1,411 Shares in Cheniere Energy, Inc. $LNG Bought by Apollon Wealth Management LLC

Apollon Wealth Management LLC acquired a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 1,411 shares of the energy company’s stock, valued at approximately $344,000.

A number of other hedge funds have also recently made changes to their positions in LNG. Pinnacle Bancorp Inc. raised its holdings 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 buying an additional 59 shares during the last quarter. Hilltop National Bank acquired a new position in Cheniere Energy in the 2nd quarter valued at approximately $28,000. Richardson Financial Services Inc. acquired a new position in Cheniere Energy in the 2nd quarter valued at approximately $30,000. Cooksen Wealth LLC acquired a new position in Cheniere Energy in the 1st quarter valued at approximately $38,000. Finally, WPG Advisers LLC bought a new stake in shares of Cheniere Energy in the first quarter worth $38,000. 87.26% of the stock is owned by institutional investors and hedge funds.

Cheniere Energy Stock Down 0.6%

Shares of Cheniere Energy stock opened at $218.67 on Friday. Cheniere Energy, Inc. has a one year low of $180.62 and a one year high of $257.65. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85. The stock’s 50-day moving average is $234.02 and its 200 day moving average is $232.74. The firm has a market cap of $48.06 billion, a price-to-earnings ratio of 12.77 and a beta of 0.37.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.35 by $4.95. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.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 previous year, the firm earned $3.84 earnings per share. The company’s revenue was up 42.8% compared to the same quarter last year. Equities research analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on LNG. BMO Capital Markets began coverage on shares of Cheniere Energy in a research note on Friday, September 19th. They issued an “outperform” rating and a $268.00 price objective on the stock. Jefferies Financial Group set a $288.00 target price on Cheniere Energy and gave the stock a “buy” rating in a report on Thursday, June 26th. Wells Fargo & Company raised their price objective on Cheniere Energy from $267.00 to $284.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 12th. Weiss Ratings reissued a “buy (b)” rating on shares of Cheniere Energy in a research report on Wednesday, October 8th. Finally, Bank of America increased their target price on shares of Cheniere Energy from $258.00 to $271.00 and gave the company a “buy” rating in a research report on Wednesday, June 25th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $266.93.

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.