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 reduced its holdings in shares of Cheniere Energy, Inc. (NYSE:LNG - Free Report) by 7.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of LNG. American Century Companies Inc. increased its stake in Cheniere Energy by 27.6% during the 1st quarter. American Century Companies Inc. now owns 1,304,253 shares of the energy company's stock valued at $301,804,000 after purchasing an additional 282,050 shares in the last quarter. Thompson Davis & CO. Inc. bought a new stake in shares of Cheniere Energy in the first quarter worth approximately $529,000. Kayne Anderson Capital Advisors LP grew its stake in shares of 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 acquiring an additional 105,875 shares during the period. Fractal Investments LLC grew its stake in shares of 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 acquiring an additional 16,385 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in shares of 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 acquiring an additional 1,630 shares during the period. 87.26% of the stock is owned by hedge funds and other institutional investors.

Cheniere Energy Price Performance

Shares of LNG stock traded down $4.69 during mid-day trading on Friday, hitting $229.66. The company had a trading volume of 976,595 shares, compared to its average volume of 2,041,647. Cheniere Energy, Inc. has a 52-week low of $177.56 and a 52-week high of $257.65. The stock's 50 day moving average price is $234.89 and its 200-day moving average price is $231.59. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.98 and a quick ratio of 0.85. The company has a market capitalization of $50.47 billion, a P/E ratio of 13.42 and a beta of 0.43.

Cheniere Energy (NYSE:LNG - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The energy company reported $7.30 earnings per share 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 company had revenue of $4.64 billion for the quarter, compared to analysts' expectations of $4.48 billion. During the same quarter in the previous year, the business posted $3.84 earnings per share. Cheniere Energy's quarterly revenue was up 42.8% on a year-over-year basis. Equities research analysts forecast that Cheniere Energy, Inc. will post 11.69 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on LNG. TD Cowen lifted their price target on shares of Cheniere Energy from $265.00 to $270.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Bank of America lifted their price target 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. Cowen restated a "buy" rating on shares of Cheniere Energy in a research report on Friday, August 8th. Barclays restated 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. Finally, Scotiabank restated an "outperform" rating on shares of Cheniere Energy in a research report on Tuesday, July 15th. 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 company. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average 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.