Empowered Funds LLC Has $5.48 Million Stake in Cheniere Energy, Inc. $LNG

Key Points

• Empowered Funds LLC has reduced its stake in Cheniere Energy, Inc. by 17.0%, now holding 23,661 shares worth approximately $5.48 million after selling 4,836 shares in the first quarter.
• Several analysts have set new price targets for Cheniere Energy, with Jefferies Financial Group targeting $288.00 and Barclays up to $262.00, alongside several "buy" ratings.
• Cheniere Energy reported $7.30 EPS for the last quarter, significantly exceeding analysts' expectations of $2.35 EPS, highlighting a strong revenue growth of 42.8% year-over-year.

Empowered Funds LLC lessened its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 17.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,661 shares of the energy company's stock after selling 4,836 shares during the quarter. Empowered Funds LLC's holdings in Cheniere Energy were worth $5,475,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of LNG. REAP Financial Group LLC boosted its holdings in Cheniere Energy by 150.0% in the 4th quarter. REAP Financial Group LLC now owns 125 shares of the energy company's stock valued at $27,000 after purchasing an additional 75 shares during the period. Cooksen Wealth LLC acquired a new stake in shares of Cheniere Energy in the first quarter valued at approximately $38,000. WPG Advisers LLC bought a new stake in shares of Cheniere Energy in the first quarter valued at approximately $38,000. Ameriflex Group Inc. acquired a new stake in Cheniere Energy during the fourth quarter worth approximately $42,000. Finally, Tsfg LLC grew its position in Cheniere Energy by 676.0% during the first quarter. Tsfg LLC now owns 194 shares of the energy company's stock worth $45,000 after buying an additional 169 shares in the last quarter. 87.26% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on LNG. Barclays reiterated an "overweight" rating and set a $262.00 target price (up from $253.00) on shares of Cheniere Energy in a research report on Tuesday, July 15th. Wells Fargo & Company increased their price objective on shares of Cheniere Energy from $267.00 to $284.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 12th. TD Cowen raised their target price on shares of Cheniere Energy from $265.00 to $270.00 and gave the company a "buy" rating in a report on Friday, August 8th. Mizuho upped their price target 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. Finally, Cowen reiterated a "buy" rating on shares of Cheniere Energy in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $263.29.

Cheniere Energy Trading Up 0.6%

Shares of LNG stock traded up $1.33 during mid-day trading on Tuesday, reaching $234.15. 646,732 shares of the stock traded hands, compared to its average volume of 2,050,113. The stock's fifty day simple moving average is $234.93 and its two-hundred day simple moving average is $231.44. Cheniere Energy, Inc. has a 1-year low of $177.56 and a 1-year high of $257.65. The company has a quick ratio of 0.85, a current ratio of 0.98 and a debt-to-equity ratio of 1.96. The company has a market cap of $51.46 billion, a price-to-earnings ratio of 13.67 and a beta of 0.43.

Cheniere Energy (NYSE:LNG - Get Free Report) last posted its earnings results on Thursday, August 7th. The energy company reported $7.30 EPS for the quarter, topping the consensus estimate of $2.35 by $4.95. Cheniere Energy had a net margin of 21.05% and a return on equity of 37.83%. The business had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.48 billion. During the same period last year, the company earned $3.84 EPS. The firm's revenue was up 42.8% compared to the same quarter last year. On average, research analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current fiscal 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.