Gilliland Jeter Wealth Management LLC Buys 1,499 Shares of Cheniere Energy, Inc. $LNG

Key Points

• Gilliland Jeter Wealth Management LLC increased its stake in Cheniere Energy by 127.6%, acquiring 1,499 additional shares, bringing its total holdings to 2,674 shares worth $651,000.
• Cheniere Energy reported earnings of $7.30 EPS for the last quarter, significantly surpassing analysts' expectations of $2.35, with a revenue of $4.64 billion, up 42.8% year-over-year.
• Brokerages maintain a consensus rating of "Buy" for Cheniere Energy, with target prices reaching as high as $288.00 from analysts, reflecting strong market confidence in the stock.

Gilliland Jeter Wealth Management LLC lifted its stake in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 127.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,674 shares of the energy company's stock after acquiring an additional 1,499 shares during the quarter. Gilliland Jeter Wealth Management LLC's holdings in Cheniere Energy were worth $651,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. American Century Companies Inc. raised its position in shares of Cheniere Energy by 27.6% during the first quarter. American Century Companies Inc. now owns 1,304,253 shares of the energy company's stock worth $301,804,000 after acquiring an additional 282,050 shares during the last quarter. Thompson Davis & CO. Inc. bought a new position in shares of Cheniere Energy during the first quarter worth about $529,000. Kayne Anderson Capital Advisors LP increased its holdings in Cheniere Energy by 7.6% in the first quarter. Kayne Anderson Capital Advisors LP now owns 1,494,901 shares of the energy company's stock worth $345,920,000 after purchasing an additional 105,875 shares in the last quarter. Fractal Investments LLC increased its holdings in Cheniere Energy by 27.7% in the first quarter. Fractal Investments LLC now owns 75,585 shares of the energy company's stock worth $17,490,000 after purchasing an additional 16,385 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in Cheniere Energy by 7.5% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 23,505 shares of the energy company's stock worth $5,439,000 after purchasing an additional 1,630 shares in the last quarter. 87.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on LNG. Weiss Ratings reiterated a "buy (b)" rating on shares of Cheniere Energy in a report on Wednesday. Mizuho lifted their target price on Cheniere Energy from $268.00 to $273.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. Cowen reiterated a "buy" rating on shares of Cheniere Energy in a report on Friday, August 8th. Jefferies Financial Group set a $288.00 target price on Cheniere Energy and gave the stock a "buy" rating in a report on Thursday, June 26th. Finally, Wells Fargo & Company lifted their target price on Cheniere Energy from $267.00 to $284.00 and gave the stock an "overweight" rating in a report on Tuesday, August 12th. Two research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of $263.60.

Cheniere Energy Trading Down 1.9%

Shares of Cheniere Energy stock opened at $231.34 on Friday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.85 and a current ratio of 0.98. Cheniere Energy, Inc. has a 52 week low of $180.62 and a 52 week high of $257.65. The stock has a 50 day moving average price of $235.55 and a two-hundred day moving average price of $232.97. The stock has a market capitalization of $50.84 billion, a PE ratio of 13.50 and a beta of 0.37.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The energy company reported $7.30 EPS for the quarter, beating 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 last year, the firm posted $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.

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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