180 Wealth Advisors LLC Cuts Stock Position in Cheniere Energy, Inc. $LNG

180 Wealth Advisors LLC lowered its position in Cheniere Energy, Inc. (NYSE:LNG) by 3.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,585 shares of the energy company’s stock after selling 62 shares during the period. 180 Wealth Advisors LLC’s holdings in Cheniere Energy were worth $386,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. American Century Companies Inc. grew its position in shares of Cheniere Energy by 27.6% in the 1st quarter. American Century Companies Inc. now owns 1,304,253 shares of the energy company’s stock worth $301,804,000 after buying an additional 282,050 shares during the last quarter. Thompson Davis & CO. Inc. acquired a new stake in Cheniere Energy in the 1st quarter worth approximately $529,000. Kayne Anderson Capital Advisors LP boosted its stake in Cheniere Energy by 7.6% in the 1st quarter. Kayne Anderson Capital Advisors LP now owns 1,494,901 shares of the energy company’s stock worth $345,920,000 after purchasing an additional 105,875 shares in the last quarter. Fractal Investments LLC boosted its stake in Cheniere Energy by 27.7% in the 1st quarter. Fractal Investments LLC now owns 75,585 shares of the energy company’s stock worth $17,490,000 after purchasing an additional 16,385 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Cheniere Energy by 7.5% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,505 shares of the energy company’s stock worth $5,439,000 after purchasing an additional 1,630 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $219.55 on Friday. The firm has a market cap of $48.25 billion, a PE ratio of 12.82 and a beta of 0.37. The firm has a fifty day moving average of $233.11 and a 200 day moving average of $233.29. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98. Cheniere Energy, Inc. has a one year low of $181.59 and a one year high of $257.65.

Cheniere Energy (NYSE:LNG) last issued 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 company had revenue of $4.64 billion during the quarter, compared to analyst estimates of $4.48 billion. During the same quarter in the previous year, the firm earned $3.84 EPS. The firm’s revenue was up 42.8% compared to the same quarter last year. As a group, research analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

LNG has been the subject of a number of recent analyst reports. Scotiabank reiterated an “outperform” rating on shares of Cheniere Energy in a research note on Tuesday, July 15th. Wells Fargo & Company lifted their target price 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. Mizuho lifted their target price on shares of Cheniere Energy from $268.00 to $273.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. 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, BMO Capital Markets initiated coverage on shares of Cheniere Energy in a research note on Friday, September 19th. They set an “outperform” rating and a $268.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $267.67.

Cheniere Energy 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.