1,377 Shares in Cheniere Energy, Inc. $LNG Bought by Ritholtz Wealth Management

Key Points

• Ritholtz Wealth Management acquired 1,377 shares of Cheniere Energy, valued at approximately $335,000, during the second quarter.
• Cheniere Energy reported $7.30 earnings per share (EPS) for the last quarter, significantly exceeding analyst expectations of $2.35, with revenue growing 42.8% year-over-year.
• Wall Street analysts have a consensus rating of "Buy" for Cheniere Energy, with several firms raising their price targets, signaling strong investor confidence in the company's growth potential.

Ritholtz Wealth Management bought a new position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm bought 1,377 shares of the energy company's stock, valued at approximately $335,000.

Several other large investors have also bought and sold shares of LNG. Pinnacle Bancorp Inc. boosted its holdings in Cheniere Energy by 134.1% during the 2nd quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company's stock worth $25,000 after acquiring an additional 59 shares during the last quarter. Hilltop National Bank purchased a new position in Cheniere Energy during the 2nd quarter worth $28,000. Richardson Financial Services Inc. purchased a new position in Cheniere Energy during the 2nd quarter worth $30,000. Cooksen Wealth LLC purchased a new position in Cheniere Energy during the 1st quarter worth $38,000. Finally, WPG Advisers LLC purchased a new position in Cheniere Energy during the 1st quarter worth $38,000. 87.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

LNG has been the topic of a number of analyst reports. TD Cowen lifted their price objective on shares of Cheniere Energy from $265.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Wells Fargo & Company lifted their price objective on shares of Cheniere Energy from $267.00 to $284.00 and gave the stock an "overweight" rating in a report on Tuesday, August 12th. Bank of America lifted their target price on Cheniere Energy from $258.00 to $271.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Cowen reiterated a "buy" rating on shares of Cheniere Energy in a research note on Friday, August 8th. Finally, Zacks Research upgraded Cheniere Energy from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $266.93.

Cheniere Energy Trading Up 1.0%

NYSE LNG opened at $221.20 on Tuesday. The business's fifty day moving average is $233.84 and its 200-day moving average is $232.98. Cheniere Energy, Inc. has a one year low of $180.62 and a one year high of $257.65. The stock has a market capitalization of $48.61 billion, a price-to-earnings ratio of 12.91 and a beta of 0.37. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The energy company reported $7.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.35 by $4.95. Cheniere Energy had a return on equity of 37.83% and a net margin of 21.05%.The business had revenue of $4.64 billion for the quarter, compared to analysts' expectations of $4.48 billion. During the same period in the previous year, the business posted $3.84 EPS. The firm's quarterly revenue was up 42.8% compared to the same quarter last year. Equities research analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current 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.

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