Cheniere Energy, Inc. (NYSE:LNG) Shares Acquired by Carolinas Wealth Consulting LLC

Carolinas Wealth Consulting LLC increased its position in shares of Cheniere Energy, Inc. (NYSE:LNG) by 5,000.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 153 shares of the energy company’s stock after acquiring an additional 150 shares during the period. Carolinas Wealth Consulting LLC’s holdings in Cheniere Energy were worth $27,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Massachusetts Financial Services Co. MA lifted its stake in shares of Cheniere Energy by 1,490.1% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,957,451 shares of the energy company’s stock valued at $342,221,000 after buying an additional 1,834,347 shares during the period. TD Asset Management Inc lifted its position in shares of Cheniere Energy by 231.8% in the 1st quarter. TD Asset Management Inc now owns 1,338,752 shares of the energy company’s stock worth $215,914,000 after acquiring an additional 935,239 shares during the period. Zimmer Partners LP grew its holdings in shares of Cheniere Energy by 61.4% during the 1st quarter. Zimmer Partners LP now owns 1,222,723 shares of the energy company’s stock worth $197,201,000 after purchasing an additional 465,000 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new stake in shares of Cheniere Energy during the 1st quarter worth approximately $70,682,000. Finally, BROOKFIELD Corp ON raised its stake in shares of Cheniere Energy by 30.4% in the first quarter. BROOKFIELD Corp ON now owns 1,593,308 shares of the energy company’s stock valued at $256,969,000 after purchasing an additional 371,061 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors.

Cheniere Energy Price Performance

Shares of Cheniere Energy stock opened at $182.24 on Friday. The stock has a market capitalization of $41.72 billion, a price-to-earnings ratio of 8.88 and a beta of 0.95. The firm’s 50-day moving average price is $180.70 and its two-hundred day moving average price is $167.52. The company has a current ratio of 1.02, a quick ratio of 0.93 and a debt-to-equity ratio of 2.63. Cheniere Energy, Inc. has a 1-year low of $152.31 and a 1-year high of $187.44.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Thursday, August 8th. The energy company reported $3.84 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $2.13. Cheniere Energy had a return on equity of 39.42% and a net margin of 27.05%. The business had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.52 billion. During the same period in the prior year, the company earned $5.61 EPS. Cheniere Energy’s revenue for the quarter was down 19.6% on a year-over-year basis. On average, equities analysts predict that Cheniere Energy, Inc. will post 9.74 earnings per share for the current fiscal year.

Cheniere Energy announced that its Board of Directors has authorized a share buyback plan on Monday, June 17th that allows the company to repurchase $4.00 billion in shares. This repurchase authorization allows the energy company to purchase up to 9.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on LNG. Barclays increased their price objective on shares of Cheniere Energy from $194.00 to $199.00 and gave the company an “overweight” rating in a research note on Wednesday, July 17th. TD Cowen upped their target price on shares of Cheniere Energy from $178.00 to $185.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Sanford C. Bernstein initiated coverage on shares of Cheniere Energy in a research note on Monday, June 24th. They set an “outperform” rating for the company. Finally, Stifel Nicolaus lowered their price objective on Cheniere Energy from $208.00 to $204.00 and set a “buy” rating on the stock in a research note on Friday, August 9th. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $196.25.

Cheniere Energy Company 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.