Cheniere Energy, Inc. $LNG Holdings Raised by Paragon Advisors LLC

Key Points

• Paragon Advisors LLC has increased its holdings in Cheniere Energy, Inc. by 45.3% during the second quarter, now owning over $4.5 million worth of the stock.
• Cheniere Energy reported impressive earnings, with an EPS of $7.30 for the latest quarter, significantly outpacing analysts' estimate of $2.35, along with a revenue increase of 42.8% year-over-year.
• Analyst ratings for Cheniere Energy are predominantly positive, with a consensus average rating of "Buy" and a target price of approximately $266.93.

Paragon Advisors LLC grew its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 45.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,562 shares of the energy company's stock after acquiring an additional 5,791 shares during the quarter. Cheniere Energy makes up approximately 1.2% of Paragon Advisors LLC's holdings, making the stock its 24th largest position. Paragon Advisors LLC's holdings in Cheniere Energy were worth $4,520,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Strategic Blueprint LLC increased its stake in Cheniere Energy by 2.6% during the second quarter. Strategic Blueprint LLC now owns 29,301 shares of the energy company's stock valued at $7,135,000 after purchasing an additional 751 shares during the last quarter. Forum Financial Management LP grew its position in shares of Cheniere Energy by 5.8% during the 2nd quarter. Forum Financial Management LP now owns 2,992 shares of the energy company's stock valued at $729,000 after buying an additional 165 shares during the last quarter. Ethic Inc. grew its position in shares of Cheniere Energy by 5.0% during the 2nd quarter. Ethic Inc. now owns 20,594 shares of the energy company's stock valued at $4,943,000 after buying an additional 987 shares during the last quarter. Adams Natural Resources Fund Inc. bought a new stake in shares of Cheniere Energy during the 2nd quarter valued at about $3,239,000. Finally, Steel Grove Capital Advisors LLC bought a new stake in shares of Cheniere Energy during the 2nd quarter valued at about $201,000. Institutional investors own 87.26% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Cheniere Energy in a research report on Wednesday, October 8th. Scotiabank reaffirmed an "outperform" rating on shares of Cheniere Energy in a report on Tuesday, July 15th. Bank of America upped their price objective on Cheniere Energy from $258.00 to $271.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Jefferies Financial Group set a $288.00 price objective on Cheniere Energy and gave the stock a "buy" rating in a research note on Thursday, June 26th. Finally, Wells Fargo & Company upped their price target 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. Two analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $266.93.

Cheniere Energy Stock Performance

Shares of LNG stock opened at $224.60 on Thursday. Cheniere Energy, Inc. has a 12-month low of $180.77 and a 12-month high of $257.65. The firm has a market capitalization of $49.36 billion, a price-to-earnings ratio of 13.11 and a beta of 0.37. The business has a 50 day simple moving average of $233.55 and a 200 day simple moving average of $232.85. 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 released its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share (EPS) for the quarter, topping 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 company had revenue of $4.64 billion during the quarter, compared to analysts' expectations of $4.48 billion. During the same quarter in the prior year, the business posted $3.84 earnings per share. The company's revenue for the quarter was up 42.8% compared to the same quarter last year. On average, equities research analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

About Cheniere Energy

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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