, June 25th. Wells Fargo & Company lifted their price target on shares of Cheniere Energy from $267.00 to $284.00 and gave the company an "overweight" rating in a report on Tuesday, August 12th. TD Cowen raised their target price on shares of Cheniere Energy from $265.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Cowen reaffirmed a "buy" rating on shares of Cheniere Energy in a research report on Friday, August 8th. Finally, BMO Capital Markets began coverage on shares of Cheniere Energy in a research note on Friday, September 19th. They issued an "outperform" rating and a $268.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Cheniere Energy presently has an average rating of "Buy" and an average price target 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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