Stock Yards Bank & Trust Co. Purchases 1,758 Shares of Cheniere Energy, Inc. $LNG

Stock Yards Bank & Trust Co. increased its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 101.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,485 shares of the energy company’s stock after purchasing an additional 1,758 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Cheniere Energy were worth $849,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. American Century Companies Inc. raised its position in shares of Cheniere Energy by 27.6% during the 1st quarter. American Century Companies Inc. now owns 1,304,253 shares of the energy company’s stock valued at $301,804,000 after purchasing an additional 282,050 shares during the period. Thompson Davis & CO. Inc. bought a new stake in shares of Cheniere Energy during the 1st quarter valued at $529,000. Kayne Anderson Capital Advisors LP raised its position in shares of Cheniere Energy by 7.6% during the 1st quarter. Kayne Anderson Capital Advisors LP now owns 1,494,901 shares of the energy company’s stock valued at $345,920,000 after purchasing an additional 105,875 shares during the period. Fractal Investments LLC raised its position in shares of Cheniere Energy by 27.7% during the 1st quarter. Fractal Investments LLC now owns 75,585 shares of the energy company’s stock valued at $17,490,000 after purchasing an additional 16,385 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Cheniere Energy by 7.5% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,505 shares of the energy company’s stock valued at $5,439,000 after acquiring an additional 1,630 shares during the last quarter. 87.26% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on LNG shares. Mizuho lifted their price target on shares of Cheniere Energy from $268.00 to $273.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Cowen reiterated a “buy” rating on shares of Cheniere Energy in a report on Friday, August 8th. BMO Capital Markets started coverage on shares of Cheniere Energy in a report on Friday, September 19th. They issued an “outperform” rating and a $268.00 price target on the stock. Barclays reiterated an “overweight” rating and issued a $262.00 price target (up from $253.00) on shares of Cheniere Energy in a report on Tuesday, July 15th. Finally, Bank of America lifted their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Cheniere Energy currently has an average rating of “Buy” and a consensus price target of $263.60.

Cheniere Energy Stock Performance

Shares of NYSE:LNG opened at $232.15 on Friday. Cheniere Energy, Inc. has a 52 week low of $180.62 and a 52 week high of $257.65. The stock has a market capitalization of $51.02 billion, a P/E ratio of 13.55 and a beta of 0.37. The firm has a fifty day simple moving average of $235.51 and a two-hundred day simple moving average of $232.89. 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 issued its quarterly earnings data on Thursday, August 7th. The energy company reported $7.30 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 business had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.48 billion. During the same period last year, the company posted $3.84 EPS. The business’s revenue was up 42.8% on a year-over-year basis. On average, analysts expect 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.