Graves Light Lenhart Wealth Inc. Buys New Position in Cheniere Energy, Inc. $LNG

Key Points

• Graves Light Lenhart Wealth Inc. acquired 1,568 shares of Cheniere Energy, valued at around $382,000, in the second quarter.
• Cheniere Energy reported a Q2 EPS of $7.30, beating estimates by $4.95, with revenue reaching $4.64 billion.
• Analysts remain optimistic, with multiple buy ratings and price targets raised to over $270, reflecting positive growth forecasts for Cheniere Energy.

Graves Light Lenhart Wealth Inc. bought a new stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 1,568 shares of the energy company's stock, valued at approximately $382,000.

A number of other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in Cheniere Energy by 0.3% in the first quarter. Vanguard Group Inc. now owns 20,937,749 shares of the energy company's stock valued at $4,844,995,000 after buying an additional 54,801 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Cheniere Energy by 12.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,660,545 shares of the energy company's stock valued at $1,078,450,000 after buying an additional 534,033 shares during the last quarter. Invesco Ltd. boosted its position in Cheniere Energy by 7.9% in the first quarter. Invesco Ltd. now owns 3,492,443 shares of the energy company's stock valued at $808,151,000 after buying an additional 255,140 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Cheniere Energy by 12.7% in the first quarter. Goldman Sachs Group Inc. now owns 3,185,605 shares of the energy company's stock valued at $737,149,000 after buying an additional 359,435 shares during the last quarter. Finally, Amundi lifted its holdings in Cheniere Energy by 0.3% in the first quarter. Amundi now owns 2,703,299 shares of the energy company's stock valued at $595,245,000 after acquiring an additional 7,297 shares during the period. Hedge funds and other institutional investors own 87.26% of the company's stock.

Cheniere Energy Price Performance

NYSE LNG traded down $2.92 during mid-day trading on Friday, hitting $231.42. The stock had a trading volume of 3,066,329 shares, compared to its average volume of 1,452,719. The firm's 50 day moving average is $234.82 and its 200 day moving average is $231.66. Cheniere Energy, Inc. has a twelve month low of $177.56 and a twelve month high of $257.65. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85. The stock has a market capitalization of $50.86 billion, a price-to-earnings ratio of 13.51 and a beta of 0.43.

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LNG. Wells Fargo & Company boosted their price target on Cheniere Energy from $267.00 to $284.00 and gave the company an "overweight" rating in a report on Tuesday, August 12th. Barclays reissued an "overweight" rating and issued a $262.00 price target (up from $253.00) on shares of Cheniere Energy in a report on Tuesday, July 15th. Mizuho boosted their price target on Cheniere Energy from $268.00 to $273.00 and gave the company an "outperform" rating in a report on Friday, August 29th. Scotiabank reissued an "outperform" rating on shares of Cheniere Energy in a report on Tuesday, July 15th. Finally, Jefferies Financial Group set a $288.00 price target on Cheniere Energy and gave the company a "buy" rating in a report on Thursday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $263.60.

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.