Private Trust Co. NA Has $97,000 Stock Position in Cheniere Energy, Inc. $LNG

Private Trust Co. NA lifted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 42.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 400 shares of the energy company’s stock after buying an additional 120 shares during the period. Private Trust Co. NA’s holdings in Cheniere Energy were worth $97,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Pinnacle Bancorp Inc. grew its position in Cheniere Energy by 134.1% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock worth $25,000 after acquiring an additional 59 shares during the last quarter. Hilltop National Bank acquired a new position in shares of Cheniere Energy in the second quarter valued at approximately $28,000. Richardson Financial Services Inc. bought a new position in Cheniere Energy in the 2nd quarter valued at approximately $30,000. Cooksen Wealth LLC bought a new position in Cheniere Energy in the 1st quarter valued at approximately $38,000. Finally, WPG Advisers LLC acquired a new stake in Cheniere Energy during the 1st quarter worth approximately $38,000. 87.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on LNG shares. TD Cowen upped their price target on shares of Cheniere Energy from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Scotiabank reiterated an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. Cowen reissued a “buy” rating on shares of Cheniere Energy in a research note on Friday, August 8th. Bank of America lifted their price objective on Cheniere Energy from $258.00 to $271.00 and gave the stock a “buy” rating in a research note on Wednesday, June 25th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Cheniere Energy in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $266.93.

Cheniere Energy Stock Performance

NYSE:LNG opened at $224.60 on Thursday. The company has a fifty day moving average of $233.55 and a 200-day moving average of $232.85. The firm has a market capitalization of $49.36 billion, a P/E ratio of 13.11 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 twelve month low of $180.77 and a twelve month high of $257.65.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $4.95. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The business had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.48 billion. During the same period in the prior year, the firm earned $3.84 earnings per share. Cheniere Energy’s revenue was up 42.8% on a year-over-year basis. As a group, sell-side analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy 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.