Ritholtz Wealth Management Acquires New Position in Cheniere Energy, Inc. $LNG

Ritholtz Wealth Management acquired a new stake in Cheniere Energy, Inc. (NYSE:LNG) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,377 shares of the energy company’s stock, valued at approximately $335,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pinnacle Bancorp Inc. grew its holdings in 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 in the last quarter. Hilltop National Bank purchased a new position in Cheniere Energy during the 2nd quarter valued at about $28,000. Richardson Financial Services Inc. purchased a new position in Cheniere Energy during the 2nd quarter valued at about $30,000. Cooksen Wealth LLC purchased a new position in Cheniere Energy during the 1st quarter valued at about $38,000. Finally, WPG Advisers LLC purchased a new position in Cheniere Energy during the 1st quarter valued at about $38,000. 87.26% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on LNG shares. Barclays reaffirmed an “overweight” rating and set a $262.00 target price (up previously from $253.00) on shares of Cheniere Energy in a report on Tuesday, July 15th. Wells Fargo & Company boosted their price objective on Cheniere Energy from $267.00 to $284.00 and gave the stock an “overweight” rating in a report on Tuesday, August 12th. Bank of America boosted their price objective on Cheniere Energy from $258.00 to $271.00 and gave the stock a “buy” rating in a report on Wednesday, June 25th. BMO Capital Markets started coverage on Cheniere Energy in a report on Friday, September 19th. They set an “outperform” rating and a $268.00 price objective for the company. Finally, Scotiabank reissued an “outperform” rating on shares of Cheniere Energy in a report on Tuesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $266.93.

Cheniere Energy Stock Up 1.0%

Shares of LNG opened at $221.20 on Tuesday. The firm has a market cap of $48.61 billion, a P/E ratio of 12.91 and a beta of 0.37. The stock has a 50 day simple moving average of $233.84 and a two-hundred day simple moving average of $232.98. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85. Cheniere Energy, Inc. has a 1 year low of $180.62 and a 1 year high of $257.65.

Cheniere Energy (NYSE:LNG) last issued 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 during the quarter, compared to analyst estimates of $4.48 billion. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.Cheniere Energy’s revenue for the quarter was up 42.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.84 earnings per share. On average, analysts forecast 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.