Cheniere Energy, Inc. $LNG Shares Sold by Total Wealth Planning & Management Inc.

Key Points

• Total Wealth Planning & Management Inc. reduced its stake in Cheniere Energy by 40.4%, now holding 4,200 shares valued at approximately $1,023,000.
• Cheniere Energy reported $7.30 earnings per share in its latest earnings release, significantly exceeding analysts' expectations of $2.35.
• Equities analysts are optimistic about Cheniere Energy, with a consensus price target of $263.60 and most analysts rating the stock as a "Buy."

Total Wealth Planning & Management Inc. lessened its position in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 40.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,200 shares of the energy company's stock after selling 2,847 shares during the period. Cheniere Energy comprises 0.8% of Total Wealth Planning & Management Inc.'s portfolio, making the stock its 25th largest holding. Total Wealth Planning & Management Inc.'s holdings in Cheniere Energy were worth $1,023,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Pinnacle Bancorp Inc. raised its position in shares of Cheniere Energy by 134.1% in the second quarter. Pinnacle Bancorp Inc. now owns 103 shares of the energy company's stock valued at $25,000 after buying an additional 59 shares during the last quarter. Hilltop National Bank acquired a new position in shares of Cheniere Energy in the second quarter valued at approximately $28,000. Cooksen Wealth LLC acquired a new position in shares of Cheniere Energy in the first quarter valued at approximately $38,000. WPG Advisers LLC acquired a new position in shares of Cheniere Energy in the first quarter valued at approximately $38,000. Finally, Tsfg LLC raised its position in shares of Cheniere Energy by 676.0% in the first quarter. Tsfg LLC now owns 194 shares of the energy company's stock valued at $45,000 after buying an additional 169 shares during the last quarter. Institutional investors and hedge funds own 87.26% of the company's stock.

Cheniere Energy Stock Down 1.9%

Shares of NYSE LNG opened at $231.34 on Friday. Cheniere Energy, Inc. has a 1 year low of $180.62 and a 1 year high of $257.65. The firm has a market cap of $50.84 billion, a price-to-earnings ratio of 13.50 and a beta of 0.37. 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's 50-day simple moving average is $235.55 and its 200-day simple moving average is $232.97.

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 business had revenue of $4.64 billion for the quarter, compared to analyst estimates of $4.48 billion. During the same period in the previous year, the company earned $3.84 earnings per share. The company's revenue for the quarter was up 42.8% compared to the same quarter last year. As a group, equities analysts anticipate that Cheniere Energy, Inc. will post 11.69 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Weiss Ratings restated a "buy (b)" rating on shares of Cheniere Energy in a report on Wednesday. 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 note on Friday, August 8th. Bank of America boosted their price objective on shares of Cheniere Energy from $258.00 to $271.00 and gave the stock a "buy" rating in a research note on Wednesday, June 25th. Mizuho boosted their price objective on shares of Cheniere Energy from $268.00 to $273.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Finally, Barclays reiterated an "overweight" rating and set a $262.00 price objective (up 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, seventeen have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target 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.

Want to see what other hedge funds are holding LNG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cheniere Energy, Inc. (NYSE:LNG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.