Atria Wealth Solutions Inc. Decreases Stake in Cheniere Energy, Inc. $LNG

Key Points

• Atria Wealth Solutions Inc. reduced its stake in Cheniere Energy by 45.5%, owning 4,216 shares valued at $1,023,000 at the end of the second quarter.
• Cheniere Energy reported earnings of $7.30 per share for the most recent quarter, surpassing analysts' estimates by $4.95, alongside a revenue increase of 42.8% year-over-year.
• Overall, approximately 87.26% of Cheniere Energy's stock is currently held by hedge funds and institutional investors, indicating strong institutional interest in the company.

Atria Wealth Solutions Inc. reduced its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 45.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,216 shares of the energy company's stock after selling 3,518 shares during the period. Atria Wealth Solutions Inc.'s holdings in Cheniere Energy were worth $1,023,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in LNG. Brighton Jones LLC purchased a new stake in shares of Cheniere Energy during the 4th quarter worth $335,000. Farther Finance Advisors LLC boosted its position in shares of Cheniere Energy by 28.9% in the 1st quarter. Farther Finance Advisors LLC now owns 759 shares of the energy company's stock worth $175,000 after buying an additional 170 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Cheniere Energy by 9.5% in the 1st quarter. GAMMA Investing LLC now owns 1,479 shares of the energy company's stock worth $342,000 after buying an additional 128 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Cheniere Energy by 63.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 76,919 shares of the energy company's stock worth $17,800,000 after buying an additional 29,937 shares in the last quarter. Finally, Sagespring Wealth Partners LLC boosted its position in shares of Cheniere Energy by 45.5% in the 1st quarter. Sagespring Wealth Partners LLC now owns 1,420 shares of the energy company's stock worth $329,000 after buying an additional 444 shares in the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Price Performance

NYSE:LNG opened at $218.67 on Friday. The firm has a market cap of $48.06 billion, a price-to-earnings ratio of 12.77 and a beta of 0.37. The company has a current ratio of 0.98, a quick ratio of 0.85 and a debt-to-equity ratio of 1.96. The company's 50-day moving average is $234.02 and its two-hundred day moving average is $232.74. Cheniere Energy, Inc. has a 12-month low of $180.62 and a 12-month high of $257.65.

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. The company had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.48 billion. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The firm's quarterly revenue was up 42.8% on a year-over-year basis. During the same period in the prior year, the firm earned $3.84 EPS. Research analysts expect that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Analyst Ratings Changes

LNG has been the topic of several recent research reports. Barclays reiterated an "overweight" rating and issued a $262.00 price objective (up from $253.00) on shares of Cheniere Energy in a research report on Tuesday, July 15th. Jefferies Financial Group set a $288.00 price objective on shares of Cheniere Energy and gave the stock a "buy" rating in a research report on Thursday, June 26th. Zacks Research upgraded shares of Cheniere Energy from a "hold" rating to a "strong-buy" rating in a research report on Monday, October 6th. Wells Fargo & Company boosted their price objective on shares of Cheniere Energy from $267.00 to $284.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 12th. Finally, TD Cowen boosted their price objective on shares of Cheniere Energy from $265.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $266.93.

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.

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