Cheniere Energy, Inc. $LNG Stake Increased by Farther Finance Advisors LLC

Farther Finance Advisors LLC grew its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 87.5% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,423 shares of the energy company’s stock after purchasing an additional 664 shares during the period. Farther Finance Advisors LLC’s holdings in Cheniere Energy were worth $346,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Pinnacle Bancorp Inc. lifted its holdings in shares of Cheniere Energy by 134.1% in the second quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock valued at $25,000 after purchasing an additional 59 shares in the last quarter. Cooksen Wealth LLC purchased a new stake in shares of Cheniere Energy in the first quarter valued at $38,000. WPG Advisers LLC purchased a new stake in shares of Cheniere Energy in the first quarter valued at $38,000. Tsfg LLC lifted its holdings in shares of Cheniere Energy by 676.0% in the first quarter. Tsfg LLC now owns 194 shares of the energy company’s stock valued at $45,000 after purchasing an additional 169 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of Cheniere Energy by 2,587.5% in the first quarter. Caitong International Asset Management Co. Ltd now owns 215 shares of the energy company’s stock valued at $50,000 after purchasing an additional 207 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on LNG. Barclays reiterated an “overweight” rating and set a $262.00 price objective (up from $253.00) on shares of Cheniere Energy in a report on Tuesday, July 15th. Cowen reissued a “buy” rating on shares of Cheniere Energy in a research report on Friday, August 8th. BMO Capital Markets began coverage on Cheniere Energy in a research report on Friday, September 19th. They set an “outperform” rating and a $268.00 price objective for the company. Bank of America lifted their price objective on Cheniere Energy from $258.00 to $271.00 and gave the company a “buy” rating in a research report on Wednesday, June 25th. Finally, Wells Fargo & Company lifted their price objective on Cheniere Energy from $267.00 to $284.00 and gave the company an “overweight” rating in a research report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average target price of $263.60.

Cheniere Energy Trading Down 1.1%

Cheniere Energy stock opened at $235.72 on Tuesday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98. The business’s 50-day simple moving average is $234.84 and its 200-day simple moving average is $232.72. The firm has a market capitalization of $51.80 billion, a PE ratio of 13.76 and a beta of 0.43. Cheniere Energy, Inc. has a 52 week low of $177.79 and a 52 week high of $257.65.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, August 7th. The energy company reported $7.30 EPS for the quarter, topping analysts’ consensus estimates of $2.35 by $4.95. The business had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.48 billion. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The firm’s revenue for the quarter was up 42.8% on a year-over-year basis. During the same period in the previous year, the company posted $3.84 earnings per share. Equities research analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy 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.