Plancorp LLC Acquires New Shares in Cheniere Energy, Inc. $LNG

Plancorp LLC bought a new stake in Cheniere Energy, Inc. (NYSE:LNG) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 847 shares of the energy company’s stock, valued at approximately $206,000.

Several other institutional investors also recently modified their holdings of the stock. Pinnacle Bancorp Inc. increased its stake in Cheniere Energy by 134.1% in the second quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock valued at $25,000 after purchasing an additional 59 shares in the last quarter. Cooksen Wealth LLC acquired a new stake in Cheniere Energy in the 1st quarter valued at approximately $38,000. WPG Advisers LLC bought a new stake in shares of Cheniere Energy in the first quarter worth $38,000. Ameriflex Group Inc. bought a new position in Cheniere Energy in the fourth quarter valued at $42,000. Finally, Tsfg LLC raised its holdings in Cheniere Energy by 676.0% during the first quarter. Tsfg LLC now owns 194 shares of the energy company’s stock worth $45,000 after acquiring an additional 169 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Trading Up 0.3%

NYSE LNG opened at $237.38 on Friday. The firm has a market capitalization of $52.17 billion, a PE ratio of 13.86 and a beta of 0.43. The business’s 50-day moving average price is $234.78 and its two-hundred day moving average price is $232.15. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 1.96. Cheniere Energy, Inc. has a 12 month low of $177.56 and a 12 month high of $257.65.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on LNG shares. Cowen reiterated 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 company a “buy” rating in a report on Wednesday, June 25th. BMO Capital Markets started coverage on shares of Cheniere Energy in a research report on Friday, September 19th. They set an “outperform” rating and a $268.00 price objective for the company. Mizuho boosted their target price on shares of Cheniere Energy from $268.00 to $273.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Finally, Barclays reiterated an “overweight” rating and set a $262.00 price target (up previously from $253.00) on shares of Cheniere Energy in a research report on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average 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.