The Vanguard Group, Inc. recently announced the acquisition of new stake in Cheniere Energy Inc. (AMEX:LNG). The institutional investor has increased its shareholding in the Energy company by 0.72% to 23.01 million shares with purchase of 0.16 million shares. This fresh investment now brings its stake to 9.44% valued currently at $3.52 billion. In addition, Fidelity Management & Research Co raised its holdings by 0.17 million to 10.8 million shares. And JPMorgan Investment Management, I has lifted its position by 13.96% or 0.67 million shares – to 5.43 million shares.
With over 1.46 million Cheniere Energy Inc. (LNG) shares trading Tuesday and a closing price of $145.60 on the day, the dollar volume was approximately $212.34 million. The shares have shown a negative half year performance of -13.20% and its price on 05/23/23 gained nearly 1.16%. Currently, there are 243.90M common shares owned by the public and among those 240.11M shares have been available to trade.
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The analysts have set the share’s price value over the next 12 months at a high of $236.00 and a low of $173.00. The average price target is 27.16% above its recent price level and an upside to the estimated low will see the stock gain 15.84% over that period. But an upside of 38.31% will see the stock hit the forecast high price target while median target price for the stock is $194.50.
Insiders at the company have transacted a total of 75 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 17 of these insider trades were purchases, accounting for 181,467 shares. Insider sales of the common stock occurred on 58 occasions, with total insider shares sold totaling 314,957 shares.
The top 3 mutual fund holders in Cheniere Energy Inc. are Vanguard Total Stock Market ETF, Vanguard Mid Cap Index Fund, and Vanguard Extended Market Index Fu. Vanguard Total Stock Market ETF owns 7.55 million shares of the company’s stock, all valued at over $1.15 billion. The company sold -0.11 million shares recently to bring their total holdings to about 3.10% of the shares outstanding. Vanguard Mid Cap Index Fund sold -0.11 million shares to see its total holdings shrink to 5.69 million shares valued at over $870.92 million and representing 2.34% of the shares outstanding. Vanguard Extended Market Index Fu bought 39867.0 shares to bring its total holdings to over 3.45 million shares at a value of $527.1 million. Vanguard Extended Market Index Fu now owns shares totaling to 1.41% of the shares outstanding.
Shares of Cheniere Energy Inc. (AMEX: LNG) opened at $143.43, down -$0.5 from a prior closing price of $143.93. However, the script later moved the day high at 145.96, up 1.16%. The company’s stock has a 5-day price change of 1.91% and -1.53% over the past three months. LNG shares are trading -2.91% year to date (YTD), with the 12-month market performance up to 11.66% higher. It has a 12-month low price of $120.09 and touched a high of $182.35 over the same period. LNG has an average intraday trading volume of 1.70 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.23%, -2.76%, and -7.87% respectively.
Institutional ownership of Cheniere Energy Inc. (AMEX: LNG) shares accounts for 87.50% of the company’s 243.90M shares outstanding. Mutual fund holders own 39.46%, while other institutional holders and individual stakeholders account for 47.19% and 31.72% respectively.
It has a market capitalization of $35.56B and a beta (3y monthly) value of 1.01. The stock’s trailing 12-month PE ratio is 4.72, while the earnings-per-share (ttm) stands at $30.83. The company has a PEG of 0.19 and a Quick Ratio of 1.30 with the debt-to-equity ratio at 12.88. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.08% over the week and 2.31% over the month.
Analysts forecast that Cheniere Energy Inc. (LNG) will achieve an EPS of $2.85 for the current quarter, $2.73 for the next quarter and $12.15 for 2024. The lowest estimate earnings-per-share for the quarter is $1.21 while analysts give the company a high EPS estimate of $4.9. Comparatively, EPS for the current quarter was $2.9 a year ago. Earnings per share for the fiscal year are expected to increase by 160.90%, and -56.01% over the next financial year. EPS should shrink at an annualized rate of 24.80% over the next five years, compared to 160.30% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 22 brokerage firm advisors rate Cheniere Energy Inc. (LNG) as a “Strong Buy” at a consensus score of 1.60. Specifically, 18 Wall Street analysts polled rate the stock as a buy, while 1 of the 22 advise that investors “hold,” and 0 rated it as a “Sell.”
