Trust Co. of Toledo NA OH Invests $85,000 in Cheniere Energy, Inc. $LNG

Trust Co. of Toledo NA OH acquired a new stake in Cheniere Energy, Inc. (NYSE:LNG) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 349 shares of the energy company’s stock, valued at approximately $85,000.

Several other large investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its holdings 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 valued at $4,844,995,000 after buying an additional 54,801 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Cheniere Energy by 12.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,660,545 shares of the energy company’s stock valued at $1,078,450,000 after buying an additional 534,033 shares during the period. Invesco Ltd. lifted its holdings in Cheniere Energy by 7.9% in the first quarter. Invesco Ltd. now owns 3,492,443 shares of the energy company’s stock valued at $808,151,000 after buying an additional 255,140 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Cheniere Energy by 12.7% in 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 buying an additional 359,435 shares during the period. Finally, Amundi lifted its holdings in Cheniere Energy by 0.3% in the first quarter. Amundi now owns 2,703,299 shares of the energy company’s stock valued at $595,245,000 after buying an additional 7,297 shares during the period. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. BMO Capital Markets assumed coverage on shares of Cheniere Energy in a report on Friday, September 19th. They issued an “outperform” rating and a $268.00 price objective on the stock. Jefferies Financial Group set a $288.00 target price on shares of Cheniere Energy and gave the company a “buy” rating in a research note on Thursday, June 26th. Bank of America upped their target price on shares of Cheniere Energy from $258.00 to $271.00 and gave the company a “buy” rating in a research note on Wednesday, June 25th. Mizuho upped their target price on shares of Cheniere Energy from $268.00 to $273.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Finally, Barclays reaffirmed an “overweight” rating and issued a $262.00 target price (up previously from $253.00) on shares of Cheniere Energy in a research note on Tuesday, July 15th. Two research 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 company’s stock. According to MarketBeat, Cheniere Energy currently has a consensus rating of “Buy” and a consensus target price of $263.60.

Cheniere Energy Stock Down 1.7%

Shares of LNG stock opened at $227.56 on Monday. Cheniere Energy, Inc. has a 12-month low of $180.62 and a 12-month high of $257.65. The firm has a fifty day moving average of $235.33 and a 200-day moving average of $232.99. The company has a market capitalization of $50.01 billion, a price-to-earnings ratio of 13.28 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 (NYSE:LNG) last announced its earnings results on Thursday, August 7th. The energy company reported $7.30 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 during the quarter, compared to analysts’ expectations of $4.48 billion. During the same quarter in the prior year, the company posted $3.84 earnings per share. The firm’s revenue was up 42.8% on a year-over-year basis. As a group, equities research analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal 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.