Signal Advisors Wealth LLC Decreases Position in Cheniere Energy, Inc. $LNG

Signal Advisors Wealth LLC decreased its stake in Cheniere Energy, Inc. (NYSE:LNG) by 86.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 919 shares of the energy company’s stock after selling 5,660 shares during the period. Signal Advisors Wealth LLC’s holdings in Cheniere Energy were worth $224,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of LNG. Nuveen LLC purchased a new position in Cheniere Energy in the first quarter valued at about $294,793,000. Massachusetts Financial Services Co. MA boosted its holdings in Cheniere Energy by 12.9% in the first 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 purchasing an additional 534,033 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Cheniere Energy by 33.1% in the first 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 purchasing an additional 504,960 shares during the last quarter. Royal Bank of Canada boosted its holdings in Cheniere Energy by 25.7% in the first quarter. Royal Bank of Canada now owns 2,395,267 shares of the energy company’s stock valued at $554,265,000 after purchasing an additional 488,994 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its holdings in Cheniere Energy by 346.6% in the first quarter. Los Angeles Capital Management LLC now owns 568,627 shares of the energy company’s stock valued at $131,580,000 after purchasing an additional 441,296 shares during the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $231.42 on Friday. Cheniere Energy, Inc. has a 12-month low of $177.56 and a 12-month high of $257.65. The firm has a market capitalization of $50.86 billion, a price-to-earnings ratio of 13.51 and a beta of 0.43. The business has a 50 day simple moving average of $234.82 and a 200 day simple moving average of $231.76. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings data on Thursday, August 7th. The energy company reported $7.30 earnings per share (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 business had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.48 billion. During the same period in the prior year, the company posted $3.84 EPS. The business’s revenue for the quarter was up 42.8% compared to the same quarter last year. On average, equities research analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Analysts Set New Price Targets

LNG has been the subject of a number of analyst reports. BMO Capital Markets initiated coverage on Cheniere Energy in a report on Friday. They issued an “outperform” rating and a $268.00 price target for the company. Jefferies Financial Group set a $288.00 price target on Cheniere Energy and gave the company a “buy” rating in a report on Thursday, June 26th. Cowen reissued a “buy” rating on shares of Cheniere Energy in a report on Friday, August 8th. Mizuho increased their price target on Cheniere Energy from $268.00 to $273.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Finally, Barclays restated an “overweight” rating and set a $262.00 price objective (up previously from $253.00) on shares of Cheniere Energy in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Cheniere Energy has an average rating of “Buy” and a consensus price target of $263.60.

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.