U S Global Investors Inc. Grows Stock Holdings in Cheniere Energy, Inc. $LNG

U S Global Investors Inc. grew its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 20.0% during the 2nd quarter, Holdings Channel reports. The fund owned 6,000 shares of the energy company’s stock after purchasing an additional 1,000 shares during the period. U S Global Investors Inc.’s holdings in Cheniere Energy were worth $1,461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Pinnacle Bancorp Inc. lifted its stake in shares of 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 purchasing an additional 59 shares during the period. Hilltop National Bank acquired a new position in shares of Cheniere Energy in the 2nd quarter valued at $28,000. Cooksen Wealth LLC acquired a new position in shares of Cheniere Energy in the 1st quarter valued at $38,000. WPG Advisers LLC acquired a new position in shares of Cheniere Energy in the 1st quarter valued at $38,000. Finally, Tsfg LLC lifted its stake in shares of Cheniere Energy by 676.0% in the 1st quarter. Tsfg LLC now owns 194 shares of the energy company’s stock valued at $45,000 after purchasing an additional 169 shares during the period. 87.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LNG has been the subject of several analyst reports. Bank of America boosted their target price on shares of Cheniere Energy from $258.00 to $271.00 and gave the company a “buy” rating in a research note on Wednesday, June 25th. Barclays restated an “overweight” rating and set a $262.00 price objective (up from $253.00) on shares of Cheniere Energy in a research report on Tuesday, July 15th. Zacks Research upgraded shares of Cheniere Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Mizuho upped their price objective 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. Finally, Scotiabank restated an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $263.60.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $227.56 on Friday. The firm has a 50-day simple moving average of $235.33 and a 200-day simple moving average of $232.94. The stock has a market capitalization of $50.01 billion, a price-to-earnings ratio of 13.28 and a beta of 0.37. 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 52 week low of $180.62 and a 52 week high of $257.65.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, August 7th. The energy company reported $7.30 EPS for the quarter, beating analysts’ consensus estimates of $2.35 by $4.95. The business had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.48 billion. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The company’s quarterly revenue was up 42.8% compared to the same quarter last year. During the same period in the prior year, the business earned $3.84 earnings per share. On average, equities analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal 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.