Cheniere Energy, Inc. $LNG Shares Sold by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC trimmed its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 4.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 12,537 shares of the energy company’s stock after selling 644 shares during the quarter. Kingswood Wealth Advisors LLC’s holdings in Cheniere Energy were worth $3,053,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Altman Advisors Inc. increased its position in shares of Cheniere Energy by 0.4% in the first quarter. Altman Advisors Inc. now owns 10,162 shares of the energy company’s stock valued at $2,348,000 after buying an additional 43 shares in the last quarter. Greenleaf Trust grew its stake in Cheniere Energy by 1.1% in the 1st quarter. Greenleaf Trust now owns 4,212 shares of the energy company’s stock valued at $975,000 after acquiring an additional 46 shares during the period. Hemington Wealth Management raised its position in Cheniere Energy by 14.0% during the first quarter. Hemington Wealth Management now owns 390 shares of the energy company’s stock worth $90,000 after acquiring an additional 48 shares during the period. Brooklyn Investment Group lifted its holdings in Cheniere Energy by 5.0% during the first quarter. Brooklyn Investment Group now owns 1,007 shares of the energy company’s stock valued at $233,000 after purchasing an additional 48 shares in the last quarter. Finally, Venturi Wealth Management LLC grew its position in shares of Cheniere Energy by 4.0% in the first quarter. Venturi Wealth Management LLC now owns 1,356 shares of the energy company’s stock valued at $314,000 after purchasing an additional 52 shares during the period. 87.26% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently issued reports on LNG. Wells Fargo & Company upped their target price on shares of Cheniere Energy from $267.00 to $284.00 and gave the stock an “overweight” rating in a report on Tuesday, August 12th. Mizuho raised 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. Cowen restated a “buy” rating on shares of Cheniere Energy in a research report on Friday, August 8th. Bank of America increased their price target on Cheniere Energy from $258.00 to $271.00 and gave the company a “buy” rating in a report on Wednesday, June 25th. Finally, Jefferies Financial Group set a $288.00 price objective on Cheniere Energy and gave the stock a “buy” rating in a research note on Thursday, June 26th. One investment analyst has 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. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $263.60.

Cheniere Energy Price Performance

LNG stock opened at $233.01 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 company has a market capitalization of $51.21 billion, a PE ratio of 13.60 and a beta of 0.37. The business’s fifty day moving average price is $235.60 and its 200 day moving average price is $232.95.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share for the quarter, topping analysts’ consensus estimates 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 in the prior year, the firm earned $3.84 earnings per share. The business’s quarterly revenue was up 42.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

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.