Denali Advisors LLC Increases Holdings in Cheniere Energy, Inc. $LNG

Denali Advisors LLC increased its position in Cheniere Energy, Inc. (NYSE:LNG) by 5.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 21,890 shares of the energy company’s stock after acquiring an additional 1,197 shares during the quarter. Denali Advisors LLC’s holdings in Cheniere Energy were worth $5,331,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. Altman Advisors Inc. increased its holdings in Cheniere Energy by 0.4% in the 1st quarter. Altman Advisors Inc. now owns 10,162 shares of the energy company’s stock worth $2,348,000 after acquiring an additional 43 shares during the last quarter. Greenleaf Trust increased its holdings in Cheniere Energy by 1.1% in the 1st quarter. Greenleaf Trust now owns 4,212 shares of the energy company’s stock worth $975,000 after acquiring an additional 46 shares during the last quarter. Hemington Wealth Management increased its holdings in Cheniere Energy by 14.0% in the 1st quarter. Hemington Wealth Management now owns 390 shares of the energy company’s stock worth $90,000 after acquiring an additional 48 shares during the last quarter. Brooklyn Investment Group boosted its stake in Cheniere Energy by 5.0% in the 1st quarter. Brooklyn Investment Group now owns 1,007 shares of the energy company’s stock worth $233,000 after purchasing an additional 48 shares during the period. Finally, Venturi Wealth Management LLC grew its holdings in Cheniere Energy by 4.0% during the 1st quarter. Venturi Wealth Management LLC now owns 1,356 shares of the energy company’s stock valued at $314,000 after buying an additional 52 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Analysts Set New Price Targets

LNG has been the subject of a number of recent analyst reports. Scotiabank reaffirmed an “outperform” rating on shares of Cheniere Energy in a report on Tuesday, July 15th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Cheniere Energy in a report on Wednesday, October 8th. 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. Mizuho lifted 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. Finally, Bank of America lifted 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. Two research 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. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $266.93.

Cheniere Energy Stock Performance

Shares of LNG opened at $222.18 on Wednesday. The company has a market cap of $48.83 billion, a PE ratio of 12.97 and a beta of 0.37. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 1.96. The stock has a 50-day moving average price of $233.68 and a 200-day moving average price of $232.91. Cheniere Energy, Inc. has a 12-month low of $180.77 and a 12-month high of $257.65.

Cheniere Energy (NYSE:LNG) last released its earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share for the quarter, topping analysts’ consensus estimates of $2.35 by $4.95. The company had revenue of $4.64 billion during 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%.Cheniere Energy’s quarterly revenue was up 42.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.84 EPS. As a group, equities analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Cheniere Energy 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.