US Bancorp DE Grows Stock Holdings in Cheniere Energy, Inc. $LNG

US Bancorp DE increased its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 482.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 94,310 shares of the energy company’s stock after purchasing an additional 78,127 shares during the period. US Bancorp DE’s holdings in Cheniere Energy were worth $22,966,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Cheniere Energy by 0.3% during 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 purchasing an additional 54,801 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Cheniere Energy by 12.9% during 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 last quarter. Invesco Ltd. increased its holdings in Cheniere Energy by 7.9% during 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 last quarter. Goldman Sachs Group Inc. increased its holdings in Cheniere Energy by 12.7% during 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 last quarter. Finally, Amundi increased its holdings in Cheniere Energy by 0.3% during 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 last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

LNG has been the subject of a number of research reports. Scotiabank reaffirmed an “outperform” rating on shares of Cheniere Energy in a report on Tuesday, July 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cheniere Energy in a report on Wednesday. Cowen reaffirmed a “buy” rating on shares of Cheniere Energy in a report on Friday, August 8th. 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 report on Wednesday, June 25th. Finally, Wells Fargo & Company upped their target price on shares of Cheniere Energy from $267.00 to $284.00 and gave the company an “overweight” rating in a report on Tuesday, August 12th. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $263.60.

Cheniere Energy Stock Performance

LNG opened at $227.56 on Friday. The firm has a market cap of $50.01 billion, a P/E ratio of 13.28 and a beta of 0.37. Cheniere Energy, Inc. has a 1-year low of $180.62 and a 1-year high of $257.65. The company has a 50 day simple moving average of $235.33 and a two-hundred day simple moving average of $232.94. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85.

Cheniere Energy (NYSE:LNG) last issued its earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share 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 during the quarter, compared to analyst estimates of $4.48 billion. During the same quarter in the prior year, the business earned $3.84 earnings per share. Cheniere Energy’s revenue for the quarter was up 42.8% on a year-over-year basis. Equities analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

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.