Shell Asset Management Co. Boosts Holdings in Cheniere Energy, Inc. $LNG

Shell Asset Management Co. raised its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 102.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,520 shares of the energy company's stock after acquiring an additional 6,329 shares during the quarter. Shell Asset Management Co.'s holdings in Cheniere Energy were worth $3,049,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in Cheniere Energy by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 20,937,749 shares of the energy company's stock valued at $4,844,995,000 after acquiring an additional 54,801 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings 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 worth $1,078,450,000 after buying an additional 534,033 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Cheniere Energy by 7.9% during the first quarter. Invesco Ltd. now owns 3,492,443 shares of the energy company's stock worth $808,151,000 after buying an additional 255,140 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Cheniere Energy by 12.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,185,605 shares of the energy company's stock worth $737,149,000 after buying an additional 359,435 shares in the last quarter. Finally, Amundi grew its holdings in shares of Cheniere Energy by 0.3% during the first quarter. Amundi now owns 2,703,299 shares of the energy company's stock worth $595,245,000 after buying an additional 7,297 shares in the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company lifted their price target on shares of Cheniere Energy from $267.00 to $284.00 and gave the stock an "overweight" rating in a report on Tuesday, August 12th. TD Cowen lifted their price target on shares of Cheniere Energy from $265.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, August 8th. BMO Capital Markets assumed coverage on shares of Cheniere Energy in a report on Friday, September 19th. They set an "outperform" rating and a $268.00 price target for the company. Jefferies Financial Group set a $288.00 price target on shares of Cheniere Energy and gave the stock a "buy" rating in a report on Thursday, June 26th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Cheniere Energy in a report on Saturday, September 27th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Cheniere Energy currently has an average rating of "Buy" and a consensus target price of $263.60.

Cheniere Energy Price Performance

LNG opened at $235.13 on Wednesday. The company's 50 day simple moving average is $235.60 and its 200 day simple moving average is $232.97. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98. Cheniere Energy, Inc. has a 1 year low of $180.62 and a 1 year high of $257.65. The stock has a market capitalization of $51.67 billion, a PE ratio of 13.73 and a beta of 0.37.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share (EPS) for the quarter, topping 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 period last year, the company earned $3.84 earnings per share. The company's quarterly revenue was up 42.8% on a year-over-year basis. As a group, sell-side analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Company 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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