Bogart Wealth LLC Acquires 100 Shares of Cheniere Energy, Inc. $LNG

Bogart Wealth LLC lifted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 40.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 348 shares of the energy company’s stock after buying an additional 100 shares during the quarter. Bogart Wealth LLC’s holdings in Cheniere Energy were worth $85,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Pinnacle Bancorp Inc. grew its stake in shares of Cheniere Energy by 134.1% in the 2nd quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock worth $25,000 after buying an additional 59 shares during the last quarter. Hilltop National Bank bought a new stake in shares of Cheniere Energy in the second quarter worth approximately $28,000. Richardson Financial Services Inc. bought a new stake in shares of Cheniere Energy in the second quarter worth $30,000. Cooksen Wealth LLC purchased a new position in Cheniere Energy in the first quarter worth about $38,000. Finally, WPG Advisers LLC purchased a new stake in shares of Cheniere Energy during the 1st quarter valued at about $38,000. 87.26% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on LNG. TD Cowen increased their target price on shares of Cheniere Energy from $265.00 to $270.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Wells Fargo & Company increased their price objective on shares of Cheniere Energy from $267.00 to $284.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 12th. Cowen reiterated a “buy” rating on shares of Cheniere Energy in a research note on Friday, August 8th. Zacks Research raised Cheniere Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Finally, Scotiabank reiterated an “outperform” rating on shares of Cheniere Energy in a report on Tuesday, July 15th. 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 company’s stock. Based on data from MarketBeat, Cheniere Energy presently has an average rating of “Buy” and an average price target of $266.93.

Cheniere Energy Stock Performance

LNG opened at $222.18 on Wednesday. The firm’s 50-day moving average price is $233.68 and its 200 day moving average price is $232.91. The firm has a market capitalization of $48.83 billion, a PE ratio of 12.97 and a beta of 0.37. 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 twelve month low of $180.77 and a twelve month high of $257.65.

Cheniere Energy (NYSE:LNG) last announced its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 EPS for the quarter, beating the consensus estimate of $2.35 by $4.95. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The business had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.48 billion. During the same quarter in the prior year, the company posted $3.84 EPS. The company’s quarterly revenue was up 42.8% on a year-over-year basis. As a group, sell-side analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

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.