Miller Howard Investments Inc. NY grew its stake in Cheniere Energy, Inc. (NYSE:LNG – Free Report) by 4.1% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 172,915 shares of the energy company’s stock after buying an additional 6,865 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in Cheniere Energy were worth $46,519,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in LNG. Bank of New York Mellon Corp boosted its position in shares of Cheniere Energy by 174.3% during the 1st quarter. Bank of New York Mellon Corp now owns 2,244,268 shares of the energy company’s stock worth $636,834,000 after acquiring an additional 1,426,058 shares in the last quarter. Wellington Management Group LLP raised its holdings in Cheniere Energy by 210.1% during the second quarter. Wellington Management Group LLP now owns 2,444,403 shares of the energy company’s stock worth $584,237,000 after purchasing an additional 1,656,194 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Cheniere Energy by 12.6% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,135,088 shares of the energy company’s stock worth $510,307,000 after purchasing an additional 239,680 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Cheniere Energy by 50.2% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 867,496 shares of the energy company’s stock worth $246,161,000 after buying an additional 289,963 shares during the last quarter. Finally, Chickasaw Capital Management LLC lifted its position in shares of Cheniere Energy by 4.4% during the 3rd quarter. Chickasaw Capital Management LLC now owns 893,452 shares of the energy company’s stock worth $240,365,000 after buying an additional 37,325 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on the stock. TD Cowen restated a “buy” rating on shares of Cheniere Energy in a report on Friday, October 16th. Royal Bank Of Canada lifted their price target on shares of Cheniere Energy from $300.00 to $319.00 and gave the stock an “outperform” rating in a research note on Monday, August 24th. Jefferies Financial Group reissued a “buy” rating and issued a $336.00 price target on shares of Cheniere Energy in a research report on Saturday, October 10th. Barclays upped their price objective on shares of Cheniere Energy from $279.00 to $287.00 and gave the company an “overweight” rating in a research note on Wednesday, October 7th. Finally, UBS Group restated a “buy” rating on shares of Cheniere Energy in a research note on Tuesday, September 1st. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $310.65.
Get Our Latest Stock Report on Cheniere Energy
Cheniere Energy News Roundup
Here are the key news stories impacting Cheniere Energy this week:
- Positive Sentiment: JPMorgan raised its price target to $344 and maintained the target as LNG traded below that level, suggesting additional upside potential. JPMorgan raises target for Cheniere Energy stock to USD 344
- Positive Sentiment: Bernstein reaffirmed an Outperform rating on Cheniere, adding to the constructive analyst sentiment around the stock. Cheniere Energy Stock Rating Reaffirmed as Outperform by Sanford C. Bernstein
- Positive Sentiment: QatarEnergy agreed to buy up to 4 million tonnes of U.S. LNG annually, highlighting continued demand for American LNG and potentially supporting the long-term market backdrop for Cheniere’s export operations. QatarEnergy signs deals to buy up to 4 million tonnes of US LNG annually
- Neutral Sentiment: Cheniere will report third-quarter results before the market opens on October 29. Analysts expect robust LNG demand and long-term contracts to support revenue, but operating costs, LNG price spreads and management commentary on Sabine Pass and potential Train 7 expansion will determine the market reaction. Cheniere Energy to Report Q3 Earnings: What’s in the Offing?
- Negative Sentiment: Qatar’s long-term purchase agreements may also intensify competition and raise questions about shifting global LNG leverage. With LNG shares already up substantially this year and near a high, any earnings miss or cautious outlook could trigger profit-taking. Qatar Deals vs. Global Shocks: What To Watch in Cheniere’s Q3 Report
Cheniere Energy Trading Up 0.7%
LNG opened at $300.74 on Tuesday. The firm has a market cap of $62.11 billion, a price-to-earnings ratio of 22.39, a price-to-earnings-growth ratio of 1.19 and a beta of 0.06. Cheniere Energy, Inc. has a 52 week low of $186.20 and a 52 week high of $302.45. The business’s 50 day moving average is $278.46 and its two-hundred day moving average is $252.82. The company has a quick ratio of 0.72, a current ratio of 0.87 and a debt-to-equity ratio of 1.97.
Cheniere Energy (NYSE:LNG – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The energy company reported $3.02 earnings per share for the quarter, missing analysts’ consensus estimates of $3.11 by ($0.09). The firm had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $4.92 billion. Cheniere Energy had a net margin of 13.57% and a return on equity of 29.80%. Cheniere Energy’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $7.30 EPS. On average, research analysts predict that Cheniere Energy, Inc. will post 16.75 EPS for the current year.
Cheniere Energy Profile
Cheniere Energy, Inc is an energy infrastructure company engaged primarily in the production and export of liquefied natural gas (LNG). The company purchases natural gas, processes it through liquefaction facilities, and delivers LNG to customers in international energy markets. Its operations also include natural gas procurement, transportation, storage, and LNG marketing.
Cheniere operates the Sabine Pass LNG facility in Cameron Parish, Louisiana, and the Corpus Christi LNG facility near Corpus Christi, Texas.
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