Cheniere Energy, Inc. $LNG Stock Position Lifted by Knights of Columbus Asset Advisors LLC

Knights of Columbus Asset Advisors LLC lifted its position in Cheniere Energy, Inc. (NYSE:LNG) by 9.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 24,324 shares of the energy company’s stock after acquiring an additional 2,098 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in Cheniere Energy were worth $5,923,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Cheniere Energy by 0.3% during the first quarter. Vanguard Group Inc. now owns 20,937,749 shares of the energy company’s stock worth $4,844,995,000 after purchasing an additional 54,801 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Cheniere Energy by 12.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,660,545 shares of the energy company’s stock valued at $1,078,450,000 after buying an additional 534,033 shares during the period. Invesco Ltd. grew its position in shares of Cheniere Energy by 7.9% during the 1st quarter. Invesco Ltd. now owns 3,492,443 shares of the energy company’s stock valued at $808,151,000 after buying an additional 255,140 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in 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 acquiring an additional 359,435 shares during the period. Finally, Amundi lifted its holdings in Cheniere Energy by 0.3% in the first quarter. Amundi now owns 2,703,299 shares of the energy company’s stock worth $595,245,000 after acquiring an additional 7,297 shares during the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Barclays reaffirmed an “overweight” rating and set a $262.00 target price (up from $253.00) on shares of Cheniere Energy in a report on Tuesday, July 15th. Jefferies Financial Group set a $288.00 price objective on Cheniere Energy and gave the stock a “buy” rating in a research note on Thursday, June 26th. Weiss Ratings reiterated a “buy (b)” rating on shares of Cheniere Energy in a research note on Saturday, September 27th. Scotiabank restated an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. Finally, TD Cowen increased their price objective 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. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $263.60.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $232.15 on Monday. Cheniere Energy, Inc. has a fifty-two week low of $180.62 and a fifty-two week high of $257.65. The firm’s 50-day simple moving average is $235.51 and its 200 day simple moving average is $232.91. The company has a quick ratio of 0.85, a current ratio of 0.98 and a debt-to-equity ratio of 1.96. The stock has a market cap of $51.02 billion, a P/E ratio of 13.55 and a beta of 0.37.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share (EPS) for the quarter, beating 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 analyst estimates of $4.48 billion. During the same quarter in the prior year, the firm posted $3.84 EPS. Cheniere Energy’s revenue was up 42.8% compared to the same quarter last year. Equities analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current 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.