Apollon Wealth Management LLC Makes New $344,000 Investment in Cheniere Energy, Inc. $LNG

Key Points

• Apollon Wealth Management LLC has made a new investment of approximately $344,000 in Cheniere Energy, acquiring 1,411 shares in the 2nd quarter.
• Cheniere Energy reported earnings of $7.30 per share for the last quarter, significantly beating expectations and showing a 42.8% year-over-year increase in revenue.
• The company's stock has received positive ratings from various brokerages, with a consensus rating of "Buy" and a target price of $266.93.

Apollon Wealth Management LLC acquired a new position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 1,411 shares of the energy company's stock, valued at approximately $344,000.

Other large investors also recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC acquired a new position in Cheniere Energy in the 2nd quarter valued at $384,806,000. Nuveen LLC bought a new stake in shares of Cheniere Energy in the first quarter valued at about $294,793,000. Massachusetts Financial Services Co. MA raised its stake in Cheniere Energy by 12.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 4,660,545 shares of the energy company's stock worth $1,078,450,000 after purchasing an additional 534,033 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Cheniere Energy by 33.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,031,767 shares of the energy company's stock worth $470,151,000 after purchasing an additional 504,960 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in Cheniere Energy by 25.7% in the 1st quarter. Royal Bank of Canada now owns 2,395,267 shares of the energy company's stock worth $554,265,000 after purchasing an additional 488,994 shares in the last quarter. Institutional investors own 87.26% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on LNG. Scotiabank reaffirmed an "outperform" rating on shares of Cheniere Energy in a report on Tuesday, July 15th. Jefferies Financial Group set a $288.00 price target on Cheniere Energy and gave the stock a "buy" rating in a research report on Thursday, June 26th. Weiss Ratings reiterated a "buy (b)" rating on shares of Cheniere Energy in a research report on Wednesday, October 8th. 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 research note on Tuesday, August 12th. Finally, Barclays reaffirmed an "overweight" rating and issued a $262.00 price target (up previously from $253.00) on shares of Cheniere Energy in a research note on Tuesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $266.93.

Cheniere Energy Price Performance

Cheniere Energy stock opened at $218.67 on Friday. Cheniere Energy, Inc. has a 52 week low of $180.62 and a 52 week high of $257.65. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98. The stock has a fifty day moving average of $234.02 and a 200-day moving average of $232.74. The stock has a market capitalization of $48.06 billion, a P/E ratio of 12.77 and a beta of 0.37.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its earnings results 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 firm had revenue of $4.64 billion for the quarter, compared to analysts' expectations of $4.48 billion. During the same quarter in the previous year, the business posted $3.84 earnings per share. The business's revenue for the quarter was up 42.8% on a year-over-year basis. On average, sell-side analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal 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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