Strs Ohio Invests $39.11 Million in Cheniere Energy, Inc. $LNG

Key Points

• Strs Ohio acquired 169,000 shares of Cheniere Energy, valued at approximately $39.1 million, representing about 0.08% ownership of the company.
• Cheniere Energy's stock has been rated highly by analysts, with a consensus target price of $263.29, including multiple "buy" ratings and a recent price target increase to $270.00 by TD Cowen.
• Cheniere reported a quarterly earnings of $7.30 EPS, surpassing estimates significantly and showing a year-over-year revenue increase of 42.8%.

Strs Ohio acquired a new stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 169,000 shares of the energy company's stock, valued at approximately $39,107,000. Strs Ohio owned approximately 0.08% of Cheniere Energy at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of LNG. American Century Companies Inc. raised its stake in shares of Cheniere Energy by 27.6% during the 1st quarter. American Century Companies Inc. now owns 1,304,253 shares of the energy company's stock worth $301,804,000 after buying an additional 282,050 shares during the period. Thompson Davis & CO. Inc. acquired a new stake in shares of Cheniere Energy during the 1st quarter worth about $529,000. Kayne Anderson Capital Advisors LP increased its position in shares of Cheniere Energy by 7.6% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 1,494,901 shares of the energy company's stock worth $345,920,000 after purchasing an additional 105,875 shares during the last quarter. Fractal Investments LLC increased its position in shares of Cheniere Energy by 27.7% during the 1st quarter. Fractal Investments LLC now owns 75,585 shares of the energy company's stock worth $17,490,000 after purchasing an additional 16,385 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Cheniere Energy by 7.5% in the 1st 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 acquiring an additional 1,630 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on LNG. TD Cowen lifted their price objective on Cheniere Energy from $265.00 to $270.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Wells Fargo & Company boosted their target price on Cheniere Energy from $267.00 to $284.00 and gave the company an "overweight" rating in a report on Tuesday, August 12th. Barclays reaffirmed an "overweight" rating and set a $262.00 price objective (up previously from $253.00) on shares of Cheniere Energy in a report on Tuesday, July 15th. Mizuho upped their price objective on Cheniere Energy from $268.00 to $273.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. 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 report on Wednesday, June 25th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Cheniere Energy currently has a consensus rating of "Buy" and an average target price of $263.29.

Cheniere Energy Stock Performance

LNG traded up $1.68 on Tuesday, hitting $234.50. 718,353 shares of the stock traded hands, compared to its average volume of 2,050,439. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 1.96. The business has a fifty day moving average price of $234.93 and a two-hundred day moving average price of $231.44. The firm has a market capitalization of $51.53 billion, a PE ratio of 13.65 and a beta of 0.43. Cheniere Energy, Inc. has a 52 week low of $177.56 and a 52 week high of $257.65.

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