Aberdeen Group plc Increases Stock Holdings in Cheniere Energy, Inc. $LNG

Aberdeen Group plc raised its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 11.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 334,915 shares of the energy company’s stock after purchasing an additional 33,265 shares during the quarter. Aberdeen Group plc’s holdings in Cheniere Energy were worth $81,558,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its position in Cheniere Energy by 0.3% in the first quarter. Vanguard Group Inc. now owns 20,937,749 shares of the energy company’s stock worth $4,844,995,000 after acquiring an additional 54,801 shares during the period. Massachusetts Financial Services Co. MA increased its stake 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 worth $1,078,450,000 after purchasing an additional 534,033 shares in the last quarter. Invesco Ltd. raised its holdings in Cheniere Energy by 7.9% in the 1st quarter. Invesco Ltd. now owns 3,492,443 shares of the energy company’s stock worth $808,151,000 after purchasing an additional 255,140 shares during the period. Goldman Sachs Group Inc. lifted its position 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 valued at $737,149,000 after purchasing an additional 359,435 shares in the last quarter. Finally, Amundi lifted its position in Cheniere Energy by 0.3% during the first quarter. Amundi now owns 2,703,299 shares of the energy company’s stock valued at $595,245,000 after purchasing an additional 7,297 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Down 1.7%

Cheniere Energy stock opened at $227.56 on Friday. Cheniere Energy, Inc. has a 1 year low of $180.62 and a 1 year high of $257.65. The firm’s 50 day moving average price is $235.33 and its 200-day moving average price is $232.94. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85. The stock has a market cap of $50.01 billion, a P/E ratio of 13.28 and a beta of 0.37.

Cheniere Energy (NYSE:LNG) last posted its earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share for the quarter, beating the consensus estimate of $2.35 by $4.95. The company 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%. Cheniere Energy’s quarterly revenue was up 42.8% on a year-over-year basis. During the same period last year, the company posted $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.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LNG. Barclays restated an “overweight” rating and issued a $262.00 price target (up previously from $253.00) on shares of Cheniere Energy in a research report on Tuesday, July 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cheniere Energy in a report on Wednesday. Zacks Research upgraded shares of Cheniere Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Cowen reissued a “buy” rating on shares of Cheniere Energy in a research note on Friday, August 8th. Finally, TD Cowen lifted their target price on shares of Cheniere Energy from $265.00 to $270.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $263.60.

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.