Mizuho Forecasts Strong Price Appreciation for Cheniere Energy (NYSE:LNG) Stock

Cheniere Energy (NYSE:LNG) had its price objective lifted by analysts at Mizuho from $248.00 to $254.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the energy company’s stock. Mizuho’s price objective points to a potential upside of 14.10% from the stock’s previous close.

A number of other research firms also recently weighed in on LNG. TD Cowen boosted their target price on Cheniere Energy from $242.00 to $250.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Argus started coverage on Cheniere Energy in a research report on Tuesday. They issued a “buy” rating and a $255.00 target price for the company. Morgan Stanley boosted their price objective on Cheniere Energy from $195.00 to $255.00 and gave the company an “overweight” rating in a research report on Friday, January 31st. Scotiabank reiterated an “outperform” rating on shares of Cheniere Energy in a research report on Thursday, March 6th. Finally, Wells Fargo & Company boosted their price objective on Cheniere Energy from $213.00 to $235.00 and gave the company an “overweight” rating in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $238.93.

Cheniere Energy Stock Performance

Shares of LNG opened at $222.62 on Tuesday. The company has a market cap of $49.79 billion, a PE ratio of 15.64 and a beta of 0.94. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. The stock has a 50-day moving average price of $224.83 and a 200-day moving average price of $207.90. Cheniere Energy has a 12-month low of $152.88 and a 12-month high of $257.65.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, February 20th. The energy company reported $4.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.74 by $1.59. The firm had revenue of $4.44 billion during the quarter, compared to the consensus estimate of $4.44 billion. Cheniere Energy had a return on equity of 37.19% and a net margin of 20.71%. As a group, equities analysts forecast that Cheniere Energy will post 11.69 earnings per share for the current fiscal year.

Insider Transactions at Cheniere Energy

In other news, Director G Andrea Botta sold 9,000 shares of the stock in a transaction on Thursday, February 27th. The stock was sold at an average price of $219.51, for a total value of $1,975,590.00. Following the sale, the director now directly owns 33,934 shares of the company’s stock, valued at approximately $7,448,852.34. This represents a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.29% of the company’s stock.

Institutional Investors Weigh In On Cheniere Energy

A number of institutional investors have recently modified their holdings of LNG. Victory Capital Management Inc. grew its stake in shares of Cheniere Energy by 2.5% in the third quarter. Victory Capital Management Inc. now owns 113,635 shares of the energy company’s stock worth $20,436,000 after acquiring an additional 2,768 shares during the last quarter. OneDigital Investment Advisors LLC lifted its holdings in shares of Cheniere Energy by 14.9% during the third quarter. OneDigital Investment Advisors LLC now owns 4,529 shares of the energy company’s stock valued at $815,000 after purchasing an additional 588 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Cheniere Energy by 3.1% during the third quarter. CIBC Asset Management Inc now owns 15,497 shares of the energy company’s stock valued at $2,787,000 after purchasing an additional 465 shares in the last quarter. Natixis Advisors LLC lifted its holdings in shares of Cheniere Energy by 134.7% during the third quarter. Natixis Advisors LLC now owns 67,907 shares of the energy company’s stock valued at $12,212,000 after purchasing an additional 38,976 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of Cheniere Energy by 89.5% during the third quarter. Thrivent Financial for Lutherans now owns 5,945 shares of the energy company’s stock valued at $1,069,000 after purchasing an additional 2,808 shares in the last quarter. 87.26% of the stock is owned by hedge funds and other institutional investors.

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.