Cheniere Energy (NYSE:LNG) Given New $290.00 Price Target at TD Cowen

Cheniere Energy (NYSE:LNG) had its price objective upped by analysts at TD Cowen from $280.00 to $290.00 in a report issued on Tuesday. The brokerage presently has a “buy” rating on the energy company’s stock. TD Cowen’s target price would suggest a potential upside of 9.04% from the company’s current price.

Several other brokerages also recently weighed in on LNG. Scotiabank reiterated an “outperform” rating on shares of Cheniere Energy in a report on Wednesday, May 13th. Benchmark reaffirmed an “outperform” rating on shares of Cheniere Energy in a report on Tuesday, May 26th. UBS Group set a $290.00 price target on shares of Cheniere Energy in a report on Wednesday, May 13th. Morgan Stanley reaffirmed an “overweight” rating and set a $310.00 price target on shares of Cheniere Energy in a research report on Friday. Finally, Sanford C. Bernstein began coverage on Cheniere Energy in a research note on Tuesday, June 16th. They set a “market perform” rating and a $283.00 price objective for the company. Three research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $299.88.

Cheniere Energy Trading Up 3.8%

Shares of NYSE:LNG opened at $265.95 on Tuesday. Cheniere Energy has a 52-week low of $186.20 and a 52-week high of $300.89. The stock has a market cap of $54.93 billion, a price-to-earnings ratio of 19.80 and a beta of -0.01. The company has a quick ratio of 0.48, a current ratio of 0.57 and a debt-to-equity ratio of 2.55. The business has a 50-day moving average price of $249.27 and a 200-day moving average price of $247.02.

Institutional Investors Weigh In On Cheniere Energy

Several institutional investors have recently bought and sold shares of LNG. Trivium Point Advisory LLC lifted its position in shares of Cheniere Energy by 38.8% in the fourth quarter. Trivium Point Advisory LLC now owns 56,930 shares of the energy company’s stock worth $11,067,000 after buying an additional 15,927 shares during the last quarter. Sovereign Financial Group Inc. acquired a new position in shares of Cheniere Energy during the 1st quarter valued at about $1,472,000. Thrivent Financial for Lutherans increased its holdings in shares of Cheniere Energy by 17.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 76,812 shares of the energy company’s stock valued at $14,930,000 after acquiring an additional 11,270 shares during the last quarter. Prudential PLC raised its stake in shares of Cheniere Energy by 2,313.7% in the 4th quarter. Prudential PLC now owns 98,285 shares of the energy company’s stock valued at $19,106,000 after acquiring an additional 94,213 shares in the last quarter. Finally, Norges Bank acquired a new stake in Cheniere Energy in the 4th quarter worth approximately $731,774,000. 87.26% of the stock is currently owned by institutional investors and hedge funds.

Cheniere Energy Company Profile

Cheniere Energy, Inc is a U.S.-based energy company that develops, owns and operates liquefied natural gas (LNG) infrastructure and markets LNG to global customers. The company’s core activities include natural gas liquefaction, long‑term and short‑term LNG sales and marketing, and the associated midstream services required to move gas from production basins to international markets. Cheniere focuses on converting domestic natural gas into LNG for export, providing a bridge between North American supply and overseas demand.

Cheniere’s principal operating assets are large-scale LNG export terminals located on the U.S.