Hennessy Advisors Inc. Sells 2,600 Shares of Cheniere Energy, Inc. $LNG

Key Points

• Hennessy Advisors Inc. reduced its stake in Cheniere Energy by 1.9%, now holding 135,467 shares valued at approximately $32.99 million, making it the firm's 20th largest holding.
• Cheniere Energy reported a remarkable EPS of $7.30 for the last quarter, significantly exceeding analysts' expectations of $2.35, which underscores a strong financial performance.
• Equity analysts generally maintain a positive outlook on Cheniere Energy, with a consensus rating of "Buy" and a target price around $263.60, suggesting potential upside for investors.

Hennessy Advisors Inc. decreased its position in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 1.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 135,467 shares of the energy company's stock after selling 2,600 shares during the quarter. Cheniere Energy makes up 1.1% of Hennessy Advisors Inc.'s holdings, making the stock its 20th largest holding. Hennessy Advisors Inc. owned about 0.06% of Cheniere Energy worth $32,989,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. QRG Capital Management Inc. grew its position in shares of Cheniere Energy by 3.3% during the 2nd quarter. QRG Capital Management Inc. now owns 39,440 shares of the energy company's stock worth $9,604,000 after buying an additional 1,273 shares in the last quarter. Franklin Street Advisors Inc. NC grew its position in shares of Cheniere Energy by 4.1% during the 2nd quarter. Franklin Street Advisors Inc. NC now owns 61,802 shares of the energy company's stock worth $15,050,000 after buying an additional 2,416 shares in the last quarter. Stock Yards Bank & Trust Co. grew its position in shares of Cheniere Energy by 101.8% during the 2nd quarter. Stock Yards Bank & Trust Co. now owns 3,485 shares of the energy company's stock worth $849,000 after buying an additional 1,758 shares in the last quarter. Ascent Group LLC grew its position in shares of Cheniere Energy by 24.6% during the 2nd quarter. Ascent Group LLC now owns 1,161 shares of the energy company's stock worth $283,000 after buying an additional 229 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new position in shares of Cheniere Energy during the 2nd quarter worth $235,000. Institutional investors own 87.26% of the company's stock.

Cheniere Energy Trading Up 0.2%

Cheniere Energy stock opened at $232.15 on Friday. The stock has a 50-day moving average of $235.51 and a two-hundred day moving average of $232.86. 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 one year low of $180.62 and a one year high of $257.65. The stock has a market cap of $51.02 billion, a PE ratio of 13.55 and a beta of 0.37.

Cheniere Energy (NYSE:LNG - Get Free Report) last released its quarterly earnings results 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 company had revenue of $4.64 billion during the quarter, compared to analysts' expectations of $4.48 billion. During the same period last year, the business posted $3.84 earnings per share. 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.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. BMO Capital Markets initiated coverage on Cheniere Energy in a research report on Friday, September 19th. They set an "outperform" rating and a $268.00 price target on the stock. Scotiabank restated an "outperform" rating on shares of Cheniere Energy in a research note on Tuesday, July 15th. Weiss Ratings restated a "buy (b)" rating on shares of Cheniere Energy in a research note on Saturday, September 27th. Cowen restated a "buy" rating on shares of Cheniere Energy in a research note on Friday, August 8th. Finally, TD Cowen upped their price objective on Cheniere Energy from $265.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price 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.

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