Greenwood Capital Associates LLC Acquires 3,400 Shares of Cheniere Energy, Inc. $LNG

Key Points

• Greenwood Capital Associates LLC increased its stake in Cheniere Energy by 37%, acquiring an additional 3,400 shares, bringing its total holdings to 12,592 shares valued at approximately $3,066,000.
• Various institutional investors, including NBC Securities Inc. and Merit Financial Group LLC, have significantly increased their positions in Cheniere Energy, contributing to a combined institutional ownership of 87.26%.
• Cheniere Energy reported impressive quarterly earnings, with earnings per share of $7.30, well above the consensus estimate of $2.35, and a year-over-year revenue growth of 42.8%.

Greenwood Capital Associates LLC raised its stake in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 37.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,592 shares of the energy company's stock after buying an additional 3,400 shares during the quarter. Greenwood Capital Associates LLC's holdings in Cheniere Energy were worth $3,066,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in LNG. Brighton Jones LLC acquired a new position in Cheniere Energy in the 4th quarter worth $335,000. NBC Securities Inc. lifted its holdings in shares of Cheniere Energy by 107,100.0% in the first quarter. NBC Securities Inc. now owns 2,144 shares of the energy company's stock valued at $496,000 after purchasing an additional 2,142 shares in the last quarter. Merit Financial Group LLC boosted its position in shares of Cheniere Energy by 116.4% during the first quarter. Merit Financial Group LLC now owns 7,884 shares of the energy company's stock worth $1,824,000 after buying an additional 4,240 shares during the period. Fulton Bank N.A. bought a new position in shares of Cheniere Energy during the first quarter worth about $391,000. Finally, Lake Street Private Wealth LLC grew its holdings in shares of Cheniere Energy by 2.4% during the first quarter. Lake Street Private Wealth LLC now owns 22,093 shares of the energy company's stock worth $5,112,000 after buying an additional 519 shares in the last quarter. Institutional investors and hedge funds own 87.26% of the company's stock.

Analyst Upgrades and Downgrades

LNG has been the topic of several research reports. BMO Capital Markets began coverage on Cheniere Energy in a research note on Friday, September 19th. They issued an "outperform" rating and a $268.00 target price on the stock. 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 report on Friday, August 29th. 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 research report on Friday, August 8th. Jefferies Financial Group set a $288.00 price target on shares of Cheniere Energy and gave the company a "buy" rating in a research note on Thursday, June 26th. Finally, Bank of America increased 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. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus price target of $263.60.

Cheniere Energy Trading Down 0.2%

Cheniere Energy stock opened at $231.68 on Friday. The stock has a 50-day simple moving average of $235.38 and a 200 day simple moving average of $232.80. The stock has a market capitalization of $50.92 billion, a P/E ratio of 13.52 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. Cheniere Energy, Inc. has a 52 week low of $180.62 and a 52 week high of $257.65.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The energy company reported $7.30 earnings per share (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 analyst estimates of $4.48 billion. During the same quarter in the prior year, the company earned $3.84 earnings per share. The business's revenue for the quarter was up 42.8% compared to the same quarter last year. Analysts expect that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Cheniere Energy 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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