Cheniere Energy, Inc. $LNG Shares Purchased by Cornerstone Wealth Group LLC

Cornerstone Wealth Group LLC boosted its stake in Cheniere Energy, Inc. (NYSE:LNG) by 6.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,206 shares of the energy company’s stock after purchasing an additional 71 shares during the period. Cornerstone Wealth Group LLC’s holdings in Cheniere Energy were worth $294,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. increased its holdings in Cheniere Energy by 134.1% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock valued at $25,000 after purchasing an additional 59 shares during the last quarter. Hilltop National Bank purchased a new position in Cheniere Energy in the 2nd quarter valued at approximately $28,000. Richardson Financial Services Inc. purchased a new position in Cheniere Energy in the 2nd quarter valued at approximately $30,000. Cooksen Wealth LLC purchased a new position in Cheniere Energy in the 1st quarter valued at approximately $38,000. Finally, WPG Advisers LLC purchased a new position in Cheniere Energy in the 1st quarter valued at approximately $38,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Cheniere Energy Price Performance

Cheniere Energy stock opened at $226.66 on Wednesday. The stock has a market cap of $49.81 billion, a P/E ratio of 13.23 and a beta of 0.37. The company has a fifty day simple moving average of $234.77 and a 200-day simple moving average of $232.95. Cheniere Energy, Inc. has a 12-month low of $180.62 and a 12-month high of $257.65. 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 (NYSE:LNG) last announced its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 EPS for the quarter, topping the consensus estimate of $2.35 by $4.95. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The firm had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.48 billion. During the same period last year, the business earned $3.84 EPS. Cheniere Energy’s revenue for the quarter was up 42.8% compared to the same quarter last year. Equities analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on LNG. Barclays reissued an “overweight” rating and issued a $262.00 price target (up previously from $253.00) on shares of Cheniere Energy in a research report on Tuesday, July 15th. TD Cowen raised their price target on shares of Cheniere Energy from $265.00 to $270.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Zacks Research raised shares of Cheniere Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Wells Fargo & Company raised their price target on shares of Cheniere Energy from $267.00 to $284.00 and gave the company an “overweight” rating in a research report on Tuesday, August 12th. Finally, Jefferies Financial Group set a $288.00 price target on shares of Cheniere Energy and gave the company a “buy” rating in a research report on Thursday, June 26th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Cheniere Energy presently has a consensus rating of “Buy” and an average price target 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.