Cheniere Energy, Inc. $LNG Holdings Raised by TriaGen Wealth Management LLC

Key Points

• TriaGen Wealth Management LLC increased its stake in Cheniere Energy by 119.3%, owning 18,594 shares valued at approximately $4.53 million as of its latest SEC filing.
• Cheniere Energy's stock reported a strong EPS of $7.30 for the most recent quarter, significantly exceeding analysts' expectations, with revenue reaching $4.64 billion.
• Five analysts have recently raised their price targets for Cheniere Energy, with the current consensus target price around $263.60 and most ratings classified as a "Buy."

TriaGen Wealth Management LLC grew its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 119.3% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,594 shares of the energy company's stock after acquiring an additional 10,115 shares during the period. Cheniere Energy accounts for 1.4% of TriaGen Wealth Management LLC's investment portfolio, making the stock its 13th biggest holding. TriaGen Wealth Management LLC's holdings in Cheniere Energy were worth $4,528,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Altman Advisors Inc. grew its holdings in shares of Cheniere Energy by 0.4% during the first quarter. Altman Advisors Inc. now owns 10,162 shares of the energy company's stock worth $2,348,000 after purchasing an additional 43 shares during the last quarter. Greenleaf Trust lifted its position in Cheniere Energy by 1.1% during the 1st quarter. Greenleaf Trust now owns 4,212 shares of the energy company's stock worth $975,000 after buying an additional 46 shares in the last quarter. Hemington Wealth Management grew its holdings in Cheniere Energy by 14.0% during the 1st quarter. Hemington Wealth Management now owns 390 shares of the energy company's stock worth $90,000 after acquiring an additional 48 shares during the last quarter. Brooklyn Investment Group increased its holdings in shares of Cheniere Energy by 5.0% in the first quarter. Brooklyn Investment Group now owns 1,007 shares of the energy company's stock valued at $233,000 after purchasing an additional 48 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its stake in shares of Cheniere Energy by 4.0% in the 1st quarter. Venturi Wealth Management LLC now owns 1,356 shares of the energy company's stock valued at $314,000 after buying an additional 52 shares during the period. 87.26% of the stock is currently owned by hedge funds and other institutional investors.

Cheniere Energy Stock Up 0.3%

Shares of Cheniere Energy stock opened at $233.01 on Tuesday. The company has a market capitalization of $51.21 billion, a P/E ratio of 13.60 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. The business has a 50-day moving average of $235.60 and a two-hundred day moving average of $232.95. Cheniere Energy, Inc. has a 1 year low of $180.62 and a 1 year 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 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 for the quarter, compared to analysts' expectations of $4.48 billion. During the same quarter in the previous year, the business posted $3.84 EPS. The business's quarterly revenue was up 42.8% compared to the same quarter last year. As a group, equities analysts predict that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Analyst Ratings Changes

Several brokerages have weighed in on LNG. TD Cowen boosted their price objective on Cheniere Energy from $265.00 to $270.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Jefferies Financial Group set a $288.00 price objective on shares of Cheniere Energy and gave the company a "buy" rating in a report on Thursday, June 26th. Mizuho lifted their target price on shares of Cheniere Energy from $268.00 to $273.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. Weiss Ratings reissued a "buy (b)" rating on shares of Cheniere Energy in a research note on Saturday, September 27th. Finally, Cowen reaffirmed a "buy" rating on shares of Cheniere Energy in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus 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.

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