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Stock Yards Bank & Trust Co. Boosts Stock Holdings in Cheniere Energy, Inc. $LNG

Cheniere Energy logo with Energy background

Key Points

  • Stock Yards Bank & Trust Co. increased its stake in Cheniere Energy by 101.8% in the second quarter, which now totals 3,485 shares worth approximately $849,000.
  • Cheniere Energy reported impressive quarterly earnings of $7.30 per share, significantly exceeding the consensus estimate of $2.35, along with a 42.8% year-over-year revenue increase.
  • Research analysts have mostly rated Cheniere Energy positively, with a majority giving it a Buy rating and an average price target of $263.60.
  • Five stocks to consider instead of Cheniere Energy.

Stock Yards Bank & Trust Co. grew its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 101.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,485 shares of the energy company's stock after buying an additional 1,758 shares during the quarter. Stock Yards Bank & Trust Co.'s holdings in Cheniere Energy were worth $849,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. American Century Companies Inc. grew its holdings in shares of Cheniere Energy by 27.6% during the first quarter. American Century Companies Inc. now owns 1,304,253 shares of the energy company's stock valued at $301,804,000 after buying an additional 282,050 shares during the last quarter. Thompson Davis & CO. Inc. purchased a new stake in shares of Cheniere Energy during the first quarter valued at approximately $529,000. Kayne Anderson Capital Advisors LP lifted its position in Cheniere Energy by 7.6% during the first quarter. Kayne Anderson Capital Advisors LP now owns 1,494,901 shares of the energy company's stock valued at $345,920,000 after purchasing an additional 105,875 shares during the period. Fractal Investments LLC lifted its position in Cheniere Energy by 27.7% during the first quarter. Fractal Investments LLC now owns 75,585 shares of the energy company's stock valued at $17,490,000 after purchasing an additional 16,385 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Cheniere Energy by 7.5% during the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,505 shares of the energy company's stock valued at $5,439,000 after purchasing an additional 1,630 shares during the period. Hedge funds and other institutional investors own 87.26% of the company's stock.

Cheniere Energy Stock Up 0.2%

LNG opened at $232.15 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 1.96. Cheniere Energy, Inc. has a 1-year low of $180.62 and a 1-year high of $257.65. The company has a market capitalization of $51.02 billion, a PE ratio of 13.55 and a beta of 0.37. The firm's 50 day simple moving average is $235.51 and its two-hundred day simple moving average is $232.89.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share 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 the consensus estimate of $4.48 billion. During the same period last year, the firm earned $3.84 earnings per share. The company's quarterly revenue was up 42.8% on a year-over-year basis. As a group, equities analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Barclays restated an "overweight" rating and set a $262.00 price objective (up previously from $253.00) on shares of Cheniere Energy in a research report on Tuesday, July 15th. TD Cowen increased their price objective on shares of Cheniere Energy from $265.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Scotiabank restated an "outperform" rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. Mizuho increased their price objective on shares of Cheniere Energy from $268.00 to $273.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. Finally, Wells Fargo & Company increased their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has issued 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.

Get Our Latest Stock Report on Cheniere Energy

Cheniere Energy Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding LNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cheniere Energy, Inc. (NYSE:LNG - Free Report).

Institutional Ownership by Quarter for Cheniere Energy (NYSE:LNG)

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