Cheniere Energy, Inc. $LNG Stake Raised by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 1.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 36,864 shares of the energy company’s stock after acquiring an additional 533 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Cheniere Energy were worth $8,977,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in LNG. Pinnacle Bancorp Inc. grew its position in Cheniere Energy by 134.1% during the second quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock valued at $25,000 after purchasing an additional 59 shares in the last quarter. Cooksen Wealth LLC acquired a new stake in shares of Cheniere Energy during the 1st quarter valued at $38,000. WPG Advisers LLC purchased a new position in shares of Cheniere Energy during the 1st quarter valued at $38,000. Tsfg LLC increased its stake in shares of Cheniere Energy by 676.0% in the first quarter. Tsfg LLC now owns 194 shares of the energy company’s stock worth $45,000 after acquiring an additional 169 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd raised its holdings in shares of Cheniere Energy by 2,587.5% during the first quarter. Caitong International Asset Management Co. Ltd now owns 215 shares of the energy company’s stock worth $50,000 after acquiring an additional 207 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

LNG has been the topic of a number of recent research reports. Barclays restated an “overweight” rating and issued a $262.00 target price (up previously from $253.00) on shares of Cheniere Energy in a research note on Tuesday, July 15th. Mizuho boosted their price target on Cheniere Energy from $268.00 to $273.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Cowen restated a “buy” rating on shares of Cheniere Energy in a report on Friday, August 8th. TD Cowen lifted their target price on shares of Cheniere Energy from $265.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Finally, Wells Fargo & Company increased their price target on shares of Cheniere Energy from $267.00 to $284.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 12th. One 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. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $263.60.

Cheniere Energy Price Performance

Shares of Cheniere Energy stock opened at $238.42 on Monday. The firm has a market cap of $52.40 billion, a P/E ratio of 13.92 and a beta of 0.43. The firm’s 50-day simple moving average is $234.66 and its 200-day simple moving average is $232.60. Cheniere Energy, Inc. has a twelve month low of $177.56 and a twelve month high of $257.65. 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 (NYSE:LNG) last announced its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 EPS for the quarter, topping analysts’ consensus estimates of $2.35 by $4.95. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The firm had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.48 billion. During the same quarter last year, the company earned $3.84 earnings per share. The company’s revenue for the quarter was up 42.8% compared to the same quarter last year. As a group, research analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

About Cheniere Energy

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.