Freedom Day Solutions LLC reduced its stake in Cheniere Energy, Inc. (NYSE:LNG – Free Report) by 3.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,391 shares of the energy company’s stock after selling 416 shares during the period. Freedom Day Solutions LLC’s holdings in Cheniere Energy were worth $2,774,000 at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in LNG. Altman Advisors Inc. grew its position in shares of Cheniere Energy by 0.4% in the first quarter. Altman Advisors Inc. now owns 10,162 shares of the energy company’s stock valued at $2,348,000 after purchasing an additional 43 shares during the period. Greenleaf Trust grew its position in shares of Cheniere Energy by 1.1% in the first quarter. Greenleaf Trust now owns 4,212 shares of the energy company’s stock valued at $975,000 after purchasing an additional 46 shares during the period. Hemington Wealth Management grew its position in shares of Cheniere Energy by 14.0% in the first quarter. Hemington Wealth Management now owns 390 shares of the energy company’s stock valued at $90,000 after purchasing an additional 48 shares during the period. Brooklyn Investment Group grew its position in shares of Cheniere Energy by 5.0% in the first quarter. Brooklyn Investment Group now owns 1,007 shares of the energy company’s stock valued at $233,000 after purchasing an additional 48 shares during the period. Finally, Venturi Wealth Management LLC grew its position in shares of Cheniere Energy by 4.0% in the first quarter. Venturi Wealth Management LLC now owns 1,356 shares of the energy company’s stock valued at $314,000 after purchasing an additional 52 shares during the period. 87.26% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on LNG. Bank of America boosted their price target on shares of Cheniere Energy from $258.00 to $271.00 and gave the stock a “buy” rating in a research report on Wednesday, June 25th. Barclays restated an “overweight” rating and set a $262.00 price target (up from $253.00) on shares of Cheniere Energy in a research report on Tuesday, July 15th. Jefferies Financial Group set a $288.00 price target on shares of Cheniere Energy and gave the stock a “buy” rating in a research report on Thursday, June 26th. Cowen restated a “buy” rating on shares of Cheniere Energy in a research report on Friday, August 8th. Finally, Zacks Research upgraded shares of Cheniere Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has given 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 Price Performance
Shares of LNG stock opened at $231.34 on Friday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85. The firm’s 50-day moving average is $235.55 and its two-hundred day moving average is $232.97. Cheniere Energy, Inc. has a 12 month low of $180.62 and a 12 month high of $257.65. The company has a market capitalization of $50.84 billion, a PE ratio of 13.50 and a beta of 0.37.
Cheniere Energy (NYSE:LNG – Get Free Report) last issued its earnings results on Thursday, August 7th. The energy company reported $7.30 EPS for the quarter, topping analysts’ consensus estimates of $2.35 by $4.95. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The company had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.48 billion. During the same period in the previous year, the firm earned $3.84 earnings per share. Cheniere Energy’s quarterly revenue was up 42.8% compared to the same quarter last year. Analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.
Cheniere Energy Company 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.
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