Sowell Financial Services LLC Has $2.96 Million Position in Cheniere Energy, Inc. $LNG

Key Points

• Sowell Financial Services LLC has reduced its stake in Cheniere Energy by 8.8%, now holding 12,165 shares valued at approximately $2.96 million.
• The energy company reported an impressive earnings per share (EPS) of $7.30, significantly exceeding analysts' expectations of $2.35, alongside a year-over-year revenue increase of 42.8%.
• Several analysts have raised their price targets for Cheniere Energy, with a consensus rating of "Buy" and an average target price of $263.60.

Sowell Financial Services LLC cut its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 8.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,165 shares of the energy company's stock after selling 1,171 shares during the quarter. Sowell Financial Services LLC's holdings in Cheniere Energy were worth $2,962,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Brighton Jones LLC purchased a new position in Cheniere Energy in the 4th quarter worth approximately $335,000. Vise Technologies Inc. bought a new position in Cheniere Energy in the fourth quarter worth $240,000. Public Employees Retirement System of Ohio grew its position in shares of Cheniere Energy by 10.3% in the 4th quarter. Public Employees Retirement System of Ohio now owns 95,632 shares of the energy company's stock worth $20,548,000 after buying an additional 8,944 shares during the period. Forum Financial Management LP boosted its stake in Cheniere Energy by 2.0% during the fourth quarter. Forum Financial Management LP now owns 2,822 shares of the energy company's stock worth $606,000 after acquiring an additional 56 shares in the last quarter. Finally, Ameriflex Group Inc. purchased a new position in shares of Cheniere Energy in the 4th quarter worth about $42,000. 87.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on LNG. Bank of America lifted their price target on shares of Cheniere Energy from $258.00 to $271.00 and gave the company a "buy" rating in a report on Wednesday, June 25th. Wells Fargo & Company upped their price objective on Cheniere Energy from $267.00 to $284.00 and gave the company an "overweight" rating in a research report on Tuesday, August 12th. Scotiabank restated an "outperform" rating on shares of Cheniere Energy in a report on Tuesday, July 15th. BMO Capital Markets began coverage on Cheniere Energy in a research note on Friday. They set an "outperform" rating and a $268.00 target price on the stock. Finally, Cowen reiterated a "buy" rating on shares of Cheniere Energy in a report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Cheniere Energy has a consensus rating of "Buy" and an average price target of $263.60.

Cheniere Energy Stock Performance

Shares of LNG traded down $0.65 during mid-day trading on Monday, reaching $230.85. 1,725,265 shares of the company's stock traded hands, compared to its average volume of 1,534,357. The business's 50-day moving average price is $234.60 and its 200-day moving average price is $231.95. 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 market capitalization of $50.73 billion, a P/E ratio of 13.48 and a beta of 0.43. Cheniere Energy, Inc. has a 12 month low of $177.56 and a 12 month high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts' expectations of $4.48 billion. During the same quarter in the prior year, the business earned $3.84 earnings per share. The company's revenue was up 42.8% on a year-over-year basis. Equities analysts predict that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

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.