Cheniere Energy, Inc. $LNG Stock Position Raised by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC lifted its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 46.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 2,076 shares of the energy company’s stock after purchasing an additional 656 shares during the quarter. Sagespring Wealth Partners LLC’s holdings in Cheniere Energy were worth $505,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Pinnacle Bancorp Inc. grew its position in shares of Cheniere Energy by 134.1% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock valued at $25,000 after buying an additional 59 shares during the last quarter. Hilltop National Bank bought a new stake in shares of Cheniere Energy during the 2nd quarter valued at about $28,000. Richardson Financial Services Inc. bought a new stake in shares of Cheniere Energy during the 2nd quarter valued at about $30,000. Cooksen Wealth LLC bought a new position in shares of Cheniere Energy during the first quarter worth about $38,000. Finally, WPG Advisers LLC bought a new position in shares of Cheniere Energy during the first quarter worth about $38,000. Institutional investors own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on LNG. TD Cowen upped their price target on shares of Cheniere Energy from $265.00 to $270.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. BMO Capital Markets began coverage on shares of Cheniere Energy in a research report on Friday, September 19th. They set an “outperform” rating and a $268.00 price target for the company. Mizuho upped their price target on shares of Cheniere Energy from $268.00 to $273.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Scotiabank restated an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. Finally, Jefferies Financial Group set a $288.00 price target on shares of Cheniere Energy and gave the stock a “buy” rating in a research report on Thursday, June 26th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $266.93.

Cheniere Energy Stock Performance

LNG stock opened at $220.04 on Friday. The company has a market capitalization of $48.36 billion, a P/E ratio of 12.85 and a beta of 0.37. The company has a 50-day simple moving average of $234.26 and a 200 day simple moving average of $232.82. Cheniere Energy, Inc. has a fifty-two week low of $180.62 and a fifty-two week high of $257.65. The company has a quick ratio of 0.85, a current ratio of 0.98 and a debt-to-equity ratio of 1.96.

Cheniere Energy (NYSE:LNG) last posted its quarterly earnings data on Thursday, August 7th. The energy company reported $7.30 earnings per share for the quarter, topping the consensus estimate of $2.35 by $4.95. The business had revenue of $4.64 billion during the quarter, compared to the consensus estimate of $4.48 billion. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The company’s quarterly revenue was up 42.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.84 earnings per share. Sell-side analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal 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.