Cheniere Energy (NYSE:LNG – Get Free Report) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.
Several other equities research analysts also recently weighed in on LNG. JPMorgan Chase & Co. upped their target price on shares of Cheniere Energy from $325.00 to $327.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 3rd. Jefferies Financial Group boosted their price target on shares of Cheniere Energy from $275.00 to $330.00 and gave the stock a “buy” rating in a research note on Tuesday, April 7th. The Goldman Sachs Group upped their price objective on Cheniere Energy from $276.00 to $312.00 and gave the stock a “buy” rating in a research report on Tuesday, March 24th. Morgan Stanley reduced their price objective on Cheniere Energy from $313.00 to $308.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 21st. Finally, Benchmark reissued an “outperform” rating on shares of Cheniere Energy in a research note on Tuesday, May 26th. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $297.71.
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Cheniere Energy Stock Up 0.7%
Institutional Investors Weigh In On Cheniere Energy
Institutional investors have recently modified their holdings of the company. First Horizon Corp boosted its stake in Cheniere Energy by 7.7% in the first quarter. First Horizon Corp now owns 517 shares of the energy company’s stock valued at $147,000 after acquiring an additional 37 shares in the last quarter. Signal Advisors Wealth LLC boosted its holdings in shares of Cheniere Energy by 2.9% in the first quarter. Signal Advisors Wealth LLC now owns 1,497 shares of the energy company’s stock valued at $425,000 after acquiring an additional 42 shares during the period. Independence Bank of Kentucky increased its stake in Cheniere Energy by 6.8% in the first quarter. Independence Bank of Kentucky now owns 725 shares of the energy company’s stock valued at $206,000 after purchasing an additional 46 shares during the period. Optiver Holding B.V. raised its holdings in shares of Cheniere Energy by 54.5% in the first quarter. Optiver Holding B.V. now owns 136 shares of the energy company’s stock valued at $39,000 after buying an additional 48 shares during the last quarter. Finally, Quest Investment Management LLC raised its holdings in shares of Cheniere Energy by 6.1% in the third quarter. Quest Investment Management LLC now owns 875 shares of the energy company’s stock valued at $206,000 after buying an additional 50 shares during the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.
About Cheniere Energy
Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.
Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.
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