Courier Capital LLC Sells 131 Shares of Cheniere Energy, Inc. $LNG

Courier Capital LLC lessened its holdings in Cheniere Energy, Inc. (NYSE:LNG) by 1.4% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,053 shares of the energy company’s stock after selling 131 shares during the quarter. Courier Capital LLC’s holdings in Cheniere Energy were worth $2,205,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Pinnacle Bancorp Inc. grew its position 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 acquiring an additional 59 shares during the last quarter. Hilltop National Bank bought a new position in Cheniere Energy in the 2nd quarter valued at $28,000. Richardson Financial Services Inc. bought a new position in Cheniere Energy in the 2nd quarter valued at $30,000. Cooksen Wealth LLC bought a new position in Cheniere Energy in the 1st quarter valued at $38,000. Finally, WPG Advisers LLC bought a new position in Cheniere Energy in the 1st quarter valued at $38,000. Institutional investors own 87.26% of the company’s stock.

Analysts Set New Price Targets

LNG has been the subject of several research reports. Bank of America upped their target price on Cheniere Energy from $258.00 to $271.00 and gave the stock a “buy” rating in a report on Wednesday, June 25th. Scotiabank reiterated an “outperform” rating on shares of Cheniere Energy in a report on Tuesday, July 15th. Cowen reiterated a “buy” rating on shares of Cheniere Energy in a report on Friday, August 8th. Wells Fargo & Company upped their target price on Cheniere Energy from $267.00 to $284.00 and gave the stock an “overweight” rating in a report on Tuesday, August 12th. Finally, Zacks Research upgraded Cheniere Energy from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $263.60.

Cheniere Energy Trading Down 0.1%

Cheniere Energy stock opened at $227.04 on Tuesday. The stock has a 50-day moving average of $235.03 and a two-hundred day moving average of $232.99. 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 $180.62 and a one year high of $257.65. The stock has a market cap of $49.90 billion, a PE ratio of 13.25 and a beta of 0.37.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 EPS for the quarter, beating analysts’ consensus estimates of $2.35 by $4.95. The company had revenue of $4.64 billion during the quarter, compared to analysts’ expectations of $4.48 billion. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The firm’s revenue was up 42.8% compared to the same quarter last year. During the same period last year, the business posted $3.84 earnings per share. On average, research analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal year.

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.