Johnson Investment Counsel Inc. Boosts Stock Holdings in Cheniere Energy, Inc. $LNG

Johnson Investment Counsel Inc. raised its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 11.9% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,018 shares of the energy company’s stock after purchasing an additional 108 shares during the period. Johnson Investment Counsel Inc.’s holdings in Cheniere Energy were worth $248,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. waypoint wealth counsel bought a new stake in shares of Cheniere Energy in the 2nd quarter valued at about $289,000. Apollon Wealth Management LLC bought a new stake in shares of Cheniere Energy in the 2nd quarter valued at about $344,000. Richardson Financial Services Inc. bought a new stake in shares of Cheniere Energy in the 2nd quarter valued at about $30,000. U S Global Investors Inc. boosted its holdings in shares of Cheniere Energy by 20.0% in the 2nd quarter. U S Global Investors Inc. now owns 6,000 shares of the energy company’s stock valued at $1,461,000 after buying an additional 1,000 shares in the last quarter. Finally, Cross Staff Investments Inc boosted its holdings in shares of Cheniere Energy by 23.4% in the 2nd quarter. Cross Staff Investments Inc now owns 11,329 shares of the energy company’s stock valued at $2,759,000 after buying an additional 2,152 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on LNG shares. BMO Capital Markets started coverage on shares of Cheniere Energy in a research note on Friday, September 19th. They issued an “outperform” rating and a $268.00 target price for the company. Cowen reiterated a “buy” rating on shares of Cheniere Energy in a research note on Friday, August 8th. Bank of America lifted their target price on shares of Cheniere Energy from $258.00 to $271.00 and gave the stock 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 note on Tuesday, July 15th. Finally, TD Cowen lifted their price objective 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 research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $266.93.

Cheniere Energy Price Performance

NYSE:LNG opened at $225.77 on Thursday. 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 company has a 50 day moving average price of $234.57 and a 200-day moving average price of $232.90. Cheniere Energy, Inc. has a 1-year low of $180.62 and a 1-year high of $257.65. The firm has a market cap of $49.62 billion, a price-to-earnings ratio of 13.18 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 (EPS) for the quarter, beating the consensus estimate of $2.35 by $4.95. The firm 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 business’s revenue was up 42.8% compared to the same quarter last year. During the same period in the previous year, the business posted $3.84 EPS. Equities research analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Company Profile

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.