Private Trust Co. NA Acquires 120 Shares of Cheniere Energy, Inc. $LNG

Private Trust Co. NA raised its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 42.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 400 shares of the energy company’s stock after buying an additional 120 shares during the period. Private Trust Co. NA’s holdings in Cheniere Energy were worth $97,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Pinnacle Bancorp Inc. lifted its position in Cheniere Energy by 134.1% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock valued at $25,000 after acquiring an additional 59 shares in the last quarter. Hilltop National Bank purchased a new stake in shares of Cheniere Energy in the second quarter worth approximately $28,000. Richardson Financial Services Inc. bought a new position in shares of Cheniere Energy in the second quarter valued at approximately $30,000. Cooksen Wealth LLC purchased a new position in shares of Cheniere Energy during the first quarter valued at approximately $38,000. Finally, WPG Advisers LLC purchased a new position in shares of Cheniere Energy during the first quarter valued at approximately $38,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

LNG has been the topic of several recent analyst reports. TD Cowen raised 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. Scotiabank reiterated an “outperform” rating on shares of Cheniere Energy in a report on Tuesday, July 15th. Cowen reissued a “buy” rating on shares of Cheniere Energy in a research report on Friday, August 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cheniere Energy in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Cheniere Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $266.93.

Cheniere Energy Stock Up 1.1%

Cheniere Energy stock opened at $224.60 on Thursday. The firm has a 50 day moving average price of $233.55 and a 200-day moving average price of $232.85. The company has a quick ratio of 0.85, a current ratio of 0.98 and a debt-to-equity ratio of 1.96. Cheniere Energy, Inc. has a twelve month low of $180.77 and a twelve month high of $257.65. The company has a market capitalization of $49.36 billion, a P/E ratio of 13.11 and a beta of 0.37.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, August 7th. The energy company reported $7.30 EPS for the quarter, beating the consensus estimate of $2.35 by $4.95. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The business had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.48 billion. During the same quarter in the prior year, the business earned $3.84 earnings per share. Cheniere Energy’s revenue for the quarter was up 42.8% on a year-over-year basis. As a group, equities analysts predict 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.