Fielder Capital Group LLC Buys 51 Shares of Cheniere Energy, Inc. $LNG

Fielder Capital Group LLC lifted its stake in Cheniere Energy, Inc. (NYSE:LNG) by 1.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,964 shares of the energy company’s stock after purchasing an additional 51 shares during the quarter. Fielder Capital Group LLC’s holdings in Cheniere Energy were worth $722,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in LNG. Brighton Jones LLC bought a new stake in shares of Cheniere Energy in the 4th quarter worth approximately $335,000. GAMMA Investing LLC boosted its position in shares of Cheniere Energy by 9.5% in the 1st quarter. GAMMA Investing LLC now owns 1,479 shares of the energy company’s stock worth $342,000 after purchasing an additional 128 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Cheniere Energy by 7.7% in the 1st quarter. International Assets Investment Management LLC now owns 2,051 shares of the energy company’s stock worth $475,000 after purchasing an additional 147 shares in the last quarter. Daymark Wealth Partners LLC bought a new stake in shares of Cheniere Energy in the 1st quarter worth approximately $432,000. Finally, Golden State Wealth Management LLC boosted its position in shares of Cheniere Energy by 114.5% in the 1st quarter. Golden State Wealth Management LLC now owns 860 shares of the energy company’s stock worth $199,000 after purchasing an additional 459 shares in the last quarter. 87.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LNG. Mizuho upped their price objective on Cheniere Energy from $268.00 to $273.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Scotiabank reaffirmed an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. Barclays reaffirmed an “overweight” rating and issued a $262.00 price objective (up from $253.00) on shares of Cheniere Energy in a research report on Tuesday, July 15th. Wells Fargo & Company upped their price objective on Cheniere Energy from $267.00 to $284.00 and gave the company an “overweight” rating in a research report on Tuesday, August 12th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Cheniere Energy in a research note on Friday. Two 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. Based on data from MarketBeat, Cheniere Energy currently has a consensus rating of “Buy” and an average price target of $267.67.

Cheniere Energy Trading Down 0.9%

Shares of NYSE:LNG opened at $219.55 on Friday. The stock has a market capitalization of $48.25 billion, a price-to-earnings ratio of 12.82 and a beta of 0.37. 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’s 50-day simple moving average is $233.11 and its two-hundred day simple moving average is $233.09. Cheniere Energy, Inc. has a 52-week low of $181.59 and a 52-week high of $257.65.

Cheniere Energy (NYSE:LNG) last announced its earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.35 by $4.95. The business had revenue of $4.64 billion for 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 business’s revenue for the quarter was up 42.8% on a year-over-year basis. During the same period last year, the firm posted $3.84 earnings per share. Analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current 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.