Cheniere Energy, Inc. (NYSE:LNG) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. boosted its stake in Cheniere Energy, Inc. (NYSE:LNG) by 205.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,417 shares of the energy company’s stock after acquiring an additional 953 shares during the quarter. Blue Trust Inc.’s holdings in Cheniere Energy were worth $248,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of LNG. Octavia Wealth Advisors LLC boosted its holdings in shares of Cheniere Energy by 3.7% in the third quarter. Octavia Wealth Advisors LLC now owns 1,498 shares of the energy company’s stock valued at $269,000 after acquiring an additional 54 shares in the last quarter. Signature Wealth Management Group lifted its position in Cheniere Energy by 1.4% in the second quarter. Signature Wealth Management Group now owns 4,758 shares of the energy company’s stock worth $832,000 after purchasing an additional 66 shares during the period. Sapient Capital LLC boosted its stake in Cheniere Energy by 0.9% during the 3rd quarter. Sapient Capital LLC now owns 7,514 shares of the energy company’s stock valued at $1,351,000 after purchasing an additional 67 shares in the last quarter. Capital Advisors Ltd. LLC increased its position in shares of Cheniere Energy by 57.6% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 186 shares of the energy company’s stock valued at $33,000 after purchasing an additional 68 shares during the period. Finally, E&G Advisors LP raised its stake in shares of Cheniere Energy by 5.2% in the 1st quarter. E&G Advisors LP now owns 1,420 shares of the energy company’s stock worth $229,000 after buying an additional 70 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Stock Up 1.9 %

Shares of NYSE:LNG opened at $186.42 on Friday. The firm has a 50 day simple moving average of $183.05 and a 200 day simple moving average of $171.95. Cheniere Energy, Inc. has a 52 week low of $152.31 and a 52 week high of $193.16. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.93 and a current ratio of 1.02. The company has a market cap of $42.67 billion, a PE ratio of 9.08 and a beta of 0.94.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, August 8th. The energy company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.12. The company had revenue of $1.89 billion for the quarter, compared to the consensus estimate of $2.04 billion. Cheniere Energy had a net margin of 27.05% and a return on equity of 39.42%. As a group, research analysts expect that Cheniere Energy, Inc. will post 9.76 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Royal Bank of Canada raised their target price on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research note on Wednesday, October 16th. Bank of America began coverage on shares of Cheniere Energy in a research report on Thursday, October 17th. They set a “buy” rating and a $215.00 price objective for the company. Stifel Nicolaus cut their target price on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a research note on Friday, August 9th. Finally, Barclays raised their target price on shares of Cheniere Energy from $199.00 to $202.00 and gave the stock an “overweight” rating in a report on Tuesday, October 15th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $200.00.

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.