Graham Capital Wealth Management LLC Buys 1,380 Shares of Cheniere Energy, Inc. (NYSE:LNG)

Graham Capital Wealth Management LLC grew its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG) by 4.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,390 shares of the energy company’s stock after purchasing an additional 1,380 shares during the period. Cheniere Energy makes up 6.9% of Graham Capital Wealth Management LLC’s portfolio, making the stock its 4th biggest holding. Graham Capital Wealth Management LLC’s holdings in Cheniere Energy were worth $5,138,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in LNG. Crewe Advisors LLC bought a new position in shares of Cheniere Energy during the 1st quarter valued at about $26,000. MCF Advisors LLC acquired a new position in shares of Cheniere Energy in the second quarter worth about $26,000. Lynx Investment Advisory acquired a new position in shares of Cheniere Energy in the second quarter worth about $27,000. Carolinas Wealth Consulting LLC boosted its holdings in shares of Cheniere Energy by 5,000.0% in the second quarter. Carolinas Wealth Consulting LLC now owns 153 shares of the energy company’s stock worth $27,000 after buying an additional 150 shares during the period. Finally, Cooksen Wealth LLC acquired a new position in shares of Cheniere Energy in the fourth quarter worth about $28,000. Institutional investors own 87.26% of the company’s stock.

Wall Street Analyst Weigh In

LNG has been the subject of several recent analyst reports. Stifel Nicolaus decreased their target price on shares of Cheniere Energy from $208.00 to $204.00 and set a “buy” rating for the company in a report on Friday, August 9th. Sanford C. Bernstein assumed coverage on shares of Cheniere Energy in a research report on Monday, June 24th. They issued an “outperform” rating for the company. TD Cowen increased their price target on shares of Cheniere Energy from $178.00 to $185.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. Finally, Barclays increased their price target on shares of Cheniere Energy from $194.00 to $199.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 17th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $196.25.

Cheniere Energy Price Performance

Shares of LNG opened at $179.84 on Tuesday. Cheniere Energy, Inc. has a twelve month low of $152.31 and a twelve month high of $187.44. The firm has a market cap of $41.17 billion, a PE ratio of 8.76 and a beta of 0.95. The company has a debt-to-equity ratio of 2.63, a quick ratio of 0.93 and a current ratio of 1.02. The firm’s 50 day moving average price is $180.72 and its 200 day moving average price is $168.91.

Cheniere Energy (NYSE:LNG) last released its quarterly earnings results on Thursday, August 8th. The energy company reported $3.84 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $2.13. Cheniere Energy had a net margin of 27.05% and a return on equity of 39.42%. The company had revenue of $3.30 billion for the quarter, compared to analyst estimates of $3.52 billion. During the same quarter last year, the firm posted $5.61 earnings per share. The company’s quarterly revenue was down 19.6% compared to the same quarter last year. As a group, research analysts expect that Cheniere Energy, Inc. will post 9.74 EPS for the current fiscal year.

Cheniere Energy declared that its board has approved a share buyback plan on Monday, June 17th that permits the company to repurchase $4.00 billion in outstanding shares. This repurchase authorization permits the energy company to reacquire up to 9.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.

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.