AlphaQuest LLC Has $890,000 Position in Cheniere Energy, Inc. $LNG

AlphaQuest LLC grew its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 27.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,653 shares of the energy company’s stock after acquiring an additional 796 shares during the period. AlphaQuest LLC’s holdings in Cheniere Energy were worth $890,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. R Squared Ltd boosted its position in shares of Cheniere Energy by 15.5% during the 2nd quarter. R Squared Ltd now owns 1,490 shares of the energy company’s stock worth $363,000 after purchasing an additional 200 shares in the last quarter. Paragon Advisors LLC boosted its position in shares of Cheniere Energy by 45.3% during the 2nd quarter. Paragon Advisors LLC now owns 18,562 shares of the energy company’s stock worth $4,520,000 after purchasing an additional 5,791 shares in the last quarter. Strategic Blueprint LLC boosted its position in shares of Cheniere Energy by 2.6% during the 2nd quarter. Strategic Blueprint LLC now owns 29,301 shares of the energy company’s stock worth $7,135,000 after purchasing an additional 751 shares in the last quarter. Forum Financial Management LP boosted its position in shares of Cheniere Energy by 5.8% during the 2nd quarter. Forum Financial Management LP now owns 2,992 shares of the energy company’s stock worth $729,000 after purchasing an additional 165 shares in the last quarter. Finally, Ethic Inc. boosted its position in shares of Cheniere Energy by 5.0% during the 2nd quarter. Ethic Inc. now owns 20,594 shares of the energy company’s stock worth $4,943,000 after purchasing an additional 987 shares in the last quarter. Institutional investors own 87.26% of the company’s stock.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $219.55 on Monday. Cheniere Energy, Inc. has a fifty-two week low of $181.59 and a fifty-two week high of $257.65. The firm’s 50-day simple moving average is $233.11 and its 200 day simple moving average is $233.40. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98. The stock has a market cap of $48.25 billion, a price-to-earnings ratio of 12.82 and a beta of 0.37.

Cheniere Energy (NYSE:LNG) last posted its 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 analysts’ expectations of $4.48 billion. During the same quarter last year, the firm earned $3.84 EPS. The company’s quarterly revenue was up 42.8% compared to the same quarter last year. As a group, research analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on LNG shares. Scotiabank reissued an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. Weiss Ratings reissued a “buy (b)” rating on shares of Cheniere Energy in a research report on Friday. Mizuho raised their price target on shares of Cheniere Energy from $268.00 to $273.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Zacks Research raised shares of Cheniere Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and issued a $278.00 price target (up previously from $275.00) on shares of Cheniere Energy in a research report on Friday. Two 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.com, the company has an average rating of “Buy” and a consensus price target of $267.67.

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.