Inspire Investing LLC Acquires 315 Shares of Cheniere Energy, Inc. $LNG

Inspire Investing LLC grew its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 9.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,663 shares of the energy company’s stock after acquiring an additional 315 shares during the period. Inspire Investing LLC’s holdings in Cheniere Energy were worth $892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of LNG. Brighton Jones LLC bought a new stake in shares of Cheniere Energy during the 4th quarter valued at $335,000. Farther Finance Advisors LLC lifted its stake in shares of Cheniere Energy by 28.9% during the 1st quarter. Farther Finance Advisors LLC now owns 759 shares of the energy company’s stock valued at $175,000 after buying an additional 170 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in shares of Cheniere Energy during the 1st quarter valued at $1,053,000. Yousif Capital Management LLC lifted its stake in shares of Cheniere Energy by 5.2% during the 1st quarter. Yousif Capital Management LLC now owns 4,170 shares of the energy company’s stock valued at $965,000 after buying an additional 208 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of Cheniere Energy by 9.5% during the 1st quarter. GAMMA Investing LLC now owns 1,479 shares of the energy company’s stock valued at $342,000 after buying an additional 128 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Stock Down 1.7%

LNG opened at $227.56 on Friday. The firm has a 50-day simple moving average of $235.33 and a two-hundred day simple moving average of $232.94. The company has a quick ratio of 0.85, a current ratio of 0.98 and a debt-to-equity ratio of 1.96. The company has a market capitalization of $50.01 billion, a PE ratio of 13.28 and a beta of 0.37. Cheniere Energy, Inc. has a 52 week low of $180.62 and a 52 week high of $257.65.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $4.95. The firm had revenue of $4.64 billion for the quarter, compared to analysts’ expectations of $4.48 billion. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The business’s revenue was up 42.8% compared to the same quarter last year. During the same period in the prior year, the company earned $3.84 EPS. Analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Barclays restated an “overweight” rating and set a $262.00 target price (up previously from $253.00) on shares of Cheniere Energy in a research note on Tuesday, July 15th. Cowen restated a “buy” rating on shares of Cheniere Energy in a research note on Friday, August 8th. Weiss Ratings restated a “buy (b)” rating on shares of Cheniere Energy in a research note on Wednesday. Zacks Research upgraded shares of Cheniere Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Finally, Scotiabank restated an “outperform” rating on shares of Cheniere Energy in a research note on Tuesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $263.60.

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.