Wealth Effects LLC Boosts Holdings in Cheniere Energy, Inc. (NYSE:LNG)

Wealth Effects LLC grew its position in Cheniere Energy, Inc. (NYSE:LNG) by 2.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,784 shares of the energy company’s stock after purchasing an additional 135 shares during the quarter. Wealth Effects LLC’s holdings in Cheniere Energy were worth $1,028,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Miracle Mile Advisors LLC acquired a new stake in Cheniere Energy in the 4th quarter worth approximately $2,127,000. Insight Wealth Strategies LLC purchased a new position in shares of Cheniere Energy in the fourth quarter worth $4,455,000. Covea Finance lifted its stake in shares of Cheniere Energy by 18.8% during the fourth quarter. Covea Finance now owns 121,400 shares of the energy company’s stock worth $26,085,000 after buying an additional 19,200 shares during the period. Kathmere Capital Management LLC purchased a new stake in shares of Cheniere Energy during the fourth quarter valued at $245,000. Finally, Anderson Hoagland & Co. acquired a new position in shares of Cheniere Energy in the 4th quarter valued at $2,460,000. Hedge funds and other institutional investors own 87.26% of the company’s stock.

Cheniere Energy Trading Down 3.4 %

Shares of Cheniere Energy stock opened at $224.00 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 0.98 and a debt-to-equity ratio of 2.41. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $257.65. The firm has a market capitalization of $50.26 billion, a PE ratio of 14.30 and a beta of 0.99. The firm’s 50-day moving average price is $222.57 and its 200 day moving average price is $197.94.

Cheniere Energy (NYSE:LNG) last issued its quarterly earnings results on Thursday, October 31st. The energy company reported $3.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.87 by $2.06. The firm had revenue of $3.76 billion for the quarter, compared to analyst estimates of $3.76 billion. Cheniere Energy had a return on equity of 41.44% and a net margin of 22.70%. The business’s revenue was down 9.5% on a year-over-year basis. During the same period in the previous year, the company posted $2.37 earnings per share. On average, sell-side analysts predict that Cheniere Energy, Inc. will post 12.67 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

LNG has been the topic of several research analyst reports. Scotiabank boosted their price target on Cheniere Energy from $242.00 to $247.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 21st. Royal Bank of Canada upped their target price on Cheniere Energy from $201.00 to $217.00 and gave the company an “outperform” rating in a research report on Wednesday, October 16th. Barclays raised their price target on shares of Cheniere Energy from $202.00 to $253.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Bank of America began coverage on shares of Cheniere Energy in a report on Thursday, October 17th. They issued a “buy” rating and a $215.00 price target on the stock. Finally, TD Cowen lifted their price objective on Cheniere Energy from $242.00 to $250.00 and gave the company a “buy” rating in a research note on Monday. Two investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $232.36.

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.