J2 Capital Management Inc Buys 690 Shares of Cheniere Energy, Inc. $LNG

J2 Capital Management Inc boosted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG) by 33.0% during the second quarter, Holdings Channel.com reports. The fund owned 2,778 shares of the energy company’s stock after acquiring an additional 690 shares during the period. J2 Capital Management Inc’s holdings in Cheniere Energy were worth $676,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. BSW Wealth Partners increased its stake in Cheniere Energy by 18.3% during the 2nd quarter. BSW Wealth Partners now owns 1,068 shares of the energy company’s stock worth $260,000 after acquiring an additional 165 shares during the period. USA Financial Formulas increased its stake in Cheniere Energy by 2.9% during the 2nd quarter. USA Financial Formulas now owns 3,689 shares of the energy company’s stock worth $898,000 after acquiring an additional 104 shares during the period. QTR Family Wealth LLC bought a new position in Cheniere Energy during the 2nd quarter worth $234,000. Trust Co. of Vermont increased its stake in Cheniere Energy by 7.3% during the 2nd quarter. Trust Co. of Vermont now owns 21,937 shares of the energy company’s stock worth $5,342,000 after acquiring an additional 1,500 shares during the period. Finally, Ninety One SA PTY Ltd increased its stake in Cheniere Energy by 1,045.0% during the 2nd quarter. Ninety One SA PTY Ltd now owns 23,209 shares of the energy company’s stock worth $5,647,000 after acquiring an additional 21,182 shares during the period. Institutional investors own 87.26% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on LNG. Barclays reaffirmed an “overweight” rating and issued a $262.00 target price (up previously from $253.00) on shares of Cheniere Energy in a report on Tuesday, July 15th. Mizuho raised their target price on Cheniere Energy from $268.00 to $273.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Scotiabank reaffirmed an “outperform” rating on shares of Cheniere Energy in a report on Tuesday, July 15th. Jefferies Financial Group set a $288.00 target price on Cheniere Energy and gave the company a “buy” rating in a report on Thursday, June 26th. Finally, Bank of America raised their target price on Cheniere Energy from $258.00 to $271.00 and gave the company a “buy” rating in a report on Wednesday, June 25th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $263.60.

Cheniere Energy Stock Down 1.1%

Shares of LNG opened at $232.31 on Thursday. The company has a market capitalization of $51.05 billion, a PE ratio of 13.56 and a beta of 0.37. Cheniere Energy, Inc. has a 12 month low of $180.62 and a 12 month high of $257.65. The stock’s 50-day moving average price is $235.26 and its two-hundred day moving average price is $232.74. 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 (NYSE:LNG) last announced 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. The firm had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.48 billion. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The business’s quarterly revenue was up 42.8% compared to the same quarter last year. During the same period in the previous year, the business earned $3.84 EPS. On average, analysts anticipate 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.