Allspring Global Investments Holdings LLC Buys 3,940 Shares of Cheniere Energy, Inc. $LNG

Allspring Global Investments Holdings LLC raised its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 1.1% during the 2nd quarter, Holdings Channel reports. The fund owned 360,364 shares of the energy company’s stock after purchasing an additional 3,940 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Cheniere Energy were worth $85,060,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of LNG. Kingstone Capital Partners Texas LLC bought a new stake in Cheniere Energy during the 2nd quarter valued at $384,806,000. Nuveen LLC bought a new stake in Cheniere Energy during the 1st quarter valued at $294,793,000. Massachusetts Financial Services Co. MA boosted its position in Cheniere Energy by 12.9% during the 1st 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 acquiring an additional 534,033 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Cheniere Energy by 33.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,031,767 shares of the energy company’s stock valued at $470,151,000 after acquiring an additional 504,960 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in shares of Cheniere Energy by 25.7% in the 1st quarter. Royal Bank of Canada now owns 2,395,267 shares of the energy company’s stock worth $554,265,000 after purchasing an additional 488,994 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Mizuho raised their price objective on Cheniere Energy from $268.00 to $273.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Weiss Ratings reissued a “buy (b)” rating on shares of Cheniere Energy in a research report on Wednesday, October 8th. Zacks Research raised Cheniere Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Cowen reissued a “buy” rating on shares of Cheniere Energy in a research report on Friday, August 8th. Finally, Barclays reissued an “overweight” rating and issued a $262.00 price objective (up previously from $253.00) on shares of Cheniere Energy in a research report on Tuesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $263.60.

Cheniere Energy Stock Performance

Shares of LNG opened at $227.04 on Tuesday. The stock has a 50-day moving average of $235.03 and a two-hundred day moving average of $232.99. Cheniere Energy, Inc. has a one year low of $180.62 and a one year high of $257.65. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98. The stock has a market cap of $49.90 billion, a P/E ratio of 13.25 and a beta of 0.37.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results 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 return on equity of 37.83% and a net margin of 21.05%.The company had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.48 billion. During the same quarter in the previous year, the firm posted $3.84 EPS. The firm’s revenue was up 42.8% compared to the same quarter last year. As a group, research analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current 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.