Insight Wealth Strategies LLC Sells 1,468 Shares of Cheniere Energy, Inc. $LNG

Key Points

• Insight Wealth Strategies LLC reduced its holdings in Cheniere Energy by 7.3%, selling 1,468 shares and now owning 18,693 shares worth approximately $4.41 million.
• Cheniere Energy's stock has received multiple buy ratings from analysts, with a consensus price target of $263.29 and notable price target increases from TD Cowen and Wells Fargo.
• The company reported a strong quarterly earnings result of $7.30 EPS, significantly surpassing analysts' expectations, along with a revenue increase of 42.8% year-over-year.

Insight Wealth Strategies LLC cut its holdings in Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 7.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 18,693 shares of the energy company's stock after selling 1,468 shares during the period. Insight Wealth Strategies LLC's holdings in Cheniere Energy were worth $4,412,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Altman Advisors Inc. increased its position in Cheniere Energy by 0.4% in the 1st quarter. Altman Advisors Inc. now owns 10,162 shares of the energy company's stock valued at $2,348,000 after buying an additional 43 shares in the last quarter. Greenleaf Trust increased its position in Cheniere Energy by 1.1% in the 1st quarter. Greenleaf Trust now owns 4,212 shares of the energy company's stock valued at $975,000 after buying an additional 46 shares in the last quarter. Hemington Wealth Management increased its position in Cheniere Energy by 14.0% in the 1st quarter. Hemington Wealth Management now owns 390 shares of the energy company's stock valued at $90,000 after buying an additional 48 shares in the last quarter. Brooklyn Investment Group increased its position in Cheniere Energy by 5.0% in the 1st quarter. Brooklyn Investment Group now owns 1,007 shares of the energy company's stock valued at $233,000 after buying an additional 48 shares in the last quarter. Finally, Venturi Wealth Management LLC increased its position in Cheniere Energy by 4.0% in the 1st quarter. Venturi Wealth Management LLC now owns 1,356 shares of the energy company's stock valued at $314,000 after buying an additional 52 shares in the last quarter. 87.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on LNG. TD Cowen boosted their target price on Cheniere Energy from $265.00 to $270.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Cowen reaffirmed a "buy" rating on shares of Cheniere Energy in a research report on Friday, August 8th. Wells Fargo & Company lifted their price target on Cheniere Energy from $267.00 to $284.00 and gave the company an "overweight" rating in a research note on Tuesday, August 12th. Scotiabank reiterated an "outperform" rating on shares of Cheniere Energy in a research note on Tuesday, July 15th. Finally, Barclays reiterated an "overweight" rating and set a $262.00 price target (up previously from $253.00) on shares of Cheniere Energy in a research note on Tuesday, July 15th. One investment 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's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $263.29.

Cheniere Energy Price Performance

Shares of NYSE LNG opened at $235.93 on Friday. Cheniere Energy, Inc. has a twelve month low of $177.55 and a twelve month high of $257.65. The stock's 50 day moving average price is $235.05 and its 200-day moving average price is $231.33. The company has a market capitalization of $51.85 billion, a PE ratio of 13.77 and a beta of 0.43. The company has a quick ratio of 0.85, a current ratio of 0.98 and a debt-to-equity ratio of 1.96.

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 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 firm had revenue of $4.64 billion for the quarter, compared to the consensus estimate of $4.48 billion. During the same quarter in the previous year, the business earned $3.84 EPS. The company's revenue was up 42.8% compared to the same quarter last year. On average, equities analysts anticipate that Cheniere Energy, Inc. will post 11.69 EPS for the current year.

Cheniere Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Friday, August 8th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, August 8th. Cheniere Energy's payout ratio is presently 11.68%.

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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