LRI Investments LLC Raises Position in Cheniere Energy, Inc. $LNG

LRI Investments LLC grew its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 745.5% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 186 shares of the energy company’s stock after purchasing an additional 164 shares during the period. LRI Investments LLC’s holdings in Cheniere Energy were worth $45,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Pinnacle Bancorp Inc. grew its holdings in Cheniere Energy by 134.1% in the second quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock worth $25,000 after purchasing an additional 59 shares during the period. Hilltop National Bank bought a new position in Cheniere Energy in the second quarter worth approximately $28,000. Richardson Financial Services Inc. purchased a new stake in shares of Cheniere Energy in the second quarter worth $30,000. Cooksen Wealth LLC purchased a new stake in shares of Cheniere Energy in the first quarter worth $38,000. Finally, WPG Advisers LLC purchased a new stake in shares of Cheniere Energy in the first quarter worth $38,000. 87.26% of the stock is owned by institutional investors.

Cheniere Energy Trading Down 0.1%

Shares of LNG opened at $227.04 on Tuesday. The company has a current ratio of 0.98, a quick ratio of 0.85 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 50-day moving average price of $235.03 and a 200 day moving average price of $232.99. The firm has a market capitalization of $49.90 billion, a P/E ratio of 13.25 and a beta of 0.37.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $4.95. The business 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 quarterly revenue was up 42.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.84 earnings per share. Sell-side analysts forecast that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Analyst Upgrades and Downgrades

LNG has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price objective on shares of Cheniere Energy from $267.00 to $284.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 12th. Scotiabank restated an “outperform” rating on shares of Cheniere Energy in a report on Tuesday, July 15th. Barclays restated an “overweight” rating and issued a $262.00 target price (up previously from $253.00) on shares of Cheniere Energy in a report on Tuesday, July 15th. Jefferies Financial Group set a $288.00 target price on shares of Cheniere Energy and gave the stock a “buy” rating in a report on Thursday, June 26th. Finally, Zacks Research upgraded shares of Cheniere Energy from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently 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.