Trust Co. of Vermont Has $5.34 Million Stock Holdings in Cheniere Energy, Inc. $LNG

Trust Co. of Vermont raised its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 7.3% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,937 shares of the energy company’s stock after acquiring an additional 1,500 shares during the quarter. Trust Co. of Vermont’s holdings in Cheniere Energy were worth $5,342,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of LNG. Brighton Jones LLC acquired a new stake in shares of Cheniere Energy in the fourth quarter worth $335,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Cheniere Energy by 100.8% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 239 shares of the energy company’s stock worth $55,000 after buying an additional 120 shares during the last quarter. Fiduciary Alliance LLC acquired a new stake in shares of Cheniere Energy in the first quarter worth $219,000. NBC Securities Inc. lifted its stake in shares of Cheniere Energy by 107,100.0% in the first quarter. NBC Securities Inc. now owns 2,144 shares of the energy company’s stock worth $496,000 after buying an additional 2,142 shares during the last quarter. Finally, Harbor Investment Advisory LLC lifted its stake in shares of Cheniere Energy by 16.5% in the first quarter. Harbor Investment Advisory LLC now owns 1,443 shares of the energy company’s stock worth $334,000 after buying an additional 204 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LNG has been the subject of a number of analyst reports. Barclays restated an “overweight” rating and issued a $262.00 price objective (up from $253.00) on shares of Cheniere Energy in a research note on Tuesday, July 15th. Bank of America boosted their target price on shares of Cheniere Energy from $258.00 to $271.00 and gave the stock a “buy” rating in a research report on Wednesday, June 25th. Cowen reaffirmed a “buy” rating on shares of Cheniere Energy in a research report on Friday, August 8th. Scotiabank reaffirmed an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. Finally, Mizuho boosted their target price on shares of Cheniere Energy from $268.00 to $273.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. 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 stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $263.60.

Cheniere Energy Trading Down 0.2%

Shares of Cheniere Energy stock opened at $235.09 on Wednesday. The firm has a market capitalization of $51.67 billion, a PE ratio of 13.72 and a beta of 0.43. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85. The company’s fifty day moving average price is $235.08 and its two-hundred day moving average price 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) last announced its quarterly 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. The firm had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.48 billion. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The business’s revenue for the quarter was up 42.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.84 EPS. On average, 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.