DekaBank Deutsche Girozentrale Grows Stock Holdings in Cheniere Energy, Inc. $LNG

DekaBank Deutsche Girozentrale boosted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 12.2% during the second quarter, Holdings Channel reports. The firm owned 132,933 shares of the energy company’s stock after purchasing an additional 14,437 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Cheniere Energy were worth $31,927,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. raised its stake in Cheniere Energy by 134.1% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock valued at $25,000 after buying an additional 59 shares during the last quarter. Hilltop National Bank bought a new stake in shares of Cheniere Energy in the second quarter worth $28,000. Richardson Financial Services Inc. bought a new stake in shares of Cheniere Energy in the second quarter worth $30,000. Cooksen Wealth LLC purchased a new stake in Cheniere Energy during the first quarter valued at $38,000. Finally, WPG Advisers LLC purchased a new stake in Cheniere Energy during the first quarter valued at $38,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Up 0.4%

Shares of NYSE LNG opened at $222.18 on Wednesday. Cheniere Energy, Inc. has a 1-year low of $180.77 and a 1-year high of $257.65. 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 business’s 50 day moving average is $233.68 and its two-hundred day moving average is $232.91. The stock has a market capitalization of $48.83 billion, a P/E ratio of 12.97 and a beta of 0.37.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data 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 business had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.48 billion. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The company’s revenue for the quarter was up 42.8% on a year-over-year basis. During the same period last year, the company earned $3.84 EPS. As a group, research analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on LNG shares. Wells Fargo & Company raised their target price on Cheniere Energy from $267.00 to $284.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 12th. BMO Capital Markets began coverage on shares of Cheniere Energy in a research note on Friday, September 19th. They issued an “outperform” rating and a $268.00 price objective on the stock. Cowen restated a “buy” rating on shares of Cheniere Energy in a research report on Friday, August 8th. Zacks Research upgraded Cheniere Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Finally, Bank of America boosted their price target 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. Two research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $266.93.

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.