895 Shares in Cheniere Energy, Inc. $LNG Acquired by Lyell Wealth Management LP

Lyell Wealth Management LP purchased a new position in shares of Cheniere Energy, Inc. (NYSE:LNG) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 895 shares of the energy company’s stock, valued at approximately $218,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pinnacle Bancorp Inc. increased its position in Cheniere Energy by 134.1% during the second quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company’s stock worth $25,000 after purchasing an additional 59 shares during the last quarter. Hilltop National Bank acquired a new position in Cheniere Energy during the second quarter worth approximately $28,000. Richardson Financial Services Inc. acquired a new position in Cheniere Energy during the second quarter worth approximately $30,000. Cooksen Wealth LLC acquired a new position in Cheniere Energy during the first quarter worth approximately $38,000. Finally, WPG Advisers LLC acquired a new position in Cheniere Energy during the first quarter worth approximately $38,000. Institutional investors and hedge funds own 87.26% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on LNG shares. Barclays reissued an “overweight” rating and issued a $262.00 price objective (up previously from $253.00) on shares of Cheniere Energy in a research report on Tuesday, July 15th. BMO Capital Markets started coverage on shares of Cheniere Energy in a research report on Friday, September 19th. They issued an “outperform” rating and a $268.00 price objective for the company. Scotiabank reissued an “outperform” rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. Zacks Research raised shares of Cheniere Energy from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Finally, TD Cowen increased their price objective 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. Two equities research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $266.93.

Cheniere Energy Price Performance

LNG opened at $221.20 on Tuesday. The company has a fifty day simple moving average of $233.84 and a 200 day simple moving average of $232.98. The firm has a market cap of $48.61 billion, a price-to-earnings ratio of 12.91 and a beta of 0.37. Cheniere Energy, Inc. has a twelve month low of $180.62 and a twelve month high of $257.65. 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 released its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 21.05% and a return on equity of 37.83%. The business’s revenue was up 42.8% on a year-over-year basis. During the same period last year, the business earned $3.84 EPS. Equities research analysts expect that Cheniere Energy, Inc. will post 11.69 EPS 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.