Cheniere Energy, Inc. $LNG Stock Bought by Miller Howard Investments Inc. NY

Miller Howard Investments Inc. NY boosted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 4.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 owned 0.08% of Cheniere Energy worth $46,519,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. First Horizon Corp lifted its holdings in shares of Cheniere Energy by 7.7% in the 1st quarter. First Horizon Corp now owns 517 shares of the energy company’s stock worth $147,000 after acquiring an additional 37 shares during the last quarter. Financial Management Professionals Inc. raised its position in Cheniere Energy by 13.3% in the third quarter. Financial Management Professionals Inc. now owns 340 shares of the energy company’s stock valued at $92,000 after purchasing an additional 40 shares during the period. Eagle Strategies LLC raised its position in Cheniere Energy by 4.0% in the third quarter. Eagle Strategies LLC now owns 1,083 shares of the energy company’s stock valued at $291,000 after purchasing an additional 42 shares during the period. Titleist Asset Management LLC raised its position in Cheniere Energy by 1.6% in the third quarter. Titleist Asset Management LLC now owns 2,867 shares of the energy company’s stock valued at $771,000 after purchasing an additional 45 shares during the period. Finally, Independence Bank of Kentucky lifted its stake in Cheniere Energy by 6.8% during the first quarter. Independence Bank of Kentucky now owns 725 shares of the energy company’s stock worth $206,000 after purchasing an additional 46 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Cheniere Energy

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%

Shares of LNG stock opened at $300.74 on Tuesday. Cheniere Energy, Inc. has a fifty-two week low of $186.20 and a fifty-two week high of $302.45. The company has a 50 day moving average price of $278.46 and a 200 day moving average price of $252.82. The stock has a market capitalization of $62.11 billion, a P/E ratio of 22.39, a price-to-earnings-growth ratio of 1.19 and a beta of 0.06. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.72 and a current ratio of 0.87.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, August 6th. The energy company reported $3.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.11 by ($0.09). The business had revenue of $5.73 billion for the quarter, compared to analyst estimates of $4.92 billion. Cheniere Energy had a return on equity of 29.80% and a net margin of 13.57%. Cheniere Energy’s quarterly revenue was up 23.5% compared to the same quarter last year. During the same quarter last year, the company earned $7.30 earnings per share. Equities research analysts predict that Cheniere Energy, Inc. will post 16.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on LNG. Royal Bank Of Canada raised their price target on Cheniere Energy from $300.00 to $319.00 and gave the stock an “outperform” rating in a research report on Monday, August 24th. Scotiabank set a $311.00 price objective on Cheniere Energy in a research note on Thursday, October 15th. Zacks Research downgraded Cheniere Energy from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 11th. Barclays boosted their price objective on Cheniere Energy from $279.00 to $287.00 and gave the company an “overweight” rating in a report on Wednesday, October 7th. Finally, Morgan Stanley reissued an “overweight” rating and set a $310.00 target price on shares of Cheniere Energy in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $310.65.

Cheniere Energy Company 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.