Cheniere Energy, Inc. $LNG Shares Bought by HB Wealth Management LLC

HB Wealth Management LLC increased its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 18.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,056 shares of the energy company’s stock after acquiring an additional 472 shares during the period. HB Wealth Management LLC’s holdings in Cheniere Energy were worth $744,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Pinnacle Bancorp Inc. increased its stake in Cheniere Energy by 134.1% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock worth $25,000 after purchasing an additional 59 shares in the last quarter. Cooksen Wealth LLC acquired a new stake in shares of Cheniere Energy during the 1st quarter valued at about $38,000. WPG Advisers LLC acquired a new stake in Cheniere Energy in the 1st quarter worth approximately $38,000. Tsfg LLC lifted its holdings in Cheniere Energy by 676.0% in the 1st quarter. Tsfg LLC now owns 194 shares of the energy company’s stock worth $45,000 after purchasing an additional 169 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in Cheniere Energy by 2,587.5% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 215 shares of the energy company’s stock worth $50,000 after purchasing an additional 207 shares during the last quarter. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Trading Up 0.2%

Shares of LNG opened at $232.15 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.98 and a debt-to-equity ratio of 1.96. Cheniere Energy, Inc. has a 12-month low of $180.62 and a 12-month high of $257.65. The firm has a market capitalization of $51.02 billion, a PE ratio of 13.55 and a beta of 0.37. The stock’s fifty day simple moving average is $235.51 and its 200-day simple moving average is $232.89.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings data on Thursday, August 7th. The energy company reported $7.30 EPS for the quarter, beating analysts’ consensus estimates of $2.35 by $4.95. The business had revenue of $4.64 billion during the quarter, compared to the consensus estimate 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 was up 42.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.84 earnings per share. As a group, research analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have commented on LNG shares. Mizuho lifted their price target on Cheniere Energy from $268.00 to $273.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. TD Cowen lifted their price target on Cheniere Energy from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. BMO Capital Markets started coverage on Cheniere Energy in a research report on Friday, September 19th. They issued an “outperform” rating and a $268.00 price target on the stock. Cowen reaffirmed a “buy” rating on shares of Cheniere Energy in a research report on Friday, August 8th. Finally, Barclays restated an “overweight” rating and set a $262.00 price objective (up from $253.00) on shares of Cheniere Energy in a research report on Tuesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, Cheniere Energy has an average rating of “Buy” and a consensus target price 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.